Arcontech adds 'calculation engine' to CityVision suite

Arcontech, a real-time market data software developer, has enhanced its CityVision software suite with a new module, the CityVision Calculation Engine (CCE).
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Arcontech, a real-time market data software developer, has enhanced its CityVision software suite with a new module, the CityVision Calculation Engine (CCE).

The CCE enables calculations to be done on data coming from a range of sources including data feeds and spreadsheets. The 'derived' data is published in real-time on many destinations including trading systems, third party systems like Microsoft Excel and Reuters RMDS, and data re-distributors like Reuters and Bloomberg.

The CCE is capable of thousands of transformations per second, operating in real-time with low latency, says the firm. CCE provides Application Programming Interface (API) support for both pricing and 'status', according to Arcontech. Early users have reported speed improvement over existing systems of approximately 30ms.

"This is an important addition to our CityVision suite, particularly in support of pricing for on-line trading, such as our recently announced AXE trading system," remarks Andrew Miller, managing director, Arcontech.

"It also has value in MiFID best execution and market monitoring scenarios, as it handles multiple sources and can be programmed according to individual execution policies. Its modular approach means that functionality can be added without the need to rebuild, speeding up development cycles and improving reliability," he explains.

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