Product Update: Enhancing FIX Fill Performance
In today’s market volatility, traders face a ‘roller coaster’ of increasing trade volumes and decreasing execution sizes – followed by dramatically higher numbers of fills and Financial Information eXchange (FIX) messages per order. As clients respond to these challenges, Charles River Development offers two solutions to stay ahead: The Charles River Investment Management System (Charles River IMS), offering significant improvements to FIX processing capabilities release upon release; and The Charles River Network, a point-to-point, fully-integrated broker-neutral financial network that helps clients process increased trade volumes while handling hundreds of FIX fills per second.
“FIX performance has steadily increased with each release of Charles River IMS,” said Stephen Engdahl, Director, Product Management, Charles River Development. “Typical FIX processing in Version 7 was roughly 10 fills per second. In Version 8, the introduction of a new FIX engine, coupled with changes to how Charles River IMS handles FIX processing, delivered a ten-fold performance improvement – consistently handling hundreds of fills per second in most real-world environments. Tests in Charles River lab environments suggest that, in certain circumstances, Version 9 may be able to break the 1,000 fills per second barrier.”
Backing up the core FIX processing capabilities of Charles River IMS is the Charles River Network. “The Charles River Network is all about resiliency,” said Ed Fitzpatrick, Director, Network Services, Charles River Development. “Unlike hub-and-spoke models, Charles River’s point-to-point architecture ensures seamless operation, eliminates latency and overhead in processing via a hub, and delivers faster, scalable FIX performance. Our clients leverage an increasing variety of execution tactics and venues for their trading strategies. Charles River’s fully-integrated network gives them the ability to process a greater volume of FIX messages – while avoiding delays and throughput limitations often found in other order management systems and/or networks.”
Since its launch in 2005, the Charles River Network has provided quick and reliable trade execution via FIX to hundreds of trading destinations around the world. More than 100 Charles River IMS clients use the Network to access over 320 tested and certified brokers. More than 90% of new Charles River IMS clients use the network for electronic trading – gaining one-stop service and support for all their FIX and investment management system-related needs. The Charles River Network has more than 3,200 broker-client connections and over 100 new brokers and buy-side connections are added every month.
For more information on the Charles River Network, please contact your relationship manager or Terry Lavigne, Manager, Business Development, +1 781 425 6485 or TerrenceLavigne@crd.com.
[ Back to top ]