LMAX Exchange, the first FSA regulated MTF for FX, announced a strategic partnership with Azul Systems, the leading Java solution provider for applications requiring low latency and scalability. LMAX Exchange will use Azul’s Zing™ Java Virtual Machine (JVM) for continuous performance optimisation of its low latency execution venue.

As the award-winning LMAX Exchange continues its rapid growth, it will use the innovative Zing JVM as a technological foundation to deliver consistently reliable performance, high throughput and low latency execution.

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Furthermore, both companies will collaborate at a deep engineering level to continuously optimise the low-latency performance of Azul’s Java solutions.

Azul’s Zing is a 100% Java-compatible high performance JVM, known to deliver low latency and also to support large in-memory datasets without performance penalty. In essence, Zing eliminates operational interruptions, response time outliers and the scalability limits of Java-based trading and other financial services applications. LMAX Exchange will benefit from Zing without having to make any changes to its unique trading software architecture, approach to software development or its advanced continuous delivery process.

Edward McDaid, CIO at LMAX Exchange, said: “LMAX Exchange is already one of the fastest execution venues for FX and our deep technological collaboration with Azul will help to ensure we continue to deliver even faster and more consistent execution for our clients in the future.”

Scott Sellers, president and CEO of Azul Systems, said, “We’ve seen time and time again that if you are using a conventional JVM, you will not be able to deliver consistent ultra-low latency with high scalability.

We provide a fast, reliable and proven solution which ensures execution venues, risk analysis engines, messaging infrastructure, and a myriad of other low-latency applications benefit from consistency and reliability of execution and improved service availability — even under demanding and unpredictable loads. Our Zing JVM enables financial institutions like LMAX Exchange to seamlessly grow transaction volumes and meet ever stricter SLAs.”

The two companies are planning to publish a series of white papers summarising the results of their technical collaboration, including any business and performance benefits achieved.