What is it?

AlgoM2 is the next generation in matching engine technology. At 16µs average round trip latency, it is about 8 times faster than the current fastest matching engine (Millennium IT) and around 15 times faster than NASDAQ OMX INET.

What does the market need?

Exchanges and alternative trading platforms require a scalable and adaptable matching engine. Any solution must have a resilient architecture with guaranteed transactional integrity and consistent ultra-low latency at high message volume.

Our solution

To fill the gap between expectation and currently available solutions, AlgoM2 has been designed and built from first principles and free of any legacy design or technology constraints.

Market leading, multi-asset, scalable, ultra-high performance exchange trading platform.

  • Industry’s fastest Exchange matching engine (as verified by CorvilNet™)
  • Client-facing modules are interchangeable, including a Sponsored access client component
  • High compute density with small energy-efficient footprint
  • High Speed binary HFT interface as well as FIX
  • Highly scalable – Supports thousands of simultaneous client connections
  • Ultra-high performance – 320,000 orders/sec per matching engine at rated latency
  • Reliability – Transaction guarantee
  • First mover advantage with rapid production deployment
 

 

AlgoM2 matching engine performance has been Independently tested from outside the exchange firewall by CorvilNet™ and we are happy to share both the methodology and the findings.

  • Average round trip latency of 16μs under load
  • Further reductions in latency are possible based on optimisation
  • Demonstrated sustained throughput of over 300,000 messages per second
  • 99.90% of orders processed in under 20.5μs
  • Order flow consisted of a mix of Immediate-Or-Cancel, Fill-Or-Kill, and Good-Till-Cancel messages with small random timeouts over a universe of 500,000 symbols
  • All orders went through full production checks, including price volatility band validation and risk checking

AlgoM2 Latency Comparison Graph:
Our team and our partners have wide-ranging expertise within hedge funds, buy and sell-side firms as well as electronic trading venues. This enables us to understand and better match our clients' requirements compared to others in this sector when implementing our solution.

Our expertise covers:

  • Product – We designed and built AlgoM2 - we understand why and how it was built
  • Technology – Software, Hardware and Infrastructure
  • Delivery know-how – Implementing Greenfield sites and integration into existing exchange infrastructure
  • Support – Quality technical & business support from initial contact through delivery, implementation, customisation and live running

We work to ensure a first mover advantage for our clients with the rapid production deployment of high-performance technologies capable of demonstrating significant performance benefits.
AlgoM2 Latency Comparison Graph 
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AlgoM2 Key Features Brochure  
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December 14, 2010 - High Frequency Traders
The Case for High Speed Exchange Trading
Hirander Misra, CEO of Algo Technologies on the importance of fast technology at the trading venue level.
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August 25, 2010
PLUS Markets Group selects AlgoData and AlgoSpan; AlgoM2 - fastest matching engine in the world - Heads of Terms signed with PLUS  
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August 2010
The fastest matching engine ever? Hirander Misra, Co-Founder & CEO at Algo Technologies discusses with Tabb Group how his company's matching engine achieves its claimed 16μs latency.

 

April 19, 2010 - The Trade News
Algo Technologies offers two-digit microsecond matching Trading technology provider Algo Technologies has launched AlgoM2, a matching engine for execution venues with a mean roundtrip latency of 16 microseconds.  
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