Data, data, data.
If anything in global capital markets is ubiquitous, it’s data. And as investors seek new pockets of alpha, brokers seek better ways of trading and regulators seek better understanding of increasingly diverse markets, demand for data is only going to increase.
That increase, of course, can throw up hurdles for even the most advanced trading floor.
That data rates are growing exponentially is not news and indeed, technology vendors have been working on creating better methods to manage, store and transport all that…data.
Recently, TabbFORUM sat down with Brian Doherty, global product manager at NYSE Technologies, to discuss his firm’s recent release of Data Fabric 6.0, a commercial messaging product.
TabbFORUM: What’s been driving this effort?
Brian Doherty: Data Fabric was one of the first commercial messaging products to implement RDMA – Remote Direct Memory Access. This allows the movement of huge amounts of messages with deterministic low latency (single digit microseconds). With the latest version of Data Fabric, we are implementing MultiVerb – an IB verb-level implementation of multicast for 10 Gigabit Ethernet and InfiniBand networks. Existing messaging software has not innovated anywhere near as fast as hardware and it has become the bottleneck to performance. Data Fabric 6.0 addresses this bottleneck.