Welcome!

Python Authors: Pat Romanski, Jyoti Bansal, Donald Meyer, Liz McMillan, Elizabeth White

News Feed Item

McObject's eXtremeDB Financial Edition Sets Records in STAC-M3 Benchmark of Market Data Analysis

Works With Kove, Dell and Mellanox to Deliver Unprecedented Results in STAC Audited Report

ISSAQUAH, WA -- (Marketwire) -- 11/06/12 -- McObject® announced today that a new report from the Securities Technology Analysis Center (STAC®) documents that the company's eXtremeDB® Financial Edition database system achieved the lowest mean response times ever reported for 15 of 17 STAC-M3™ benchmarks. The fully audited benchmark tests evaluated time-series data management (tick database) solutions involving complex queries that were designed by trading firms on the STAC Benchmark™ Council to reflect real-world capital markets computing demands.

Trading in today's financial markets is increasingly a "race to zero" in which improved speed drives profits, and accelerating collection and analysis of trade and quote (TAQ) time-series data provides the greatest competitive edge. Obstacles include surging data volumes and securities prices that can change millions of times per second. Success hinges on low-latency approaches that enable rapid retrieval, storage, and analysis of massive quantities of data, making it possible to exploit fleeting market opportunities, monitor risk, and satisfy regulatory demands.

McObject together with Kove, Dell, and Mellanox bring years of industry experience to the tasks of capturing and analyzing market data, resulting in the best performance ever demonstrated in most of the STAC-M3 Benchmarks. McObject's STAC-M3 implementation leveraged key eXtremeDB Financial Edition features, including column-oriented data storage and a rich library of vector-based statistical functions, to store, retrieve and analyze a year's worth of simulated tick data while measuring the key metric of query response latency.

McObject deployed the DBMS on a Dell R910 PowerEdge server with 40 Intel E7 cores and 512GB RAM, running CentOS 6.2 Linux. For high performance storage, the tests used the Kove® XPD™ L2 memory-disk SSD storage, mesh-connected via Mellanox ConnectX®-2 InfiniBand adapters through a Mellanox InfiniScale® IV QDR InfiniBand Switch to the Dell server. This off-the-shelf solution, capable of delivering the fastest market data analysis, is available today and supported through the vendors named above. The tests were performed by STAC at R-HPC.

The McObject, Kove, Dell and Mellanox products' track records and record-setting performance in the STAC-M3 Benchmark recommends their use together in financial systems including:

  • Trade and Order Execution Platforms
  • Algorithmic Back Testing of Data
  • Real-Time Risk Analytics and Reporting
  • Correlation of Trading and Exposure Across Multiple Asset Classes/Trading Venues
  • Real-Time Ingestion and Analytics of High Volume Market/OPRA Data

"eXtremeDB Financial Edition has emerged as a key tool to purge latency from data-intensive, real-time financial applications. These STAC-M3 Benchmarks leverage the database system's key features including its streamlined design, support for both column- and row-based data storage, and rich library of vector-based statistical functions to deliver the highest speed in analyzing time series data. Together with our partners, McObject is confident recommending this joint solution with eXtremeDB Financial Edition to organizations seeking more profitable trading in today's highly automated capital markets," said Steve Graves, McObject CEO.

"This collaboration yet again extends Kove's leadership in high performance storage, providing real world solutions based on the Kove® XPD™ L2 memory-disk SSD storage for those who need the absolute fastest storage available," said Kove CEO John Overton.

"Faster access to and analysis of information means faster time to answers. This leads to better, and more real-time, business decisions," said Bob Barris, VP of global sales, banking and securities at Dell. "These STAC-M3 Benchmark results prove that with the right technology solution, institutions can be assured they can obtain affordable technology for analyzing market data, despite unprecedented volumes."

"IT departments in financial capital markets are facing huge growth in the volume of market data, while they are also under pressure to improve trade execution times," said Asaf Wachtel, director of financial services business development at Mellanox Technologies. "These STAC-M3 benchmarks are a testament to the bandwidth and latency performance benefits our InfiniBand interconnect solutions provide to the financial services industry, enabling them with faster time to analysis and trade execution."

See the full report at www.STACresearch.com/mcobject.

About McObject

Founded by embedded database and real-time systems experts, McObject provides the eXtremeDB database system product family to build low latency, high scalability and reliability into real-time financial systems while harnessing the growing volume of data in capital markets. McObject counts among its customers industry leaders such NSE.IT, SunGard Kingstar, Transaction Network Services, Dalian Commodity Exchange, Financial Technologies of India Ltd. (FTIL), BAE Systems, Northrop Grumman, Siemens, Philips, EADS, Spirent Communications, F5 Networks, Motorola and Boeing. Based in Issaquah, WA, McObject is committed to providing innovative technology and first-rate services to customers and partners. For more information, contact at +1-(425)-888-8505, or visit http://financial.mcobject.com.

About Kove
Formed in 2004, Chicago-based Kove is a pioneering leader in high performance memory-disk SSD storage. Kove provides patented, core technology components to solve the most challenging storage and data management needs. Visit http://kove.com.

About Mellanox
Mellanox Technologies is a leading supplier of end-to-end connectivity solutions for servers and storage that optimize data center performance. Founded in 1999, Mellanox Technologies is headquartered in Sunnyvale, California and Yokneam, Israel. Visit www.mellanox.com.

About R-HPC

Founded in 2005, R-HPC Systems provides technical expertise and optimized HPC cluster resources to the commercial and academic research communities. Visit http://www.r-hpc.com.

McObject and eXtremeDB are registered trademarks of McObject LLC. All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners.

Contact Information
David Worthington
Fusion Public Relations
(212) 651-4219
E-mail: Email Contact

Ted Kenney
McObject
(425) 888-8505
E-mail: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
"Operations is sort of the maturation of cloud utilization and the move to the cloud," explained Steve Anderson, Product Manager for BMC’s Cloud Lifecycle Management, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).