Accelerating Financial Trading

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1 Accelerating Financial Trading 26 March 2007 Nigel Woodward

2 Warm up act Context Some of what we have been doing Up to speed Future pointers Intel Confidential

3 Capital Markets.. in evolution Buy Side Market Services Sell Side Counterparty Banks Interrelationship business processes and workflows Disruptive and enabling technology Regulation Intel Confidential

4 Intel Confidential

5 Plimsol Line Intel Confidential

6 What s going on.. Low Latency arms race Statistical arbitrage market MiFID/RegNMS liquidity landscape Data sources Decimalisation volume/size Buy Side explosion Numbers hedge funds Volume Sophistication Electronic Above and below the plimsol line Intel Confidential

7 Solution Focus O_ Plimsol Line FIX engine Feed Handler/ MDD (Reuters) Middleware messaging Hardware SWIFT Gateway GRID, Virtulaisation, Inteconnect AMQP Network Intel Confidential

8 Intel Multi-Core Strategy Intel Confidential Intel dual core volume exiting 2006** Desktop Performance Server & Workstation >70% Dual Core >85% Dual / Multi-Core Desktop Client Mobile Performance >70% Dual Core Intel Single core to Multi-core shipments Server & Workstation Mobile client Bringing Parallelism to Everyone * Other names and brands may be claimed as the property of others. All products, dates and figures are preliminary, for planning purposes only, and are subject to change without notice. **Data is run-rate exiting the year

9 FIX to FAST Conversion Thousand of Messages per second Xeon Opteron Woodcrest Clovertown Xeon = dual socket, 3.20 GHz Intel Xeon Opteron = dual socket, 2.60 GHz Dual-Core Opteron* 285 Woodcrest = dual socket, 2.66 GHz Dual-Core Intel Xeon 5150 Clovertown = dual socket, 2.66 GHz Quad-Core Intel Xeon 5355 * other names and brands may be claimed as the property of others Xeon, Itanium, NetBurst and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries * Other names and brands may be claimed as the property of others. 9

10 IOAcceleration Technology Reduces Latency FIX to XML, BizTalk routing, XML to FIX driving down latency Latency msec Latency Improvement without IOAccelerationTechnology with IOAccelerationTechnology 0 50 msgs/sec 100 msgs/sec Message Volume 150 msgs/sec 200 msgs/sec 2 Woodcrest systems, dual socket, 2.66 GHz Dual-Core Intel Xeon 5150 Xeon, Itanium, NetBurst and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries * Other names and brands may be claimed as the property of others. 10

11 Speed arbitrage opportunity. "The linear scaling we have seen from Clovertown on our FIX and derivatives messaging applications is very impressive. The combined Intel/Red Hat architecture gives our clients the performance needed for high volume, low latency market data distribution and high velocity automated trading." Anders Furuhed, CTO Pantor Engineering November 2006 Xeon, Itanium, NetBurst and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries * Other names and brands may be claimed as the property of others. 11

12 Fix fix fix fix. Working with Intel s new Core 2 Duo microarchitecture has accelerated our Microsoft BizTalk implementation of FIX messaging significantly. Results are impressive with 100ms latency increasing from 75 to 200 messages second. Further increments from multi core and tuning are expected to lift the bar even further. Kevin Houstoun Rapid Addition November 2006 Xeon, Itanium, NetBurst and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries * Other names and brands may be claimed as the property of others. 12

13 Exchange Connectivity. Market data and order routing volumes are growing exponentially as a consequence of the spread of algorithmic trading, statistical arbitrage and the number of execution venues. At the same time, low latency has become a key differentiating factor in automated trading. With Intel Core 2 and Intel in silicon tools, we now have a platform architecture through which to address these requirements Rolf Andersson, CEO Pantor Engineering November 2006 Xeon, Itanium, NetBurst and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries * Other names and brands may be claimed as the property of others. 13

14 Turbo charging market data. The automated trading evolution is being driven by best execution resulting, competitive and regulatory pressures, as well as revenue opportunities resulting from proprietary statistical-arbitrage. In tests of Reuters Market Data System (RMDS) 6.0 on Intel Xeon processors, we are already exceeding 4 million updates per second and reducing latency with sub-millisecond response times at up to 300,000 updates per second. We expect dramatic performance using the Quad-core I ntel Xeon processor 5300 series. Michael Parlapiano, Executive Vice President, Reuters November 2006 Xeon, Itanium, NetBurst and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries * Other names and brands may be claimed as the property of others. 14

PassMark - CPU Mark Multiple CPU Systems - Updated 17th of July 2012

PassMark - CPU Mark Multiple CPU Systems - Updated 17th of July 2012 1 z 5 2012-07-17 08:26 Shopping cart Search Home Software Hardware Benchmarks Services Store Support Forums About Us Home» CPU Benchmarks ť Multiple CPU Systems CPU Benchmarks Video Card Benchmarks Hard