SOURCE: Azul Systems

Azul Systems

March 11, 2014 06:00 ET

Cinnober to Include Azul's Innovative Zing Runtime in TRADExpress

Sets New Standards in Predictable Response Time in Java Systems for Trading and Clearing

STOCKHOLM, SWEDEN and SUNNYVALE, CA--(Marketwired - Mar 11, 2014) - Cinnober and Azul Systems Inc., the award-winning leader in Java runtime scalability, today announced a partnership under which Cinnober will offer Zing, Azul's high performance runtime for Java, with its TRADExpress solutions.

By including Zing, Cinnober improves overall response time predictability in its trading, clearing and risk management solutions. It will also result in greatly reduced JVM tuning requirements, which enables faster deliveries of new capabilities.

Collaboration with cutting-edge partners such as Azul is considered an important part of Cinnober's own research and development. Implementing Zing complements the Swedish company's innovation with orchestrated memory management, achieving pause-free execution in servers that are critical for low response times.

"Our TRADExpress Ultra technology already enables trading and clearing systems with consistent response times and the lowest latency available, at single-digit microseconds," says Veronica Augustsson, CEO of Cinnober. "Now Azul's supplementary real-time JVM can provide every one of our offerings with consistent response time. Zing is an outstanding JVM with regard to predictability in the demanding domain of financial IT. We look forward to working together with Azul on further developing Java for financial IT -- improving latency and adding features, functionality and add-ons faster to build competitive advantages."

Cinnober's solutions benefit from Java's speed and flexibility as well as its rich feature set and its ability to enhance developer productivity. With Zing, Cinnober's customers can eliminate latency outliers and deliver smooth scalability as order rates, in-memory data set sizes or user loads grow. Developers can also utilize all available Java libraries and functions.

Scott Sellers, Azul Systems President and CEO, says: "Competition in capital markets is fierce today and Zing is the only JVM that solves long-standing Java performance and operational issues like persistent latency outliers, Java's 'warm-up' problems, and burdensome tuning requirements. Cinnober's choice illustrates why Zing has become the new performance standard for Java-based applications within the financial sector."

Zing can be implemented with TRADExpress solutions simply by replacing a system's current JVM -- without recompiling or re-architecting. This allows the system to meet the most stringent service level agreements with regard to predictability and eliminating latency outliers.

About Azul Systems, Inc
Azul Systems (Azul) is an award-winning provider of Java for the enterprise. Based in Sunnyvale, Calif., Azul has been delivering Java solutions for more than 10 years. The company has deep domain knowledge in Java runtimes, low-latency applications, elastic memory, Pauseless Java Garbage Collection and runtime resource monitoring. Azul is also a member of the Executive Committee of the Java Community Process (JCP.) Azul's enterprise products enable organizations to simplify their Java-based operations while achieving lower peak latencies, improved scalability and throughput, greater response time consistency and dramatically improved development and operating costs. For additional information, visit: http://www.azulsystems.com.

About Cinnober Financial Technology AB
Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober's solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Cinnober's customers include BM&FBOVESPA, Deutsche Börse, Dubai Gold & Commodities Exchange, Eurex, London Metal Exchange, LME Clear, Markit BOAT, MarkitSERV, NYSE Liffe and Stock Exchange of Thailand. For additional information, please visit www.cinnober.com

Contact Information

  • For further information, please contact
    Fredrik Backlund
    Head of Corporate Communications
    Cinnober Financial Technology
    Tel. +46-(0)73 403 12 39
    fredrik.backlund@cinnober.com

    Howard Green
    VP Marketing
    Azul Systems
    Tel. +1 (650) 230-6616
    hgreen@azulsystems.com