eXtremeDB Financial Edition gets new v7.1 release to improve speed and compliance
Posted: 2 February 2017 | McObject | No comments yet
McObject’s eXtremeDB Financial Edition gets an upgrade, bringing new feed handlers, SSL data encryption and faster, more efficient database backups.
McObject, developer of the database system for real-time and historical data analysis, will release a new version of its eXtremeDB Financial Edition database management system.
The new release, v.7.1, includes built-in feed handlers for Thomson Reuters and Vela, along with four times faster data loading for large volumes of tick data, facilitating rapid and easy development for risk and quant modelling.
Steve Graves, CEO and co-founder of McObject, says: “We’ve already set the bar for performance and have worked hard to make the new version even faster and more efficient. The changes are focused on the global financial markets and geared towards reducing the time it takes to load and analyze data. Clients particularly value this for risk management, and of course it helps them meet regulatory requirements such as MiFID II and FRTB, both of which demand storage and fast analysis of vast volumes of data.” He continues: “We intend to bring out more industry-standard feed handlers in due course, which will give our clients even more flexibility.”
Plug and play Thomson Reuters and Vela feed handlers mean that data loading is seamless, enabling clients to ingest market data feeds into their databases quickly and efficiently. Clients are now also able to build their own data loaders very quickly. v7.1 also sees improvements to the database’s SQL engine meaning it’s now quicker and easier to query the eXtremeDB database using the industry-standard query language, which is useful for quants, for example, allowing them to focus on analytics, rather than on syntactic detail and workarounds.
Also new for eXtremeDB Financial Edition is shard-per-thread, an efficient and simpler method of scaling on a multi-core server. eXtremeDB also scales efficiently across multiple physical and virtual servers.
With tick databases constantly increasing in size, a complete backup/restore can be very time consuming, which is why v.7.1 is able to automatically detect the changes in a database, and only backs those up, hence speeding up the process. This enhancement dramatically improves the operational efficiency of eXtremeDB.
Encrypted communication over the network for secure data transmission is also now available between any two eXtremeDB components (e.g. client, server, master, standby, or cluster node). The latest version supports encryption of data in transit as well as data at rest.
Graves adds: “McObject always uses industry-standard programming languages, so our clients require no special training and can start using our database very quickly.”