McObject, provider of database management system (DBMS) software for trading and other capital markets applications, announced that Shenzhen Kingdom Technology Co. Ltd., the largest financial securities software developer and systems integrator in China's domestic market, has deployed new order execution system products incorporating McObject’s eXtremeDB DBMS.
Based on its present dominant market share, Shenzhen Kingdom expects 40% of professional traders in China to adopt the new VIP Quick Order and VIP Stock Options within two years, Shenzhen Kingdom Chief Architect Guiquan Zhong said.
Shenzhen Kingdom developed the new order execution systems to meet growing demand for trading speed and throughput, brought about in part by the rise of automated trading. Existing trading systems incorporated on-disk DBMS technology, which imposed disk and file I/O that limited the systems’ performance to 3,000 trades per second. On-disk DBMSs, which still make up the vast majority of database systems used by corporations, are premised on persistent storage.
In contrast, in-memory database systems (IMDSs) work with data entirely in main memory – they never go to disk. Shenzhen Kingdom’s use of eXtremeDB’s IMDS capability enables the new order management systems to process as many as 38,000 trades/second, the company said.
Shenzhen Kingdom relied on eXtremeDB’s SQL interface in developing the new trading systems. McObject’s DBMS supports database access in multiple languages, including C, C# and Java. Use of its high-performance SQL implementation shortened Shenzhen Kingdom’s development cycle and matched the deepest pool of available developer skills and experience.
The new VIP Quick Order and VIP Stock Options technology also leverages eXtremeDB’s Data Relay feature. Data Relay simplifies the code that “looks inside” the database system’s transaction buffer to identify changes that should be relayed to external systems such as enterprise DBMSs, and accelerates performance by eliminating the CPU-intensive task of monitoring the database itself for this activity. Shenzhen Kingdom’s order management systems use Data Relay to provide persistent records of selected trading activity and prevent data loss in the event of disaster, as required by regulation.
Shenzhen Kingdom Chief Architect Guiquan Zhong said, “After introducing the eXtremeDB real-time in memory database in the VIP Quick Order and and VIP Stock Options systems, we can meet the demands for low latency, high performance and stability from customers.”
“McObject’s eXtremeDB database system solves the mismatch between trading systems’ need for speed and high throughput in processing market data, and traditional DBMSs’ inherent limitations. We are proud that our database system will help Shenzhen Kingdom in enabling world-class trading performance by so many professional traders in China’s dynamic capital markets,” said Husen Tu, vice president of McObject’s Asia – Pacific group.
The VIP Quick Order and Stock Options systems are now used on the Shanghai Stock Exchange (both A and B shares), with roll-out planned soon on the Shenzhen Stock Exchange. Shenzhen Kingdom also plans to use its technology platform incorporating eXtremeDB as the foundation for additional capital market systems such as risk management, the company said.