Zivlyn Systems selects RTI’s low-latency messaging for next-generation order book system

Real-Time Innovations (RTI), The Real-Time Middleware Experts, and Zivlyn Systems LLC, a consulting company that specializes in providing custom technology solutions to financial institutions, announced today a partnership to develop a next-generation trading system based on RTI middleware. Responding to the surge in market volume, Zivlyn and RTI designed the new system to provide a highly-scaleable, ultra-low latency solution to replace legacy (1990s) systems. The new architecture scales well for automated and high-performance trading in very large networks.

The new Zivlyn Trading System, code-named “Riptide”, is a paradigm shift in the traditional client-server design. Legacy systems use concentrated sockets as
middleware, so the more traders you have, the more servers you need. Riptide breaks
this scalability threshold by incorporating RTI’s durable publish-subscribe model with a new request-response mechanism that extends the capabilities of a traditional data distribution system. In this way, a system can operate with lower latency at a fraction of the hardware footprint of most traditional trading platform back-ends. Also, a full suite of feed handlers will be available for NYSE and NASDAQ data feeds when the product releases.

Barnett added, “Zivlyn has utilized the most advanced capabilities of RTI, including partitioning of data by symbol and by exchange, and leveraging built-in local caching. In addition, by leveraging RTI engineering services, the Zivlyn team was able to quickly integrate the RTI product set and focus on implementing core trading functionality."

Real-Time Innovations (RTI)