The Advantages of Enabling Order Execution in Hardware
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Overview: In order to avoid lost opportunities and customers, sell-side firms need to guarantee the rapid delivery of trade-related messages to avoid lost and late messages through back-office order processing systems. Traditionally, firms have relied on software- and server-based systems to process trades. With the increasing volume of orders, the widespread adoption of algorithmic trading systems and the demand for lower latency, existing systems are not able to keep up with the demand. Solace Systems' hardware messaging solution addresses volume and latency issues and ensures faster messaging and predictable latency. Lower and more predictable latency means faster processing of orders, which improves trading performance for the firm and its customers. This paper identifies the shortcomings of traditional approaches to achieving the guaranteed messaging requirements of order execution and explains the advantages of Solace Systems' innovative solution.