Beeks Group was selected for latency monitoring of the new Members Exchange (MEMX), following a review of packet capture, latency and analytics solutions for Capital Markets.
“We’re delighted to have successfully implemented the Beeks Analytics solution as a core part of our performance analytics technology stack,” said Dominick Paniscotti, MEMX Chief Technology Officer.
“Beeks’s flexible architecture and solution provided us the ability to handle our required data rates, including microbursts, with scale to support our growth projections. Additionally, the team provided us with the ability to capture the traffic on our systems with zero data loss, along with analysis tools that supported our core engineering effort to achieve a fast, deterministic and fair experience for our clients. Their unique approach offered us the ability to deploy on our own hardware, allowing full control managing the architecture and scaling the solution to meet our performance and capacity objectives”.
“As a client-focused firm, MEMX prides itself in its ability to make new and improved technologies and features available quickly and reliably. The combination of Beeks’s automated market data detection and Advanced Configurable Decoder (ACD) technology helped MEMX rapidly deploy internal platform and protocol updates during the initial launch, as well as monitor and tune the performance of the ‘away-market’ feeds used in our pricing engine. ACD, which takes XML as an input, eliminates the need for a software development and release cycle resulting in shorter time to market.”
During the assessment and evaluation of available solutions for latency measurement and analysis, MEMX focused on two key areas; high fidelity data capture and the ability to provide insights regarding functions critical to the technology stack that are drivers of platform scale and needed to meet the current and future demands of the business.
As a new technology-driven stock exchange, MEMX had no legacy systems to integrate and no pre-conceived bias towards any particular solution. This gave them the freedom to choose the latency monitoring provider that best matched their requirements.
“Having the ability to deliver, deploy, and centralise the analysis solution for both physical and cloud-based deployments,” explains Gordon MacArthur, CEO at Beeks Group, “is key to delivering a scalable and cost-effective offering. It allows for a solution where data can be captured at one, or more than one location, and be sent to a central location for comprehensive analysis thus future proofing the solution stack.”
