JavaBased Delivery of RealTime Market Data

1
Java-Based Delivery of Real-Time Market Data

• Presentation at
• Re-modeling the Trader Interface? Workshop
• Wall Street on JavaTM Technology
• February 4, 2003

Steve Shum Executive Vice President Sector Data,
LLC
2
Business Issues

• Cost of market data products budgets under
  pressure
• Cost of supporting internal tools user training
  maintenance application upgrades
• Looking to consolidate services with more
  comprehensive tools
• Open platforms capable of integrating internal
  customer data
• Greater mobility in applications
• Overall ease of use

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SectorEngineTM

• 100 pure Java application built on Swing library
  (J2EE J2SE)
• Operates within standard browser window OR as
  stand-alone Java application using Java Web Start
  
• Features, functions, and performance comparable
  to other professional market data products
• In commercial use at over 80 customers, including
  floor traders at Pacific Stock Exchange

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Objective and Requirements

• Cost-effective application for institutional-class
  real-time streaming quotes and analytics
• Streaming watch lists, NASDAQ Level II
  (SuperMontage), Time Sales, charts, news,
  tickers, option analytics
• Multiple real-time components updating
  simultaneously
• Highly flexible and highly customizable user
  interface
• Multi-monitor support
• Professional-level performance
• Small (lt 1MB) initial download
• Complete mobility of user configurations and data
• Seamless software upgrades

5
Client Side

• Thin-client model
• All user configuration settings and data are
  saved on server
• Client serves as GUI interface with essential
  application logic only
• Core logic runs as services on server
• Client accessible from anywhere with Internet
  connection
• Lower cost deployment
• Requires J2SE plug-in v1.4.0 or higher

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Open/Flexible Architecture

• Client workspace provides unlimited customization
  and number of open windows
• Client only limited by (client) hardware capacity
• Rapid development delivering new features
• Open system
• Multiple data sources currently available
• Entire system segmented by specific modules for
  highly flexible client permissions
• Ability to integrate client or other 3rd party
  components
• Clients can provide their own feeds

7
Performance - Issues

• Problem As a high-level language, Java tends to
  consume more memory and CPU resources
  particularly in dynamic applications where
  significant screen updating (repainting) is
  required
• Challenge Make SectorEngine perform as well as
  traditional fat-client applications

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Client Feedback

• Various PCX market makers on the floor as well as
  the upstairs traders have commented
• SE is a much more intuitive and user-friendly
  interface
• Extremely easy to set up and customize
• The flexibility of unlimited windows is a key
  benefit
• Buy-side client feedback
• We needed the ability to login remotely, with
  full functionality. The mobility of the
  application is a key benefit
• The integration of traditional quote features
  along with powerful research features in one
  single system saves time and money

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Thank You!

• www.sectordata.com
• 877-SECTOR2
• Steve Shum
• Executive Vice President
• Sector Data, LLC
• sshum_at_sectordata.com
• 415-782-0454 x151

Sector Data, LLC, is not affiliated with Sector,
Inc., or SIAC