TransFICC completes Aeron messaging enhancement for clients 

The dedicated enhancement was sponsored by TransFICC to improve client server utilisation.  

Fixed income and derivatives venue connectivity specialist TransFICC has enhanced the Aeron messaging platform to improve server utilisation for its clients.   

The enhancements, developed by the founder of Real Logic, Martin Thompson, allow for clustering on fewer machines which enables faster messaging. 

The Aeron platform is designed for the cloud or deployed servers and can manage over one million messages a second on a single thread, said TransFICC.

TransFICC said that the tracking of data required in fixed income electronic trading on request for quote functionalities (RFQ) and the number of clients being quoted mean dealers’ systems have to manage a huge amount of data.  

 “Aeron has a clear focus on speed, reliability, and transparency. Where many messaging products are a Swiss army knife; Aeron is a scalpel. This enhancement increases Aeron’s server utilisation, enabling firms to operate using fewer machines,” said Thompson.  

In benchmark tests, Aeron beats all open source messaging systems, for example, is has 20 times lower latency than Kafka. Equally important, we have made this version of Aeron available as open source, as we continue to collaborate with the industry.” 

 TransFICC confirmed that it had sponsored this platform enhancement to enable clustering to improve speed and client server utilisation.  

“We believe that Aeron is the best technology for Fixed Income trading and these clustering enhancements further improve performance and reliability, enabling firms to use up to ten times less hardware than legacy Fixed Income trading systems,” said co-founder of TransFICCJudd Gaddie“Our solution helps clients to manage diverse workflows and to connect to multiple venues, whilst also supporting ordering, reliability, and flow control.” 

In April, TransFICC secured £5.75 million in a funding round which included HSBC and ING, as it confirmed its plans to roll out a buy-side version of its flagship API platform.