Azul Systems Extends Its Zing Technology to Spotex’s Trading Infrastructure

Azul Systems, a software solutions provider for the financial services industry, has deployed its Zing technology on Spotex’s trading infrastructure, according to an Azul statement.

Spotex operates a foreign 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 (FX) electronic communication network (ECN) that caters to both buy and sell-side participants. The group has chosen to integrate Azul Systems’ Java Virtual Machine (JVM), known as Zing, which is designed specifically for Java-based applications. Moreover, the technology is geared for systems that require low latency and high scalability needs. Spotex’s decision to rely on Zing for its trading infrastructure has consequently forgone the need to rely on existing Garbage Collection (GC) and other JVM-related pauses.

Prior to using Zing, Spotex had been observing and measuring GC and other latencies of approximately 30-50 milliseconds every 10 minutes. However, by revamping its infrastructure and replacing its existing JVM technology with Zing, Spotex aims to abolish any problematic latency outliers, whereby improving overall trade 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.

Azul Systems’ Zing is also known for controlling any operational cessations and response time outliers typically experienced with Java-based trading and compliance applications.

According to Ritesh Agrawal, CEO of Spotex, in a recent statement on the deployment, “At Spotex, we have developed a leading edge technology that is fair, efficient and provides the highest level of integrity. Working with Azul Systems has enabled us to deliver a robust and reliable solution for our clients.”

“Spotex’s decision to run its ECN on Zing highlights why it is so important to use the right JVM for Java applications that require low latency and scalability. Trading is an ultra-competitive market, so using a technology like Zing, which removes the shortcomings of Java such as inconsistent response times and application jitter, quickly and easily gives emerging providers like Spotex a unique advantage,” added Scott Sellers, CEO and President of Azul Systems, in an accompanying statement.

Earlier this year, Azul Systems made headlines after Zing was chosen by interbroker Tradition for utilization across its trading platforms. Tradition chose to integrate Azul’s technology to provide ‘faster and more predictable trade execution’.