2012-10-08 10:47:18 -

Cinnober has today released a white paper addressing the benefits of using Java
in mission-critical financial applications. The authors succinctly lay out its
memory and processing advantages resulting in fast execution while at the same
time avoiding unnecessary code complexity.

The importance of technology was also highlighted in the SEC roundtable on
October 2nd, in which recent high-profile trading glitches were said to be due
to basic programming issues rather than transaction complexities or fragmented
markets.

"The recent issues undermine the confidence in financial markets globally", says
Veronica Augustsson, CEO of Cinnober. "Mission-critical systems require modern
technology including modern memory management. As our white paper shows, Java is
the programming language best suited for financial applications. Apart from fast
execution, short development times and excellent suitability for large systems,
it is easier to   avoid programming mistakes and develop high-quality code with
Java, which is crucial for these types of systems."

Entitled "The benefits of using Java as a high-performance language for mission
critical financial applications", Cinnober's white paper can be downloaded at:
www.cinnober.com/news/benefits-using-java-highperformance-language.

Written specifically with the financial technology industry in mind, the paper
covers the key areas in which Java provides advantages over other languages, and
gives an overview of Cinnober's particular strategies for optimizing the high
performance levels that Java is capable of achieving.

"The choice of programming language is often surrounded by emotional feelings,
and we think it is important that the financial industry continues to deepen its
understanding of the technical underpinnings of successful processing
technology. This white paper is a step in that direction", Augustsson
continues.

Starting from the sensible premise that comparative benchmarks often are biased,
the paper elaborates on vital areas of interest to financial players, such as
Java's constant re-optimizing for faster execution, the rapid development
capability that enable short time-to-market cycles, and how it guards against
programming mistakes.

While not a Java tutorial, the paper offers a concise overview of the Java
platform, including the most salient points concerning Java's interpretation and
compilation characteristics as utilized by Java's dynamic model and memory
management facilities and strategies. These include overcoming dangling pointers
and memory fragmentation problems prevalent in other systems.

The paper also illustrates the rich selection of development tools derived from
Java's specifications of bytecode (Java's dynamic language), the JVM (Java
Virtual Machine), etc., tools that not only help provide additional levels of
productivity, but also allow for seamless integration with other languages.

Cinnober is the leading global supplier of mission-critical solutions and
services within trading, clearing and surveillance to major trading and clearing
venues. Customers include Alpha Exchange, Deutsche Börse, London Metal Exchange,
NYSE Liffe, LME Clear, BM&FBOVESPA, the Stock Exchange of Thailand, the Qatar
Exchange and Dubai Gold & Commodities Exchange.

To download a copy of this white paper, see www.cinnober.com/news/benefits-
using-java-highperformance-language.

For further information, please contact:
Fredrik Backlund
Head of Corporate Communications
Cinnober Financial Technology
Tel. +46-(0)73 403 12 39
fredrik.backlund@cinnober.com

About Cinnober Financial Technology
Cinnober provides mission-critical solutions and services to leading trading and
clearing venues. Cinnober's solutions are based on the TRADExpress(TM) Platform
incorporating everything needed for mission-critical solutions in terms of
performance, robustness and flexibility. The portfolio of offerings includes
price discovery and matching, real-time risk management, clearing and
settlement, index calculation, data distribution and surveillance. Cinnober's
customers include Alpha Exchange, Borsa Italiana, BM&FBOVESPA, Burgundy,
Deutsche Börse, Eurex, Hong Kong Mercantile Exchange, London Metal Exchange,
Markit BOAT, NYSE Liffe, Stock Exchange of Thailand and Quadriserv. For
additional information, please visit www.cinnober.com


Press release (pdf): 
 hugin.info/139660/R/1647191/530928.pdf



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Source: Cinnober via Thomson Reuters ONE
[HUG#1647191]