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Spotlight-blackInnovations in Trading and Technology (more stories)

12 October 2011

Breaking Down Data Bottlenecks

In this Q&A, Brian Doherty, global product manager at NYSE Technologies, talks about the recent release of Data Fabric 6.0, a commercial messaging product.

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.

TF: How long did it take to bring to market?
BD: Data Fabric has been in production at our clients for over three years.

TF: How about the numbers – Securities Technology Monitor said the new version can handle one billion messages a second. Is that accurate?

BD: Through our partnership with Intel we got access to their Customer Response Team datacenter in DuPont, Wash., where we deployed Data Fabric 6.0 on 300 servers. We were able to drive a million messages per second to a thousand clients, with an aggregate delivery rate of one billion messages per second. This is where we are today and is by no means the limit of the technology, merely a demonstration of the capability.

TF: What’s the target market?
BD: DataFabric is targeted at the capital markets community. By building on the success of our MarketData Technology products such as feed handlers, we have initially focused on market data delivery but clients are planning deployments to address other area where performance is key.

TF: Are any clients using it yet?
BD: Data Fabric is in production at many of our clients, from hedge funds to large tier one banks.

TF: What’s the real-world application here? Is there a point where there’s simply too much for anyone to do anything with?
BD: With Data Fabric 6.0, we are removing from the equation any concerns that the transport is a bottleneck. Intel’s level of innovation is constantly adding more processing power and clients need to be assured that messaging software can match server performance.

Spotlight-white-trans For more stories in the Innovations in Trading and Technology Spotlight Series click here.

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