SREX: Maintaining a Clear Advantage

SREX is the high speed low latency Order and Execution gateway counterpart to our SMDS (Market Data) solution.

Consistent Ultra Low Latency

In process solution delivers messages with latencies between 5 and 15 microseconds per message depending on the underlying exchange protocol. These latencies were calculated on a Intel(R) Xeon(R) CPU X5570, 2.93GHz, dual quad (2x4) hardware. Latencies may vary depending on market conditions and the type of hardware and OS kernel used.

Unified API

We provide a unified Order and Execution API consistent across all exchanges.  Exchange upgrades and changes are transparent to the user and are covered by the licensing agreement. 

Collocation and Proximity Hosting

Our exchange connectivity solution is architected to execute on minimal Hardware footprint.  This makes our solution highly desirable for exchange collocated or proximity hosted applications.

Fast Time to Market 

SR Labs prides itself on a rapid time to market utilizing agile, on-site software development,installation and integration.  The average time to market any new exchange connectivity is 3 weeks.

Cost Effective

SR Labs product suite is competitively priced for a set ofrequired Exchanges.  Optional production support pricing is also available.

Market Coverage

Our coverage includes all of the major North American Exchanges with plans to expand to other exchanges globally. See here for coverage.

SREX: Technology Features

SREX is developed and built entirely in house with no third party dependencies. Cutting edge design and engineering supported by decades ofexperience give SREX users a true competitive edge.

Stateless API

SREX provides a stateless API; it does not maintain anyOrder state. There is no embedded Order Management System (OMS) in SREX.

Session Recovery

SREX supports full session recovery by maintaining sequence number information in a configurable memory mapped file.

Message Enrichment

SREX provides ability to do message enrichment programmatically or via configuration.

Record and Playback Capability

SREX has the capability to record messages (Orders, Cancels,Replaces and Executions) in native exchange format and replay them for the purpose of back testing.

Multi platform Support

SREX is currently supported on Linux and Sun OS using C++ asthe programming language. Plans are underway to provide JAVA as well as support for Windows.