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ACTIV Financial exposes technology behind TSE Arrowhead offering

First Published 23rd February 2010

Japanese firms employ ACTIV's Market Data Processing Unit to manage TSE's arrowhead data feeds

Timothy Neo, managing director, ACTIV, Asia Pacific:
"ACTIV's TSE co-location provides cross-connects for data and execution and delivers a clear performance improvement for brokers and their customers not constrained by legacy considerations."

ACTIV Financial, the provider of fully managed low-latency market data solutions, has announced that local and international sell-side firms in Japan have deployed ACTIV Market Data Processing Unit (MPU), the company's hardware accelerated market data ticker plant, to manage the recently launched Tokyo Stock Exchange's (TSE) Arrowhead standard and full depth data feeds in Tokyo.

ACTIV MPU is described as the first product to combine Asian regional market data content and technology in a single FPGA-driven service offering. Independent benchmarks conducted with one large Japanese broker measured ACTIV MPU's feed-to-application latency in the low 10s of microseconds at peak market activity, significantly out-performing rival solutions based on legacy software technology. In addition, ACTIV MPU is intended to help customers manage the increased TSE trade volumes associated with Arrowhead, which have already been recorded at 30% higher since the January 4, 2010 launch than the December 2009 daily average.

ACTIV MPU has been deployed both inside and outside of the TSE co-located facility for Arrowhead and other markets. In addition, ACTIV is providing Arrowhead content via cross-connects to customers co-located at its KVH and NTT data centers in Tokyo and via its consolidated feed to customers further afield.

"ACTIV's TSE co-location provides cross-connects for data and execution and delivers a clear performance improvement for brokers and their customers not constrained by legacy considerations," said Timothy Neo, managing director of Asia Pacific for ACTIV. "Our customers appreciate that we're more than just a point solution for TSE Arrowhead. ACTIV feeds multiple Japanese and Asian exchange feeds into the co-lo and onto the same MPU device, and also takes feeds direct from the exchange sources to ensure the fastest access to third party data."