With eXtremeDB Database, Spreadbrokers Targets Real-Time Trading

ISSAQUAH, WA--(Marketwire - Mar 27, 2012) - McObject®, provider of the eXtremeDB® In-Memory Database System (IMDS) and related product family, announced that Spreadbrokers, a London-based firm specializing in low-latency technology for financial markets, has become its reseller in the United Kingdom and Europe. Spreadbrokers will target buy-side and sell-side financial organizations, providing integrated solutions with eXtremeDB with the aim of reducing latency and applying techniques for fast data management.

"Data management plays a critical role in the trading cycle, to meet a demand for fast data delivery, precise selection, and fast processing of large data sets, particularly within high frequency trading, portfolio optimization and research," said Russell Dewis, Spreadbrokers principal. "The growing number of trading centers has led to a proliferation of incoming data, driving a need for faster and more efficient handling of this information. eXtremeDB offers a solution at several points within the trade lifecycle where it will accelerate data processing in line with marketplace needs."

McObject developed eXtremeDB from scratch as an in-memory database system (IMDS), eliminating sources of latency such as disk I/O and cache management that are inherent in conventional disk-based database management systems (DBMSs). Additional eXtremeDB features that support unmatched performance include highly optimized programming interfaces, and the ability to run in-process with applications, which eliminates latency imposed by inter-process communication calls that are inherent in the alternative client/server DBMS architecture. As a result, eXtremeDB manages records an order of magnitude faster than traditional DBMSs, and has become an increasingly popular database solution for real-time software, both within and outside financial markets.

In promoting eXtremeDB, Spreadbrokers will focus on applications with stringent demands for real-time database performance, including portfolio optimization, complex event processing and order matching. Such technology requires near-instantaneous analysis of varied data in order to assist traders in making the best trade available, Dewis said. "There is a need for both high availability and latency reduction across the trading space. McObject's eXtremeDB has solutions for both requirements," he said.

In Spreadbrokers, McObject gains a partner with deep expertise in providing technology solutions for capital markets. The Spreadbrokers founders' combined track record includes success in managing and developing both technical and sales channels, resulting in significant new business and revenue growth. Their experience spans the trade cycle from front to back office, encompassing a broad range of technology products, hands-on execution of macro and micro strategies, development of quantitative and algorithmic trade execution approaches, and leading research in areas including forex, fixed income and derivatives for major European corporate asset management firms.

About Spreadbrokers

Spreadbrokers was formed to introduce leading edge technology and resources to the financial markets. Best execution, shifting liquidity and advanced trading techniques have driven the market focus towards efficient and adaptable trading requirements. The resulting high frequency trading calls for reliable and robust technology platforms that are adaptive, scalable and fit for purpose. Spreadbrokers provides reliable solutions to increase performance and create cost efficiencies. With offices in the UK, the firm services European organizations by providing software, hardware, service and personnel assets to develop and refine their real-time systems. For more information see www.spreadbrokers.com.

About McObject

Founded by embedded database and real-time systems experts, McObject offers proven data management technology that makes applications and devices smarter, more reliable and more cost-effective to develop and maintain. McObject counts among its customers industry leaders such NSE.IT, Financial Technologies of India Ltd. (FTIL), BAE Systems, Siemens, Phillips, EADS, JVC, Tyco Thermal Controls, F5 Networks, CA, Motorola and Boeing. McObject, based in Issaquah, WA, is committed to providing innovative technology and first-rate services to customers and partners. The company can be reached at +1-425-888-8505, or visit www.mcobject.com.

McObject and eXtremeDB are registered trademarks of McObject LLC. All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners.