LMAX Exchange Chooses Azul Systems' to Optimise Execution Performance

LMAX Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, the first FSA regulated MTF for FX, announced a strategic partnership with Azul Systems, the leading Java solution provider for applications requiring low latency and scalability. LMAX Exchange will use Azul’s Zing™ Java Virtual Machine (JVM) for continuous performance optimisation of its low latency Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term venue.

As the award-winning LMAX Exchange continues its rapid growth, it will use the innovative Zing JVM as a technological foundation to deliver consistently reliable performance, high throughput and low latency execution.

Furthermore, both companies will collaborate at a deep engineering level to continuously optimise the low-latency performance of Azul’s Java solutions.

Azul’s Zing is a 100% Java-compatible high performance JVM, known to deliver low latency and also to support large in-memory datasets without performance penalty. In essence, Zing eliminates operational interruptions, response time outliers and the scalability limits of Java-based trading and other financial services applications. LMAX Exchange will benefit from Zing without having to make any changes to its unique trading software architecture, approach to software development or its advanced continuous delivery process.

Edward McDaid, CIO at LMAX Exchange, said: "LMAX Exchange is already one of the fastest execution venues for FX and our deep technological collaboration with Azul will help to ensure we continue to deliver even faster and more consistent execution for our clients in the future."

Scott Sellers, president and CEO of Azul Systems, said, “We’ve seen time and time again that if you are using a conventional JVM, you will not be able to deliver consistent ultra-low latency with high scalability.

We provide a fast, reliable and proven solution which ensures execution venues, risk analysis engines, messaging infrastructure, and a myriad of other low-latency applications benefit from consistency and reliability of execution and improved service availability -- even under demanding and unpredictable loads. Our Zing JVM enables financial institutions like LMAX Exchange to seamlessly grow transaction volumes and meet ever stricter SLAs.”

The two companies are planning to publish a series of white papers summarising the results of their technical collaboration, including any business and performance benefits achieved.