Today we unveiled some interesting work we’ve been doing with Redline Trading to show the consolidation of their InRush ticker plant with the Solace message distribution layer for a wide range of market data delivery use cases.
Redline’s solution is a hybrid of software and hardware that is typically installed within a server to accelerate the various functions performed within a ticker plant. These includes everything you’d expect from a ticker plant: feed handling, order and price book functionality, even last value cache. Redline is fast, too — all of this takes place in an average of 8 microseconds for up to 10 million market data updates per second, with the kind of consistency you expect from a hardware-accelerated solution.
Our appliance picks up where a feed handler leaves off, reliably moving market data from feed to application whether that application is on the same machine, over a network or across the world.
So what makes the combination of Solace and Redline a match made in vendor heaven? There are two key scenarios:
The latter use case is much more common. High frequency trading and co-location get all the headlines, but market data is used virtually everywhere, far beyond high-frequency algos.
Cost considerations lead most firms to receive data through a shared feed handler, and use messaging to distribute it to algo machines, other trading applications, human traders, back office systems and remote locations. Solace’s messaging uses the most efficient means to get the data from the feed handler to where it is needed:
The Solace appliance automatically adjusts for each recipient’s configuration without the nightmare of configuring and managing multicast on the LAN or bridging out of multicast for WAN connectivity. There are so many ways the distribution use case can save people time, effort and money.
We look forward to working with Redline to make this consolidation of components 2010’s must have low latency trading solution.
From 2005 to 2017, Mr. Neumann was responsible for all aspects of strategic, corporate, product and vertical marketing. Before Solace, he held executive marketing positions with TIBCO and Oracle, and co-founded an internet software company called inCommon which was acquired by TIBCO. During his tenure at TIBCO, Mr. Neumann played a key role in planning company strategic direction relating to target markets and candidate acquisitions.[position] => [url] => https://solace.com/blog/author/larry-neumann/ ) )