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The New Trading Platform

The New Trading Platform. Threat to Trading Systems . Market Data. Order Handling. Growing at a rapid pace Opra Feed 1.2M MPS Depth of Book over 1.0M MPS. HFT Order Volumes 1m Orders per Second 1 Billion Orders per Day. Regulation. Complex Order Types. Routing. Mid Point Matching

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The New Trading Platform

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  1. The New Trading Platform

  2. Threat to Trading Systems Market Data Order Handling • Growing at a rapid pace • Opra Feed 1.2M MPS • Depth of Book over 1.0M MPS • HFT Order Volumes • 1m Orders per Second • 1 Billion Orders per Day Regulation Complex Order Types Routing • Mid Point Matching • Minimum Execution • Multi Legs • Linked Orders • Multiple Markets • Dark Books • Sweeps

  3. Demand -Trading Systems The Performance of over 100,000 orders per second going to a 1Million per second Flexibility The ability to introduce new order types products & services 2 3 Capacity Multi Asset 1 4 One Platform to Trade all Asset classes 5 Latency The race to Zero Latency and Predictable Latency Cost To achive all the above at very low cost

  4. Trading Architecture

  5. Business Business Innovation Dynamically Application Integration Shell Technology Business Innovation Dynamically

  6. Technology Mapping Architecture Exchange Platform Distributed Parallel Matching Order Management gateways BID Dynamic Schema Validation Rules Market Data Market Data gateways Matching Rules Market Data Rules Market Setup Post Trade gateways Order Types Rules Mapping Rules Market Operations System Management Permission Rules Display Rules Customer Service GUI’s Technology Performance Resilience Serendib (Comms) Sysguard (FT) Spatial (GUI) Orion (Persistence) Flexibility Scalability Implementation Cost Modular Rule Based Testing

  7. Testing Automated

  8. Capital Markets

  9. Millennium Exchange

  10. Surveillance Sell side Buy side Investigators Market Monitoring

  11. Latency Measurement

  12. Latency Graph

  13. What will be the next

  14. Thank you for your attention! Any Questions?

  15. Contact DetailsTony Weeresinghe tony @millenniumit.com tony.w@londonstockexchange.com

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