expressWay for High-Frequency Trading
High-frequency trading is the primary growth force in the equities market, and the technology infrastructures and applications supporting these strategies can be gating or enabling factors to survival and success. Mantara delivers the ultra-low latency and high-volume execution speeds required by trading organizations employing black-box trading models—propelling them ahead of the cacophony of players pursuing similar strategies.
Solutions for Black-Box Trading Strategies
High-frequency trading and the black-box strategies employed dominate the equities landscape— representing the majority of share volume traded in the U.S. equity markets. Key to these trading strategies is instantaneously processing market prices and routing orders to exchanges, requiring systems designed to both fuel and meet these demands. Few are in a league capable of delivering the ultra-low latency connections and the high-speed execution of large share volumes required. Traders are employing increasingly more complex and automated trading strategies to compete in today’s environment. Technology must not only assist trade execution but provide rapid access to liquidity — demanding a readily deployable solution that provides consistent high-speed market data, high-speed routing to exchanges, and system reliability over the entire trading day. Trading institutions pursuing black-box strategies need look no further, a new breed of solution delivering on this promise is here—expressWay™.
expressWay Delivers:
- Fraction of a millisecond latency within expressWay
- Co-location services
- Real-time risk monitoring
- High-speed integrated market data from Mantara’s ticker plant
- Smart routing
- Flexible APIs
Fueling Mantara’s advanced trading platform, expressWay’s infrastructure is ideally suited to meet the needs of black-box trading. Benefitting from revolutionary advances in computer hardware speed and design, architectural efficiencies achieved through software engineering methodologies and utilizing the most advanced smart routing and execution processes to connect to trade venues, expressWay provides speed-sensitive institutions with fraction of a millisecond transaction latency even with large share volumes. Leveraging the power of the latest technology innovations, expressWay was designed for optimum execution speeds, volume throughput and ultra-low latency, enabling advanced access to pricing and liquidity opportunities. The powerful combination of low-latency network connections, co-location services, real-time risk monitoring tools, a high-speed market data ticker plant and flexible APIs, yield a trusted solution not only exceeding today’s requirements but built anticipating those of the high-frequency trading community well into the future.
Ultra-Low Latency, Required for Black-Box Trading
Unencumbered by legacy applications, expressWay was architecturally and functionally designed from inception to handle the extraordinary message volumes and fraction of millisecond order execution speeds required for high-frequency trading. Leveraging the power and potential of cutting-edge technology it applies parallel processing and in-memory caching methodologies, plus architectural design efficiencies such as multi-threading techniques on multi-core systems. This scaling within ‘the box’ versus between boxes reduces hops across the network, yields ultra-low latency and unsurpassed performance.
Efficient Proximity and Exchange Co-Location Services
High-velocity trading firms looking to further squeeze latencies to a minimum can choose proximity co-location at Mantara’s hosted high-speed, fully-redundant data centers with proximity to exchanges and major market centers, alternatively, Mantara can provide server co-location at major exchanges. Trading through expressWay provides black-box access to a range of trade assets including equities, and equity options—all delivered through a simple, cost-effective ASP solution—providing rapid deployment and offloading in-house system support.
Real-Time Pre-Trade Risk Monitoring with Near-Zero Latency Impact
expressWay provides pre-trade risk control for those who want to restrict ‘naked’ access at the option of the client. This advanced risk management functionality provides the ability to monitor, interact with and alter order flow—in real time. Flexible rules-based parameters enable setting limits across a variety of factors such as dynamic buying power, order types, shares, volumes, gross value, firms, individuals, margin etc. and accept, override or alter when limits are reached or exceeded. This real-time risk management and monitoring provides a valuable tool for minimizing exposure during fluctuating market bursts and high-volume trading conditions.
Extremely Low-Latency Market Data, Supporting High-Speed Trading
Immediate access to market data is the lifeblood of black-box trading. Mantara designed its own high-speed market data ticker plant—to prevent market data from being the weak link in the high-speed trading process. expressWay provides extremely low-latency access to high-quality, normalized market data throughout the day. Whether accessing consolidated feeds or individual feeds, top-of-book or depth-of-book, high-frequency trading firms are turning to expressWay for high-speed access to market data and to help capture liquidity.
Smart Router, Leveraging Client Development of ALGOs
Clients wishing to speed development of their own algorithms can leverage expressWay’s smart routing capabilities. This powerful next-generation smart router empowers traders to quickly access liquidity and pricing advantage across a wide spectrum of market centers.
Flexible APIs
APIs provide black-box access to expressWay’s market data price feeds, order management, and risk monitoring features, without the complexity and cost of building an entire system to support a firm’s algorithmic-driven trading strategies.
The Solution for High-Frequency Trading
Built on proven, fail-safe, fully-redundant technology with an overriding emphasis on integration and substantial scalability, expressWay effortlessly covers today’s volumes, asset classes and venues, and has built-in headroom to accommodate those of the future. Discover why traders are choosing Mantara’s expressWay to fuel their black-box trading strategies.