Red Hat, HP, Intel and Reuters Enable Financial Services To Leap Ahead With 1.8 Million Real-Time Market Data Updates Per Second on RMDS 6.0

Red Hat, HP, Intel and Reuters Enable Financial Services To Leap Ahead With 1.8 Million Real-Time Market Data Updates Per Second on RMDS 6.0

Red Hat (NASDAQ: RHAT), the world’s leading provider of open source solutions to the enterprise, today announced business-changing throughput and latency performance numbers for Reuters Market Data System (RMDS) 6.0. In recent performance tests conducted by Technology Business Development Corporation (tbdCorp), RMDS 6.0 surpassed previous benchmarks and demonstrated its ability to leverage the power and performance of Red Hat Enterprise Linux running on the Dual-Core Intel Xeon processor-based HP ProLiant DL380 server. Now Reuters can consistently push out the ever-expanding volume of market data at more than 1.8 million updates per second.

“We are thrilled to work closely with Reuters, HP and Intel as we deliver such impressive performance numbers to the financial industry,” said Tim Yeaton, Senior Vice President of Worldwide Marketing and General Manager of Enterprise Products, Red Hat. “By continuing our work with these industry leaders, we will ensure that Reuters Market Data System (RMDS) 6.0 on Red Hat Enterprise Linux continues to provide the stability, performance and value that our customers expect from us.”

Algorithmic trading is a race as the financial services industry tries to develop sophisticated strategies and then beat the competition by capturing, analyzing and acting on information as it appears. The quicker the systems, the better trading desks will perform. This increasingly prevalent form of securities trading is radically changing the market data business through dramatic growth in volume, forcing data providers to focus on extremely low market data latency at extremely high message volumes.

“After running some exploratory tests of Reuters Market Data System (RMDS) 6.0 on the latest Intel Xeon processors using Red Hat Enterprise Linux 4, I was very impressed with the results,” said Peter Lankford, President, Technology Business Development Corporation. “We have now run the complete suite of official Reuters benchmark tests on a two-socket system from HP. In the most extreme benchmark of RMDS fanout, a basic RMDS configuration consistently pushed out over 1.8 million updates per second, and preliminary tests on a configuration designed to exploit multiple cores exceeded 3 million updates per second. In terms of latency, we saw sub-millisecond response times at up to 300,000 updates per second. Securities firms are going to find this new system very helpful in dealing with today’s real-time data management challenges.”

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