Events 29West Zero Latency Tour

The Zero Latency Tour has been a tremendous success. Our London event drew 90 attendees, New York 120, and Chicago 77. There's no shortage of people in the industry thinking about the state of the art in financial messaging and who will win the "race to zero."

Did you miss the tour in London, New York, or Chicago?

Watch the London Zero Latency Tour video here

Watch the New York Zero Latency Tour video here

Watch the Chicago Zero Latency Tour video here

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Locations

May 19, 2009, London

June 2, 2009, New York

September 23, 2009, Chicago

February 24, 2010, Tokyo

Recently heard on the Zero Latency Tour...


The daemonless design of 29West gave us a new concept in architecture. We removed daemons and any other process that could introduce latency and it really works.
        -Alexander Ryssiouk, FXCM, New York

You can actually buy commodity hardware and you can wire it together with really good quality messaging---that way you can split up the data and deal with this at the commodity level. We've been doing a lot of work with the likes of the 29West messaging, and what Intel's been doing with processors and network cards, to have a commodity setup that can actually beat the world's best exchanges, running on very simple hardware.
        -Martin Thompson, Tradefair, London

We have effectively removed everything from the data path and built our own UME solution. We function very, very, very fast, but effectively by taking everything out of the data path and fanning out everything we can horizontally.
        -Alex Roitgarts, Credit Suisse, New York

You've had a X-2 performance improvement over the last tests we did six months ago by moving to Nehalem... if you're right at the leading edge, then tune, tune, tune.
        -Nigel Woodward, Intel, London

We are pushing our vendors to work with companies such as 29West to help us to monitor latency to a point where we can literally monitor on a per-message basis and make sure that our latency numbers are giving us the proactivity that we need.
        -Saro Jahani, National Stock Exchange, New York

A good friend of mine claims to have never been beaten by hardware for his software, and from what I can make out that still is the case.
        -Mark Reece, HSBC, London

We have proprietary middleware that we're replacing with 29West right now. One of the benefits you get with 29West is now you have multiple topics and each topic can have its own sequence so a retransmission for one topic doesn't hold up other topics. As you go over long distance ... by making the communications much more parallel you get a lot more throughput---one of the key benefits and big reasons we did it.
        -Sean Gilman, Currenex, New York

With Forex markets, there are two latency issues. The first is price delivery. 29West's solution with multicast helps us fight the latency and the message accumulation if the receiver is busy. Second is the actual trading, where it's crucial that we don't lose any messages. The UME solution is reliable, and persistent messaging helps the trading solution provide greater reliability and lower latency.
        -Alexander Ryssiouk, FXCM, New York

All the high velocity guys trade on us. We had a problem once with a customer who had a particular trading model and their orders never got filled. It would always be because another customer always hit that price first. One was faster by one millisecond or a couple hundred microseconds. You're the fastest or you lose. It really is a race.
        -Sean Gilman, Currenex, New York

If you look at the spring of 2005, our average round-trip latency was 500 milliseconds. We had outliers as high as 1 or 2 seconds... At the time, we were looking at everybody. We were looking at Tibco, we were looking at every JMS vendor out there. A couple of them were hitting that 20 millisecond target... So we brought [29West] in, and they came in and hit sub-1 millisecond. Back in 2005. We were blown away. They'd blown everybody else out of the water.
        -Edwin Marcial, CTO, ICE, Chicago

The system is architected so that it's easily scaled at every level. When we need more capacity we simply add another server and re-grade the load. We do that for market data processing, we do that for our matching engines, and we do that for our databases.
        -John Kerin, EVP, COO & CTO, Chicago Stock Exchange, Chicago

We had a great middleware platform that we built... We threw all that away and put in 29West because it allowed us to really focus on our core business.
        -Sean Gilman, CTO, Currenex, Chicago

The group responsible for maintaining our middleware were the ones that recommended we supplant it with 29West
        -John Kerin, EVP, COO & CTO, Chicago Stock Exchange, Chicago

[29West] allows us to deploy points of presence around the world with a lot better efficiency
        -Sean Gilman, CTO, Currenex, Chicago

We haven't had a greater partner with respect to I.C.E. in terms of technology than 29West.
        -Edwin Marcial, CTO, ICE, Chicago

Our systems were reliable before, but transitioning to 29West enabled us to make them more robust.
        -John Kerin, EVP, COO & CTO, Chicago Stock Exchange, Chicago

Basically [we] took test cases that we had already built for our existing middleware and ported them onto 29West and looked at the performance, and they saw an order of magnitude improvement, and they were sold... It wasn't a hard sell at all. I actually had to push them not to move all the order processing onto 29West simultaneously.
        -Sean Gilman, CTO, Currenex

[29West] has been 100% reliable since we launched. And we've been running on it for 4 years now.
        -Edwin Marcial, CTO, ICE, Chicago