Spotex Deploys Azul Zing for Consistent Low Latency Trading

SUNNYVALE, CALIFORNIA and JERSEY CITY, NEW JERSEY--(Marketwired - Oct. 16, 2015) - Azul Systems (Azul), the award-winning leader in Java runtime solutions, today announced that Spotex, an innovative Foreign Exchange (FX) Electronic Communication Network (ECN) focused on improving FX trading for both buy and sell-side participants, has deployed Zing® within its trading infrastructure. Zing is Azul's Java Virtual Machine (JVM) designed for Java-based applications and systems that require consistent low latency and high scalability. Since Zing has been integrated into Spotex's infrastructure, Garbage Collection (GC) and other JVM-related pauses have been eradicated.

The Spotex ECN leverages automated trade reconciliation and smart matching routing to create a fair trading environment benefiting FX and metal commodities traders including banks, hedge funds, proprietary firms, asset managers and retail brokers. Prior to using Zing, Spotex was measuring GC and other latencies of 30-50 milliseconds every 10 minutes. By simply replacing the legacy JVM with Zing, Spotex completely eliminated these problematic latency outliers and improved trade execution.

Azul Zing is a unique JVM that provides consistent low latency with high throughput, supports large in-memory datasets without performance penalties, and solves the Java "warm-up" problem. Zing eliminates the operational interruptions and response time outliers often experienced by Java-based trading, risk and compliance applications in the financial services market. Azul's ReadyNow!® technology solves Java's warm-up problem by allowing applications to start fast at the opening bell and stay fast even as market conditions change during the day.

Ritesh Agrawal, CEO of Spotex, said: "At Spotex, we have developed a leading edge technology that is fair, efficient and provides the highest level of integrity. Working with Azul Systems has enabled us to deliver a robust and reliable solution for our clients."

Scott Sellers, CEO and President of Azul Systems, said: "Spotex's decision to run its ECN on Zing highlights why it is so important to use the right JVM for Java applications that require low latency and scalability. Trading is an ultra-competitive market, so using a technology like Zing, which removes the shortcomings of Java such as inconsistent response times and application jitter, quickly and easily gives emerging providers like Spotex a unique advantage."

Request a free evaluation copy of Zing at www.azul.com/trial.

About Azul Systems

@azulsystems

Azul Systems, the industry's only company exclusively focused on Java and the Java Virtual Machine (JVM), builds fully supported, certified standards-compliant Java runtime solutions that help enable the real time business. Zing is a JVM designed for enterprise Java applications and workloads that require any combination of low latency, high transaction rates, large working memory, and/or consistent response times. Zulu is Azul's certified, freely available open source build of OpenJDK with a variety of flexible support options, available in configurations for the enterprise as well as custom and embedded systems. For additional information, visit: www.azul.com.

Azul Systems, the Azul Systems logo, Zulu, Zing and ReadyNow! are registered trademarks. Java and OpenJDK are trademarks of Oracle Corporation and/or its affiliated companies in the United States and other countries. All other trademarks are the property of their respective holders.

About Spotex

Spotex was founded in 2010 by FX industry veterans. The company's goal since inception has been to provide a fast, unbiased and reliable FX exchange to match institutional clients and retail brokers with a central limit order book. The Spotex management team consists of FX professionals who have held senior positions at major financial institutions, ECNs, brokers and banks. For more information about Spotex, please visit: www.spotex.com or email: inquiry@spotex.com.