LMAX Exchange chooses Azul Systems’ Innovative Zing to further optimise execution performance
LONDON, UK, and SUNNYVALE, Calif., April 8, 2013 – LMAX Exchange, the leading FSA regulated MTF for FX, announced today a strategic partnership with Azul Systems, the leading Java solution provider for applications requiring low latency and scalability. LMAX Exchange will use Azul’s Zing™ Java Virtual Machine (JVM) for continuous performance optimisation of its low latency execution venue.
As the award-winning LMAX Exchange continues its rapid growth, it will use the innovative Zing JVM as a technological foundation to deliver consistently reliable performance, high throughput and low latency execution.
Furthermore, both companies will collaborate at a deep engineering level to continuously optimise the low-latency performance of Azul’s Java solutions.
Azul’s Zing is a 100% Java-compatible high performance JVM, known to deliver low latency and also to support large in-memory datasets without performance penalty. In essence, Zing eliminates operational interruptions, response time outliers and the scalability limits of Java-based trading and other financial services applications. LMAX Exchange will benefit from Zing without having to make any changes to its unique trading software architecture, approach to software development or its advanced continuous delivery process.
Edward McDaid, CIO at LMAX Exchange, said: “LMAX Exchange is already one of the fastest execution venues for FX and our deep technological collaboration with Azul will help to ensure we continue to deliver even faster and more consistent execution for our clients in the future.”
Scott Sellers, president and CEO of Azul Systems, said, “We’ve seen time and time again that if you are using a conventional JVM, you will not be able to deliver consistent ultra-low latency with high scalability. We provide a fast, reliable and proven solution which ensures execution venues, risk analysis engines, messaging infrastructure, and a myriad of other low-latency applications benefit from consistency and reliability of execution and improved service availability — even under demanding and unpredictable loads. Our Zing JVM enables financial institutions like LMAX Exchange to seamlessly grow transaction volumes and meet ever stricter SLAs.”
The two companies are planning to publish a series of white papers summarising the results of their technical collaboration, including any business and performance benefits achieved.
For further information please contact:
LMAX Exchange (London):
Barbara Pozdorovkina T: +44 20 3192 2510 E: [email protected]
About LMAX Exchange
LMAX Exchange Group is a dynamic, visionary and award-winning financial technology company. Recognised as one of the UK’s fastest growing technology firms, LMAX Exchange is leading the transformation of the global FX industry to transparent, fair, precise and consistent execution. Operating one global marketplace for trading FX, metals, indices and commodities, LMAX Exchange delivers open access, transparency and a level playing field to all market participants.
LMAX Exchange Group offers all clients the ability to trade on LMAX Exchange central limit order book, driven by streaming no ‘last look’ limit-order liquidity from top tier banks and non-bank financial institutions. Servicing funds, banks, brokerages, asset managers and proprietary trading firms, LMAX Exchange offers an anonymous, regulated, rules-based trading environment, order execution in strict price/time priority, and access to real-time streaming market and trade data, enabling all market participants to control execution quality and total trading costs.
Offering a comprehensive range of instruments and ultra-low latency execution, LMAX Exchange operates a global FX exchange infrastructure with matching engines in London, New York and Tokyo.
LMAX Exchange - a unique vision for global FX.
Financial technology awards:
2017 Best FX Trading Venue - (ECN/MTF) – Fund Technology and WSL Awards more
2016 Best Trading & Execution Technology – HFM US Technology Awards more
2013 Best Overall Testing Project – The European Software Testing Awards more
2011 Best Trading System – Financial Sector Technology Awards more
FX industry awards:
2018, 2017, 2013 Best Execution Venue – Forex Magnates Awards more
2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – WSL Awards more
2017, 2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awardsmore
Business growth awards:
2016, 2015 Winner – Deloitte UK Technology Fast 50 more
2016, 2015 Winner – Deloitte EMEA Technology Fast 500 more
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more
LMAX Exchange Group is the holding company of LMAX Limited and LMAX Broker Limited.
LMAX Exchange is a trading name of LMAX Limited, which operates a multilateral trading facility, authorised and regulated by the Financial Conduct Authority (firm reference number 509778) and is a company registered in England and Wales (number 6505809).
LMAX Global is a trading name of LMAX Broker Limited which is authorised and regulated by the Financial Conduct Authority (firm reference number 783200) and is a company registered in England and Wales (number 10819525).
About Azul Systems
Azul Systems delivers high-performance and elastic Java solutions with unsurpassed scalability, manageability and production-time visibility. Designed and optimized for x86 servers and enterprise-class workloads, Azul’s Zing JVM is the only Java runtime that supports highly consistent and pauseless execution for throughput-intensive and QoS-sensitive Big Data applications. Azul’s enhanced Java technologies also enable organisations to simplify Java-based operations by deploying fewer instances while achieving lower average latencies, greater response time consistency and dramatically improved operating costs. www.azulsystems.com