The objective of IPRO 313 is to create a high performance data ticker plant for our sponsor Townsend Analytics which needs to meet or exceed certain performance requirements. Ideally, The the data... Show moreThe objective of IPRO 313 is to create a high performance data ticker plant for our sponsor Townsend Analytics which needs to meet or exceed certain performance requirements. Ideally, The the data ticker plant has to have a sustained optimal throughput of three million price quotes per second – the current industry state of the art - and minimize with minimal latency while maintain specific constraints. Toward this end, the team will create a proof-of-concept data ticker plant that processes real data. The initial system will be used as a baseline on which optimizations to specific components will be made. The ticker plant aggregates streaming data for numerous global financial markets and disseminates the data to thousands of users in real time. The data is used in Townsend Analytics’ RealTick® Execution Management System (EMS), its flagship institutional product for the financial services industry. IPRO 313, Spring, 2008, builds on work done in the previous semester. Last Fall, IPRO 313 conducted background research on the market data systems and outlined a basic design and performance metrics for our system. Our goal with IPRO 313 during the Spring 2008 This semester, we will is to resume system development, implement and work on performance optimize a basic market data ticker systemimprovements, enhanced functionality, and more detailed benchmarks. Using past semester result, research and development, the group will refine the design, prototype development and benchmark testing. The intent is to also provide detailed performance metrics of the system. This will enable future optimizations and algorithmic enhancements to the system in order to increase system throughput while minimizing latency and variance. Show less
