1.
B2N Technology: Built on Optimised Messaging
Agnostic and Independent
B2N Cutting edge software for faster communication
within financial markets for cost‐effective data delivery
B2N Limited
Birchin Court, 20 Birchin Lane, London EC3V 9DU
Tel: +44 203 751 9532 Fax: +44 560 065 3061
Web: www.b2net.net
2. Business Deliveries from B2N technology
· Well Organized Products World - grouping, naming, feeds, providers etc. all structured
and editable on-the-fly with multi user UI
· Data Robustness - automatic/seamless switch to next available source
· Data Refinement - blending/pre-pricing/engineering engine with 200+ of-the-shelf
algorithms, tools to build new ones, API & XL controllable on-the-fly
· Data Aggregation - BBO and OrderBook aggregated across multiple venues/exchanges
· Price Control - pricing is monitored and automatic cleaning and adjusting actions are
performed
· Price Engineering - price can be adjusted based on historical performance and user defined
strategies compliant with FSA rules and producing non-reverse engineerable feed
· Proactive Performance and Monitoring System with Metrics - Notifications are
generated before the problem arises and can be addressed on time - no more “post
mortem investigations”
· Compliance through Entitlements and Permissioning - all synchronised with EU
and FSA latest rules.
AS A FINAL RESULT :
“Best of Breed Data Feed” -Reliable, Consolidated, Resilient, Pre-Pricing Algo
Engine, Easy manageable on-the-fly according to client’s parameters.
(Multiple sources can be used by vendor or by venue)
3. THE B2N BUSINESS CASE FOR COST SAVINGS
Software Solution
‐ Pure Software Solution ‐ NO TAX OFFICE BURDEN – no charge per every single data packet (no view
charges) transported over the wire or additional charge for deriving, viewing, managing etc.
Flat License
‐ Simple Licensing policy – Per Company – e.g. “eat as much as you can” the price will stay the same
no matter how many copies you install inside the company. Global, Enterprise or Location – you choose.
Freedom to change
‐ The customers can arbitrate between data provider seamlessly and have the chance to change
providers on the fly without service interruption and always choose the more adequate priced one with no
service interruption and changes.
‐ Maintain Vendor/Supplier Independence. Don’t allow Vendor “lock‐in”.
Vendor “lock‐in” with add‐on applications such as Spread sheets used for “Product Pricing” and” Data
Derivatives” restrict your ability to deal with and sort from different sources ‐ aggregator, exchanges ,
vendors and independents .
B2N delivers total freedom of format for all data sources, Vendors, Exchanges et al.
‐ You choose your source of data with no technical restriction.
Flexibility
‐ Easy customization to fit a wide range of customer needs with configuration changes only.
Instant deployment
‐ We provide off‐the‐shelf, platform‐independent installation package, which takes just minutes to get
you up and running.
Modules and Applications
‐ Large number of ready‐to‐use modules and applications:
numerous feed handlers covering large amount of consolidated, direct and Forex feeds;
adapters to 3rd party platforms and MarketHub applications.
Multi-platform
- Support for Windows, Solaris and Linux in both 32 & 64-bit configurations. The data can be accessed
through our C++, Java, C# & COM APIs, Excel adapters, out-of-the-box applications or our adapters to 3
rd
party
applications.
4. B2N/Business Case & Cost savings business case
B2N - MarketHub
Fundamentals
-------------------
MarketHub allows users to focus completely on the business development process, utilizing easy
and clear access and overview to the financial market data. Key advantages and major distinguishing
features include its great flexibility and unparalleled rapid deployment.
MarketHub transports tremendous amounts of market data over your network, including price and
trade information for financial instruments.
MarketHub provides data access from within Excel spreadsheets, off-the-shelf applications and easy
to use SDK libraries for C++, Java, C# and COM.
MarketHub is a monitoring and data-broadcasting technology, allowing traders, brokers and
financial analysts to track and publish changes of financial data or use data for automated trading. It
provides a rich set of tools to respond to the ever changing requirements of financial markets.
MarketHub allows heterogeneous formatted feeds to be integrated and then demultiplexed again
to different client formats using existing 3rd party infrastructure, preserving customer’s current
investments.
-------------------
COMPETITIVE ADVANTAGE
-----------------------
No vendor “lock-in”:
multi-platform – Windows, Linux, Solaris
multiple transport adapters – B2N’s Zero, B2N's TCP, 29West’s LBM, IBM’s LLM and TIBCO
Large number of ready-to-use modules and applications:
numerous feed handlers covering large amount of consolidated, direct and Forex feeds;
adapters to 3rd party platforms
set of MarketHub applications
Flexibility/Extensibility:
modularized, pluggable architecture
low learning curve APIs for C++, Java, C#, COM etc.
