In today’s electronic FX markets, speed is important. As liquidity can deepen or thin in real time, trade orders must be sent immediately to minimize execution risk.
Man Group, an active investment firm with $178 billion under management, was looking for faster and more reliable technology. Specifically, the global hedge fund wanted more control over its functionality and roadmap, as well as predictable, ultra-low latency even under the highest data loads. This could be achieved, amongst other ways, by building a fully fault-tolerant, low-latency messaging layer.
By leveraging Aeron’s open source technology, Man Group was able to build this high-performance messaging layer, gaining the following benefits:
- Improved latency statistics and predictability;
- Higher resilience to spikes of messages and instant recovery in case of failures;
- Future-proofing of its FX execution system; and
- Built-in system resiliency so reporting processes do not interfere with trading.
After a successful rollout, Aeron is in Man Group’s toolkit of approved technologies for projects with low-latency requirements. Man Group’s technology team subsequently integrated Aeron technology into an equities and futures trading platform for communication signals to algo execution engines.
Access the full case study, including architecture and latency profiles, here.
This article was first published on sister publication Traders Magazine
