xCelor – CHICAGO –  xCelor, a leading provider of low-latency trading solutions, has announced its latest product, the iXPM Symbol Switch^™ at FIA 2016. The iXPM with embedded deep packet inspection (DPI) technology leverages xCelor’s existing portfolio of Layer 1 switches including the XPM, XPM3 along with its market data feed handlers.  The iXPM enables customers to customize each port’s protocol and format for their specific set of symbols into various multicast groups. Additionally, this ultra-low latency switch reduces bandwidth right at the source — providing the lowest latency and determinism throughout the trading network.

“As we expand our global exchange connectivity footprint, we are constantly seeking complimentary products that help reduce end-to-end execution times, expand our feature set, decrease bandwidth requirements and ultimately, provide more value to our clients,” said Mike Persico, CEO of Anova Technologies. “To that end, xCelor’s Symbol Switch with embedded deep packet inspection more than meets these requirements.  It allows us to completely customize market data offerings on a client-by-client basis, which also results in lower latency and lessened throughput requirements. Truly a remarkable platform.”

As the industry’s first symbol switch, the iXPM enables customized market data feeds with DPI technology at the core of its Layer 1 switch to focus solely on providing an ultra-low latency solution to latency-sensitive traders. Features include:

·        Low-bandwidth, customized feeds: Filters a majority of unwanted symbols at the source as well as independently on each of its 32 ports.  This reduces bandwidth and jitter — the largest component of overall latency throughout the network.

·        One switch connects to 32 trading servers: Up to 32 trading servers can trade with just one low-latency switch hop away from the exchange. iXPM Symbol Switch along with XPM can support hundreds of servers thereby collapsing the network— increasing ROI and reducing overall costs.

·        Rapid adoption (with zero integration development): Configure the iXPM switch to your choice of standard protocols independently on each port making adoption faster without software development. xCelor also provides its own format (with book building) that removes need to re-parse — further reducing latency.

·        Reduced network complexity: Each port’s reduced symbol set can be further channelized into multicasted groups at the source — allowing the channels to end up at the destination without further parsing.

“The iXPM launch is the springboard into our next-generation of switches.  This offers an unprecedented level of flexibility and per-port customization for today’s low-latency trading networks,” states Vijay K. Aggarwal, CEO of xCelor. “We are seeing a demand for end-to-end networking solutions beyond the traditional Layer 2 and Layer 3 switches and integrating DPI technology into our portfolio addresses these challenges our customers face.”

“By partnering and integrating with xCelor, our customers can upgrade their hardware and, by using the same Bellport API, benefit from lower latency and less variability,” said Patrick Flannery, co-founder and CEO at MayStreet, the market access and data analytics software firm exhibiting at FIA 2016 in the Innovators Pavilion.  “Given the current and continually growing volume of data, the use case of filtering in hardware before delivering to the application addresses a rather significant challenge – variability under load.”  

To learn more about Symbol Switch, visit xCelor booth 117 at FIA.