SMDS Direct Feed Handler

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

In today’s competitive market, algorithmic trading firms must move closer to the exchange to reduce latency. Members must adapt their existing trading strategies to high speed, low latency co-located environments offered by exchanges to remain competitive. With this efficiency in processing comes a low hardware footprint that reduces cost and operational overhead.

SMDS is Vela's flagship direct market data feed handling software, which normalizes market data from trading destinations globally through a single API. SMDS can be setup to run in-process for an application needing the lowest latency, or in distribution mode to service more than one application. Both modes use the same unified API.

Key Features

  • A complete solution
  • Reduces jitter and maximises speed
  • Supports multiple operating systems & languages
  • Unifed API
  • Facilitates Back Testing & Tick Data Storage

Key Benefits

Consistent Ultra Low Latency

SMDS can be operated in two modes—in process and distribution. The in process solution delivers messages with latencies between 5 and 8 microseconds per message depending on feed. This includes the time for ingress of the packet at the NIC level using Kernel bypass.

Cost of Ownership

Leveraging Vela's cost effective and highly commoditised SMDS software will typically return a significant cost saving and free up internal resources to focus on the core business.

Time to Market

An SMDS feed handler has a rapid time to market utilizing agile, on-site software development, installation and integration. The average time to market is three weeks.

Support

Vela prides itself on continually setting high standards of product and technical support. Vela operates a “follow the sun” support model with hubs in Belfast, London, Manila, Pune and New York, which ensures subject matter experts are always available and production impacting issues can be worked on around the clock until resolved.

EDC Management

Vela's client support team is continually monitoring and updating our existing feed handler solutions to support the high volume of exchange driven changes (EDCs) often at very short notice. In fact, during 2016, we have assessed the impact of almost 400 updates and have supported more than 120 exchange-driven software updates.

Product/Service details

Geographic Availability
Europe, Middle East, North America