TRADExpress™ Index Engine calculates indices in real time. It delivers updates within microseconds of events that trigger an index recalculation. It is based on the same technical platform as Cinnober’s trading and clearing systems, which makes it stand out when it comes to speed, performance, and robustness.
TRADExpress™ Index Engine connects to market-data feeds or directly to marketplace feeds to calculate and disseminate indices in real time. It is a standalone system, but it can also be integrated with Cinnober’s TRADExpress™ Trading System or TRADExpress™ Ultra to streamline the infrastructure.
Its innovative plug-in architecture enables rapid development and launch of new indices. Each type of index and corporate action has its own plug-in. A new index can be created in the user-friendly market operations GUI using the plug-ins in the plug-in library, for example, the price-weighted and the market-capitalization-weighted indices. Existing plug-ins can be modified easily, and new ones can be added quickly.
For easy retrieval of market data, TRADExpress Index Engine supports financial industry standards, such as FIX, and de facto standards, such as Bloomberg and Reuters.