SUNNYVALE, CA—September 14, 2009—Real-Time Innovations (RTI), The Real-Time Middleware Experts, and Collaborative Software Initiative (CSI), the company that applies collaborative methodologies to building and delivering software products at a fraction of the cost of traditional methods, are teaming to offer an ultra high-performance, standards-based solution for market-data distribution. The companies paired extremely high-performance RTI Data Distribution Service middleware with low-latency CSI Feed Handler. The combination is open, modular, and easy to deploy, while delivering ultra low-latency performance.
"The collaboration between RTI and CSI offers a flexible and maintainable alternative to proprietary feed handler products without compromising performance," said Richard Reichgut, director of financial services, CSI.
RTI and CSI offer a standardized market-data platform with superior performance.
RTI's peer-to-peer middleware avoids servers, daemons and extra network hops. CSI handles the highest volume feeds like OPRA, ARCA and ITCH. The combination removes critical latency from the front end of the trading system.
RTI and CSI leverage the leading standards-based solution for distributing market data, the Open Market Data (OMD) architecture. OMD was developed collaboratively by financial institutions, technology providers, service providers and middleware vendors. RTI and CSI collaborated to develop a Feed Handler plug-in for OMD that uses the standard Data Distribution Service (DDS) application programming interface (API) to enable very rapid integration and deployment of market-data platforms. This plug-in offers a powerful, standardized configuration to adapt systems to demanding requirements such as scaling, customized reliability, performance tuning and application fusion, all while delivering minimum latency.
The power of open standards is fully realized when integrating with the rest of the trading system. Another open API in the OMD architecture, Market Data Abstraction Layer (MDAL) provides a standardized way for an application to access market data, while the use of DDS enables distribution of market data to SQL databases, Complex Event Processing, data recording applications, and even Microsoft Excel spreadsheet software — all by simply embracing open standards.
"The quest for the fastest technology to deliver price data from exchanges to trading algorithms and traders continues, but years of focusing on performance with little concern for long-term maintenance have finally caught up with many financial services firms," said Sumeet Shendrikar, director of technology, Financial Services for RTI. "Operational risk and deployment costs have become significant factors when selecting technology. With budgets becoming tighter, time-to-deployment cannot be sacrificed by spending cycles on the complex integration of proprietary interfaces. CSI Feed Handlers paired with RTI Data Distribution Service reconcile both needs: relentless improvements in performance and latency, and the ability to integrate and maintain the system in the long run."
RTI Data Distribution Service is a high-performance messaging infrastructure for real-time, market-data delivery. It meets the demanding requirements of mission-critical systems, including deterministic performance, low latency, high throughput and full fault tolerance. The solution's loosely coupled integration approach slashes long-term software maintenance costs by enabling quick development, simple system administration and hot-swap maintenance. Financial systems built with RTI's deterministic middleware outperform other designs when it counts most during heavy trading.
Proven by hundreds of mission-critical applications, RTI Data Distribution Service provides a standard API that complies with the Object Management Group (OMG) Data Distribution Service for Real-Time Systems (DDS) specification. DDS is the leading international standard for high-performance real-time application integration. RTI also natively supports the Real-Time Publish-Subscribe (RTPS) wire protocol for peer-to-peer interoperability with other DDS implementations. RTI is the world's leading supplier of DDS-related software and services.
Collaborative Software Initiative (CSI) (www.csinitiative.com) was founded in 2007 by Stuart Cohen, a veteran IT executive and former chief executive officer at the Open Source Development Labs. CSI introduces a market-changing process that applies collaborative methodologies to building and delivering software at a fraction of the cost of traditional methods.
CSI engages the power of community to build project teams to provide the central management function for developing software collaboratively and delivers high value enterprise software at a lower cost. CSI offers the software to a broader base of customers under the open source licensing or Software as a Service (SaaS) models with commercial support.
Real-Time Innovations (RTI) provides high-performance messaging and integration infrastructure for distributed real-time applications. RTI is the leader in the rapidly-growing market for Data Distribution Service (DDS) compliant middleware. A broad range of industries leverage the company's software and design expertise, including defense, intelligence, simulation, industrial control, power generation, transportation, finance, medical, and communications. Founded in 1991, RTI is privately held and headquartered in Sunnyvale, CA. For more information, please visit www.rti.com.
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