Chronicle Launches Low-Latency, High-Throughput Matching Engine for Investment Firms

Modular and scalable technology with full customer customization

LONDON, UK, March 3, 2022 / — Chronicle software (Chronicle), the specialist provider of low-latency technology solutions for the financial services industry, has expanded its suite of ultra-fast, high-performance trading solutions with the release of the Chronicle Matching Engine.

Developed in response to customer demand for an asset-independent, low-latency matching solution, the new Chronicle matching engine provides order matching, validation, and risk verification capabilities for multiple order types, including real-time command instructions.

Its scalable, modular and flexible design means that clients can adopt all or part of the Matching Engine software both to create new proprietary trading solutions and to support existing trading solutions, and can be seamlessly integrated with other Chronicle trading solutions and services.
Fully customizable to support different customer use cases, the matching engine allows for bespoke pre-order matching rules such as Minimum Fulfillment Quantity (MEQ) and Auto-Match Prevention (SMP) .

The Chronicle Matching Engine runs on commodity hardware and can be deployed in on-premises data centers or any cloud environment. Key to its low latency and high throughput performance is a JAVA-based design that leverages proven Chronicle Queue technology and optimizes available resources. The match engine supports multiple and extended libraries, and new match engines can be added in real time as needed.

Commenting on the new trading solution, Peter Lawrey, CEO of Chronicle Software, said:
“We are excited to deliver a new generation of Matching Engine technology that is also interoperable with existing infrastructure and products. Our clients repeatedly ask us for high-performance solutions that are transferable across multiple assets, including the more esoteric assets like crypto and carbon.

We have also received significant demand from crypto exchanges looking to build or upgrade their existing infrastructure with an institutionally robust solution.

The Chronicle Matching Engine provides a low-latency trading infrastructure, including source code delivery, to optimize the investment firm’s ability to quickly “buy and build” a solution that can be tailored to their exact needs .


About the Chronicle

Chronicle is a global leader in low latency, high performance Java applications. Today, Chronicle’s software powers the most demanding sub-millisecond trading applications of many of the world’s leading financial institutions and trading platforms.

Chronicle’s open source software attracts 24 million downloads annually, with more than 80 of the top 100 global banks using Chronicle’s solutions and services in operating environments and enterprise solutions. The rapid rate of adoption of Chronicle technology by investment banks, hedge funds, and crypto exchanges is a reflection of its unique business model that optimizes buy-and-build decision-making and operational efficiency.

Based in London, with offices in Melbourne and Singapore, Chronicle Software was founded in 2013 by Peter Lawrey, the design authority and technical architect behind the Chronicle software stack. Collectively, the Chronicle team has over a century of experience creating cutting-edge financial technology solutions across multiple asset classes.

Melanie Budden
The realization group for the Chronicle software
+44 7974 937970
[email protected]