----------------------
5. B2N/Business Case & Cost savings business case
-------------------------
Technology improvements:
“Exception Trading Performance” – optimize trading performance by using the best and dynamically
changing combination of data sources for derived prices that are redistributed to clients.
Generate “Best of Breed Data Feed” – Reliable, Consolidated, Aggregated, Resilient, Easy
manageable on-the-fly according to client’s parameters. (Multiple sources can be used by vendor or
by venue)
Controlling channel – an internal generated feed can switch on/off different rules sets in real-time
Custom rules and algorithms - can be easily added from the customer itself.
--------------------------
--------------------------
Management improvements:
Having “One” easy-to-use interface/solution to multiple data sources instead of many different
technology flavours from different providers.
“Lifting the burden” from the internal resources(Development against constantly changing, different
APIs and adaptors is not part of the customer core business).
“Rapid integration” of already developed and proven existing technology.
“Vendor independence” - by creation own instrument names the customer can easily switch
between data providers.
Reduced “Total Cost of Ownership”
Reductions of “View charges” and “Exchange Fees”
---------------------------
Douglas Winton
Director
B2N Limited
Birchin Court, 20 Birchin Lane, London EC3V 9DU
Tel: +44 203 751 9532 Fax: +44 560 065 3061
Email: dw@b2net.net Web: www.b2net.net
6. 1
THIS DOCUMENT CONTAINS INFORMATION PROPRIETARY TO B2N LIMITED, AND MAY NOT BE REPRODUCED, DISCLOSED OR USED WITHOUT EXPRESS WRITTEN PERMISSION FROM B2N LIMITED
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Tomorrow’s best of breed solutions delivered today
MarketHub
OTFE Optimized messaging infrastructure - extreme message serialization / deserialization protocol
- With sate-of-the art patented data representation giving in average 50% smaller size without increasing CPU utilization
- With state-of-the art OrderBook representation in array deltas
- With agnostic architecture to third party transports
Authority Server
- Multi-level real-time data cache
- Data access permission manager
- Usage reports
- Optional session management designed to optimize the exchange fees.
- Unlimited connections
- Ability to connect multiple authority servers
-WebLets support for monitoring and data access
Client pack
- Microsoft Excel subscriber ( RTD Server) ( supports XL XP, 2003,2007,2010)
- Microsoft Excel Publisher ( enabled data contribution directly from spreadsheets )
- APIs (pub/sub) ( C#/C++/JAVA/COM/VB/VBA WIN/LIN/SOLARIS/32/64)
- TCP Protocol Decoder pattern Library for Java and C++
- Session and SecurSession APIs - ability to have one to one communication
- MHPanel C#
- MHPanel Java
- Auto updating capability
- Resilience capability
Client pack add-in
- Hi-Performance Microsoft Excel Publisher
7. 2
THIS DOCUMENT CONTAINS INFORMATION PROPRIETARY TO B2N LIMITED, AND MAY NOT BE REPRODUCED, DISCLOSED OR USED WITHOUT EXPRESS WRITTEN PERMISSION FROM B2N LIMITED
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Tomorrow’s best of breed solutions delivered today
Historical pack
- TickRecorder - ability to record tick by tick data in a database
- TimeSeriesGenerator - ability to generate/record Open/Hi/Low/Close in a database
- TimeSeriesPublisher - ability to retrieve data from a database and publish it as an instrument
- FlatFiles - ability to record real-time data in flat files on the disk
- XMLRecorder - ability to record messages/ticks in XML format
- XMLReplay - ability to repay recorded XML messages/ticks
- BinaryRecorder - ability to record messages/ticks in binary format
- BinaryReplay - ability to repay recorded binary messages/ticks included in the recorder
Web site pack
- WebLets server - Interface for developing web apps for the real-time data world
- PollServer - enables integrating real-time data in web sites on lease-time base
- PollClient Java - enables access to PollServer from java
- PollCient C# - enables access to PollServer from C#
