BOSTON, Massachusetts, October 24, 2005âMarket Systems Technology, Inc. (MST), provider of high-performance, low-latency solutions for the financial services industry, today announced the availability of its Market Access ticker processing and Market Data Network messaging middleware systems on iHawkâ¢ server platforms from Concurrent Computer Corporation (NASDAQ: CCUR). The combined solutions leverage Concurrentâs real-time RedHawkâ¢ LinuxÂ® operating system and MSTâs ticker and messaging software to provide integrated ultra-low latency solutions capable of instantaneously processing and distributing financial data directly from any originating source.
Leveraging more than 20 years of ticker and message processing expertise, MST has been able to tune and optimize its products for the iHawk platform to deliver ultra-low latency with linear scalability. Jack Swan, MSTâs President, said, "Our clientsâparticularly those involved in algorithmic tradingâneed to reduce latency as much as possible to gain a competitive advantage. The Concurrent platform provides guaranteed, deterministic response times and eliminates spikes in latency, which are critical for financial services applications. At the same time, these solutions are available on hardware from Intel and AMD and deliver a low total cost of ownership." Both solutions are available immediately, in standalone and hosted configurations.
"The combination of MSTâs ticker and messaging processing solutions and Concurrentâs iHawk systems powered by RedHawk Linux responds head-on to the Financial Services industry need to minimize latency", said Gary Beerman, Director of Worldwide Marketing for Concurrent. "These solutions will enable our customers to more quickly obtain, distribute, and act on real-time data, providing greater opportunity for profit and reducing risk, and will scale to handle the rapidly rising message rates forecast in the industry", Beerman added.
MSTâs Market Access ticker plant can process over 150,000 messages per second of financial market data, from hundreds of sources. Market Data Network messaging middleware can distribute over one million messages per second, supporting thousands of client applications. These highly scalable products provide high performance and reliability at low overall cost. In a standard installation, typical latency for each system is less than one millisecond. With the solutions deployed on Concurrentâs iHawk platform, latency and response time can be reduced and guaranteed.