Object Design Introduces Real-Time Market Data Thursday 24 May 2001 PDF Print Captures 10,000, and queries more than one million, market data events per second Object Design, a division of eXcelon™ Corporation (NASDAQ:EXLN), today announced the Real-Time Event Engine (RTEE) for Finance, a new software application that overcomes the technology barriers that limit other real-time collection and analysis tools, by simultaneously capturing, organising and querying huge volumes of streamed real-time data at unprecedented levels. Market data analysis is necessary for many financial functions and is particularly critical for highly dynamic and distributed environments, such as foreign exchange, equity trading and fixed income operations. The RTEE is a high-performance application for the real-time capture, organisation and simultaneous query of streaming event data. It combines extreme scalability with a flexible Cache-Forward™ architecture to support real-time analysis of streaming event data in distributed environments without impacting capture speed. It ties into any system architecture, freeing financial system designers from having to build collection and management applications for real-time event data, allowing them to focus on the crucial task of analytics. Unprecedented Performance The RTEE leverages Object Design’s strengths in application-specific data management solutions by delivering outstanding performance for time critical applications while minimising hardware investments. For instance, stock traders are typically able to collect up to 400 ticker updates (ticks) per second. RTEE can collect from 5,000 to 10,000 ticks per second while simultaneously querying more than one million ticks per second on low- to mid-range Sun hardware. This type of performance enables traders, brokers and analysts to synthesize more market data from a greater number of sources more quickly than ever before, making it a powerful application for event analysis, history, traffic rates and re-play trading scenarios. “Simply capturing real-time market data, in itself, is not particularly challenging, assuming you’re willing to continually purchase hardware to keep up with increasing demands,” commented Brian Naughton, Worldwide Director of Product Management at Object Design. “However, simultaneously querying this real-time market data as it arrives has typically been unachievable. Until now, financial institutions have tried to overcome this obstacle with inflexible proprietary solutions developed in-house. The RTEE provides a scalable, high-performance application that frees developers to focus their efforts on real-time and historical analytics.” The RTEE has three main components that address the primary requirements of a comprehensive market data collection and analysis system. The components are: Collector: Captures market data from external sources in real-time and inserts the data into a persistent store. Reorganiser: Organises and indexes the data for efficient use, and re-orders out-of-sequence data. Query Server: Allows users to access and perform analysis on the market data in real-time and in parallel with the data stream capture process. The RTEE is available immediately for Microsoft NT/2000 and Sun Solaris platforms. It integrates with leading middleware technology Application Program Interfaces (APIs) including TIBCO, Common Object Request Broker Architecture (CORBA) and Distributed Component Object Model (DCOM). About Object Design: Object Design, a division of eXcelon Corporation (NASDAQ: EXLN), is the leading provider of native C++ and Java data management solutions. The company develops and markets the ObjectStore database management system and related tools including Javlin and PSE Pro. The data management products are used by over 4000 customers in the telecommunications, financial services and e-business markets, and by independent Software Vendors (ISVs). The company backs its products with comprehensive training, services and support. Headquartered in Burlington, Mass., Object Design sells and supports its products through branch offices across the U.S., international subsidiaries in the United Kingdom, Germany, The Netherlands, Japan and Australia, and a worldwide network of distributors. For additional information, visit http://www.objectdesign.com. For further information contact: Jen Trebble/Deborah Hermans, Hypa Creative Ltd. Email: email@example.com / firstname.lastname@example.org Tel: +44 (0)20 8742 8668 Fax: +44 (0)20 8742 2250 Linda Steel Marketing Manager Northern Europe, Object Design. Email: email@example.com Tel: +44 (0)118 930 1258 This press release was distributed by ResponseSource Press Release Wire on behalf of Hypa Creative in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.