Exegy, FIF Reboot MarketDataPeaks.com with Capacity Info

“Market data participants need the most recent and complete set of market data, and having electronic trading infrastructure that is appropriately designed to consume all of the market data is very important. It becomes not just an accuracy issue or a profitability issue for a given bank or trading firm, but it becomes a stability and integrity issue for the entire marketplace,” says David Taylor, CTO at Exegy. “The FIF took the view that all the market participants and vendors need to share data so that we all have a more complete understanding at the rate at which data is being published and therefore how all the systems that process that data need to be sized and designed for capacity.”

MarketDataPeaks.com will use Exegy appliances that feature hardware-based timestamping clock synchronization, and rate measurements to provide market data measurements at millisecond intervals. 

The new addition of MarketDataPeaks.com will also provide a wider breadth of metrics, including packet rates, which determines the capacity required by switches and interface cards on enterprise computing and cloud infrastructures.

The public site will provide message rates, message burst rates, packet rates, and packet burst rates from two US market data feeds, the Securities Information Process feeds and the proprietary direct feeds from equities and commodities exchanges. The new site will no longer group direct market data feeds together, so users can can control and view aggregate feeds separately. 

The second key difference of the new site is the addition of data on burst rates, which will reflect market data that comes in at milliseconds. “The old site just showed the number of messages that arrived within a one-second interval, and when messages is the number of messages per second that is a reasonable measurement, but it’s hard to size your system to process that many messages per second—there will be instances when there’s more messages than that. That’s why we [Exegy] wanted to add another set of messages that measure the arrival time of data measured at millisecond intervals,” says Taylor. 

Exegy will relaunch MarketDataPeaks services for European, Canadian, and Asia-Pacific equities and derivatives markets, expand the set of feeds, and add new asset classes in the next few months.