To: Keith Monahan who wrote (756 ) 5/16/2001 12:39:48 AM From: Ron Dior Respond to of 811 Object Design Introduces Real-Time Market Data Application for the Financial Industry Captures 10,000, and Queries More Than One Million, Market Data Events Per Second BURLINGTON, Mass., May 15, 2001 (BUSINESS WIRE) -- Object Design, a division of eXcelon(TM) Corporation (NASDAQ: EXLN chart, msgs), today announced the Real-Time Event Engine (RTEE) for Finance, a new software application that overcomes the technology barriers that limit other real-time collection and analysis tools available today by simultaneously capturing, organizing and querying real-time data streams. Market data analysis is necessary for many financial functions and is particularly critical for highly dynamic and distributed environments, such as foreign exchange, equity trading and fixed income operations. Designed for immediate analysis The RTEE is a high-performance application for the real-time capture, organization and simultaneous query of streaming event data. It combines extreme scalability with a flexible Cache-Forward(TM) architecture to support real-time analysis on streaming event data in distributed environments without impacting capture speed. It ties into any system architecture freeing financial system designers from having to build collection and management applications for real-time event data and allow them to focus on the crucial task of analytics. The RTEE has three main components that address the primary requirements of a comprehensive market data collection and analysis system. The components are: -- Collector: Captures market data from external sources in real-time and inserts the data into a persistent store. -- Reorganizer: Organizes and indexes the data for efficient use, and re-orders out-of-sequence data. -- Query Server: Allows users to access and perform analysis on the market data in real-time and in parallel with the data stream capture process. Unprecedented performance The RTEE leverages Object Design's strengths in application-specific data management solutions by delivering outstanding performance for time critical applications while minimizing hardware investments. For instance, stock traders are typically able to collect up to 400 ticker updates (ticks) per second. RTEE can collect from 5,000 to 10,000 ticks per second while simultaneously querying more than one million ticks per second on low- to mid-range Sun hardware. This type of performance enables traders, brokers and analysts to synthesize more market data from more sources more quickly, making it a powerful application to analyze events, history, traffic rates and re-play trading scenarios. "Simply capturing real-time market data, in itself, is not particularly challenging, assuming you're willing to continually purchase hardware to keep up with increasing demands," commented Kenneth Rugg, Object Design's vice president of product development and chief technology officer. "However, simultaneously querying this real-time market data as it arrives has typically been unachievable. Until now, financial institutions have tried to overcome this obstacle with inflexible proprietary solutions developed in-house. The RTEE provides a scalable, high-performance application that frees developers to focus their efforts on real-time and historical analytics." Availability and integration The RTEE is available immediately for Microsoft NT/2000 and Sun Solaris platforms. It integrates with leading middleware technology Application Program Interfaces (APIs) including TIBCO, Common Object Request Broker Architecture (CORBA) and Distributed Component Object Model (DCOM).