Technology

Systems built and operated in-house.

Exiorum designs, builds and runs its own trading infrastructure. This page is a summary. Specifics are discussed directly with counterparties and vendors.

Order path

VENUEmarket dataCOLOCATIONdedicated linksGATEWAYtimestampedSTRATEGYin-house modelsRISK GATEpre-trade limits
The path of an order, from market data to a venue and back. Every stage is timestamped and monitored independently.

Connectivity

Colocated and directly connected.

Our systems are colocated at the data centres below and connected to venues over dedicated, redundant links that we manage end to end.

  • [DATA CENTRE 1][REGION]
  • [DATA CENTRE 2][REGION]
  • [DATA CENTRE 3][REGION]

Timing

Measured at every stage.

Every event is timestamped against a disciplined clock, and latency is measured continuously at each stage of the path. The behaviour of the system is known, repeatable and explainable.

Hardware

Specified and tuned for the task.

Critical paths run on hardware we specify and tune ourselves. Where software cannot meet a requirement, the logic is moved into hardware.

Monitoring

Independent of the trading path.

Monitoring, automated limits and kill switches run separately from the systems they supervise. Incidents are reviewed, and the findings are applied to the systems.

Research

One platform from research to production.

Researchers and engineers work on a shared platform, with the same data and tooling in research as in production. Work that succeeds in research is deployed without being rewritten.

Vendor and connectivity enquiries