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OCI has experience at combining all these finance oriented open source technologies into high performance trading systems. All exchanges require some tailoring of standard trading and market data protocols to conform to their particular set of session management rules.
OCI has migrated clients from older exchange protocols and proprietary FIX engines to dramatically reduce trading costs, and improve throughput. OCI's architectural approach with a FIX Exchange Adaptor (FEA), and the use of exchange gateways, helps with the transition stage, subsequent migration, and by exploiting an "exchange strategy" offer easy accomodation of FIX extensions by the various exchanges.
OCI has succesfully dealt with, and understands, the many FIX and FAST dialects offered by the exchanges. The exchange adaptor acts as shock absorber masking changes from either your systems side, or the exchanges side, of the equation. Each FEA is unique to a client's circumstances. However OCI is experienced with many exchanges and how they interpret FIX. That minimizes the cost and time to implement.
In the last few years OCI has assisted clients in connecting to the six US options exchanges: PCoast, Amex, Philadelphia, Boston, ISE, CBOE, plus CME, Currenex, ICE, HotSpot and Montreal. Recently because of the CBOE/CME merger we have also done Globex migration and certifications.
We recently designed and implemented an Ouch engine for NASDAQ trading.
We have also helped clients connect via providers such as Goldman, Onyx, and Morgan Stanley.
This last year we have been very active in assisting users with migrating and certifying their systems for FAST use. Especially with the market leader, Globex. Our most recent activities were on NYSE ARCA. By tuning QuickFAST to the specific message characteristics of ARCA we were able realize substantial performance gains.
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