Aspeed Software is the first of Intel’s financial markets software partners to publish performance figures leveraging  the Xeon 5400 chip. Benchmarking a single-threaded options pricing application, Aspeed reports that a 5400-based system delivers a 2.2-fold run time reduction while consuming just 13 percent more power, when compared to a Xeon 5100-based system.

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PROVING GROUND FOR FASTER TRADING HARDWARE AND SOFTWARE YIELDS FIRST RESULTS, OFFERS PROSPECT OF FURTHER GAINS

London, United Kingdom, Nov 14, 2007 – The quest for greater speed and lower latency trading in the financial services sector is set for a major boost due to a new initiative from Intel® Solution Services, the Intel Low Latency Trading lab. Using non-proprietary, standards-based technologies is already known to reduce maintenance and integration costs. However, solutions architects at Intel’s Low Latency Lab in London, have shown that optimising financial messaging for Intel server technologies such as Intel® I/O Acceleration Technology 2 (Intel I/OAT2) is also capable of delivering greater trading performance on major financial messaging technologies including Options Price Reporting Authority (OPRA) feed, Financial Information eXchange (FIX) Protocol Limited’s FAST data compression and the Advanced Message Queuing Protocol (AMQP) protocol over TCP/IP for message transport.

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With the global equities and options markets producing an average of more than 7 billion messages a day in 2007, rising to more than 128 billion by 2010 according to estimates from TABB Group, the financial markets research and consulting firm, fast, robust and reliable delivery should become even more critical to the success of buy-side and sell-side institutions. While reducing latencies is now a necessity, legacy-messaging middleware has not kept pace, driving the move to newer, sub-millisecond solutions.

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Intel has joined the The Securities Technology Analysis Center (STAC) Benchmark Council and has entered into a multi-year lab agreement with STAC as an innovation sponsor.  The agreement builds upon a benchmarking relationship that Intel established with STAC over a year ago.

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fasterFS events crossed the Atlantic on Wednesday 14 November 2007 with the first event in Manhattan. This podcast covers an enlightening discussion that traverses the technical and business drivers of today’s trading environment, from the low latency arms race to the changing landscape of the trade life cycle.

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The revolutionary Xeon 5400 chip - the first based on its Penryn technology - was announced yesterday  to power servers that will deliver significant performance and power consumption benefits across a wide range of low latency financial applications, including risk analytics, market datafeed handling and transactional execution systems.

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Intel multi-core processors are delivering remarkable improvements in performance and scalability - revolutionizing the way applications are built and leading to a demand for new skill-sets in the software developer and architect communities. Leading financial applications, particularly in the demanding high-performance areas of trading and risk are driving this demand in the financial services industry.

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