Daiwa Capital Markets has selected GigaSpaces' eXtreme Application Platform (XAP) to support its electronic trading infrastructure for use in the Asia Pacific region.
GigaSpaces claims that XAP can deliver end-to-end transactions in less than five milliseconds.
XAP will serve as the underlying infrastructure to connect all facets of Daiwa’s transactional system. XAP’s use of open frameworks and standards will enable Daiwa to implement its transactional system on top of XAP with minimal vendor lock in.
Daiwa Electronic Trading Technology head Del Abdullah said that the company considered many points when evaluating different technologies as a core for its infrastructure.
“Upon reviewing the proof of concept, we saw that XAP would get us up and running quickly, while meeting and exceeding our long-term operational requirements in the electronic trading space,” Abdullah said.