Adaptive Wins World’s Best Low-Latency FX Solution at Euromoney Awards 2024

We are thrilled to announce that Adaptive has been awarded the prestigious title of “Best Low Latency FX Solution” at the Euromoney FX Awards 2024. This accolade is a testament to our relentless pursuit of excellence in delivering cutting-edge FX trading technology solutions that empower clients to thrive in the fast-paced world of foreign exchange.

Why we won: A deep dive into our award-winning FX trading technology

1. Technological excellence in FX trading solutions

At the heart of our success is our innovative use of technology, particularly our flagship products, Hydra and Aeron.

• Hydra: Our developer platform accelerates the development of real-time trading systems by handling the non-differentiating, architectural, and resiliency aspects. This enables fast delivery and long-term scalability. Hydra provides pre-built components and functionalities to streamline the development process, making it easier and faster to build, deploy, and operate low-latency trading platforms.
• Aeron: Our revolutionary open-source technology sets the standard for high-throughput, low-latency messaging and resilient clustering. Aeron ensures zero downtime and zero loss transactional systems, even in the public cloud. It offers microsecond latency, extremely high throughput, and fault-tolerant services, enabling 24/7 operations in the most demanding environments.

2. Business impact on FX trading industry

Our technology combined with our FX domain expertise has not only advanced the FX industry but also significantly benefited our clients and our business.

• Client Success: Our tech and expertise has helped numerous firms, including FXCM / Tradu and Man Group, to enhance their trading capabilities. For instance, Man Group leverages Aeron to improve low-latency trading in its multicast FX RFQ protocol, handling $1.5 trillion in FX trades annually. The implementation of Aeron allowed Man Group to build a high-performance messaging layer, improve latency statistics, ensure higher resilience to message spikes, and future-proof its FX execution system. (Read the full use cases here >>)
• Market Expansion: Our expansion into new markets and the launch of new services like ‘Operate’ have allowed us to better serve our clients globally. The opening of our Manila office has further strengthened our ability to provide 24/7 managed services. Operate allows our clients to outsource all aspects of technical market and platform operations, enabling them to reduce costs and benefit from improved service levels.

3. FX case studies: real-world impact

These success stories are a testament to the impact of our technology and expertise.

• Man Group: By replacing legacy technology with Aeron open-source, Man Group improved latency statistics, ensured higher resilience, and future-proofed its FX execution system. The successful deployment of Aeron led to its adoption across other trading platforms within the firm, including equities and futures. (Read the full use case here >>)
• FXCM/Tradu: We helped FX Broker, FXCM, build a new Progressive Web App, which offers a seamless FX trading experience with resilient, low-latency architecture. The new retail FX & CFD platform integrates with existing proprietary and third-party tech, creating a cohesive User Interface with codified, reusable design components. This has significantly improved global access to FXCM’s online trading service and the new platform was launched under the name Tradu last year. (Read the full use case here >>)

4. Cloud adoption and performance benchmarks

In addition to our technological advancements, we have actively contributed to driving cloud adoption in capital markets.

We have also established performance benchmarks in the cloud, partnering with Google Cloud and AWS to run Aeron performance testing in a cloud environment. The results demonstrated that Aeron meets or exceeds the demands of most use cases in the public cloud, affirming that the cloud’s latency and fault tolerance can rival on-premises solutions.

• Google Cloud Test Results: Aeron achieved a latency of 57 μs, dropping to 18 μs with Aeron Premium kernel bypass at 100k msgs/sec, and a throughput of 800,000 msgs/sec with Aeron open source, leaping to over 4,700,000 msgs/sec with Aeron Premium. (Download test details >>)
• AWS Test Results: Similar impressive performance metrics were observed, showcasing Aeron’s capability to deliver high-performance trading systems in the cloud. (Download test details >>)

These benchmarks have provided our clients with valuable data to make informed cloud migration decisions and have positioned Adaptive competitively by demonstrating real-world capabilities through testing.

Conclusion

Winning the “Best Low-Latency FX Solution” at Euromoney FX Awards 2024 is a significant milestone for Adaptive. It underscores our commitment to innovation, client success, and industry leadership. Stay tuned for more updates and insights on our journey to revolutionize the FX industry.

Read what EuroMoney had to say about our award win – Read the Winner’s Article.