1. The New Trading Platform1 1

2. 2 2

3. Threat to Trading Systems
Market Data
Order Handling
Growing at a rapid pace
Opra Feed 1.2M MPS
Depth of Book over 1.0M MPS
HFT Order Volumes
1m Orders per Second
1 Billion Orders per Day
Regulation
Complex Order Types
Routing
Mid Point Matching
Minimum Execution
Multi Legs
Linked Orders
Multiple Markets
Dark Books
Sweeps 3 3

4. Demand -Trading Systems5 1 4 3 2
Capacity
The Performance of over 100,000 orders per second going to a 1Million per second
The ability to introduce new order types products & services
Flexibility
Multi Asset
One Platform to Trade all Asset classes
Latency
The race to Zero Latency and Predictable Latency
Cost
To achive all the above at very low cost 4 4

5. Trading Architecture 5 5

6. Business Innovation Dynamically
Application
Integration Shell
Technology

7. Order Management gateways
Technology Mapping
Architecture
Exchange Platform
Distributed
Parallel
Matching
Order Management gateways
BID
Dynamic Schema
Validation Rules
Market Data
Market Data gateways
Matching Rules
Market Data Rules
Market Setup
Post Trade gateways
Order Types Rules
Mapping Rules
Market Operations
System Management
Permission Rules
Display Rules
Customer Service
GUI’s
Technology
Performance
Resilience
Serendib (Comms)
Sysguard (FT)
Spatial (GUI)
Orion (Persistence)
Flexibility
Scalability
Implementation
Cost
Modular
Rule Based Testing 7 7

8. Testing Automated 8 8

9. Capital Markets

10. Millennium Exchange

11. Surveillance
Sell side
Buy side
Market Monitoring
Investigators

12. Latency Measurement 12 12

13. Latency Graph 13 13

14. What will be the next 14 14

15. Thank you for your attention!
Any Questions?

16. Contact Details Tony Weeresinghe