Feed Control Pack
- ability to control, consume and refine multiple incoming feeds/instruments and generate one consolidated feed based
on priorities, availability and quality of the incoming feeds
- ability to filter unwanted data
- ability to generate data. inject and intermix it from one feed to another
- ability to aggregate/consolidate instruments across exchanges/feeds - BBO & OrderBook
- ability to discover the exact price for a given amount - IBBO ( volume weighted BID/ASK ) - VOD.L|150000
Data Manipulation Pack
- ability to generate delay feed from real-time feed based on exchange rules
- ability to reduce open/close requests by introducing lease time on close requests
Data Transport adapters
8. 3
THIS DOCUMENT CONTAINS INFORMATION PROPRIETARY TO B2N LIMITED, AND MAY NOT BE REPRODUCED, DISCLOSED OR USED WITHOUT EXPRESS WRITTEN PERMISSION FROM B2N LIMITED
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Tomorrow’s best of breed solutions delivered today
- B2N Zero Latency - free (included )
- B2N TCP - free (included )
- B2N HTTP - free (included )
- B2N Multicast
- TIBCO
- LBM/29WEST
- LLM ( IBM )
Adapters to RMDS/TREPS
- RMDS Input adapter (sub - enables data from RMDS inside MarketHub) ( SFC, RTFA, UPA – interactive)
- RMDS Output adapter (pub - enables data from MarketHub inside RMDS) ) ( SFC, RFA, UPA – interactive)
Adapters to Coral8
- Coral 8 C# and output Java adapter (pub - enables data from MarketHub inside Coral 8)
Feed handlers
- Bloomberg BPIPE
- Bloomberg BPOD (BPIPE on demand)
- Bloomberg MBP (Managed BPIPE)
- Bloomberg Server API (SAPI)
- IDC (Interactive Data / ComStock)
- RDF
- QuoteSpeed (Tenfore/Morningstar)
- Budapest Stock Exchange
- Bulgarian Stock Exchange
- Eurex
- European Energy Exchange
- Frankfurt Stock Exchange (Deutsche Börse )
- Irish Stock Exchange
9. 4
THIS DOCUMENT CONTAINS INFORMATION PROPRIETARY TO B2N LIMITED, AND MAY NOT BE REPRODUCED, DISCLOSED OR USED WITHOUT EXPRESS WRITTEN PERMISSION FROM B2N LIMITED
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Tomorrow’s best of breed solutions delivered today
- Shanghai Stock Exchange
- Vienna Stock Exchange
- LIFFE (NYSE Euronext )
- AutobahnFX
- Currenex
- PATS
- NetBuilder
- LSE
- Turquoise
- Chi-X
- BATS
10. B2N XL Subscriber, B2N XL Publisher,
Custom build from Customer
or Third Party apps, modules and adapters
PPPro, Kobra. Electron
Third party RMDS consumers, producers and legacy
apps
RMDS Infrastructure
Two Way RMDS Adapter
RDF
FH (BPIPE) FH(MBP) FH(IDC) FH(TFE)
Optimized Messaging Infrastructure
AUTHORITY SERVER(Cache Engine, Permissions, Sessions, Reports, Unified
Messaging, Transports Intermixing)
Feed Control
Engines:
Feed Consolidation
Unifying(Symbol Mappings)
Filtering
Intermixing
Blending
Quality
Aggregation ( L1 & L2)
VBBO
Built-in CEP
Internal Feeds
etc...
FH ( Custom
Build from
Customer or
Third Party )
Permission
System
(inc. Kick-Off
Session & Role
support)
SQL/XML store
Customer Internal
Permissions
Connection to third
party permission
systems , DACS,
DART etc.
Usage Report ( Who has used
what) SQL/TXT Store
Automated
FieldMappings
Automated
FieldMappings
Automated
FieldMappings
Automated
FieldMappings
Automated
FieldMappings
Monitoring
Interface
Monitoring
Interface
Monitoring
Interface
Monitoring
Interface
Monitoring
Interface
Monitoring
Interface
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On The Fly Feed Control Management Console
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SQL
History
Time Series
Permission Database
Usage Report Database
Tomorrow’s best of breed solutions delivered today
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Adapters to Third Party
platforms, (e.g. MAMA
etc. )
KEY FACTS:
REAL OPEN PLATFORM source code access for customers
REAL OPEN API source code access with available implementation on most popular platforms
MULTI PLATFORM C++ & Python( Win 32/64, Lin 32/64, Sol 32/64), Pure Java, C# (Win 32/64), VB (Wn32/64)
MULTI TRANSPORTS WITH INTERMIX CAPABILITY B2N built-in, TIBCO, LBM ( 29West/Informatica), IBM LLM
ADDITIONAL SUPPORT customer access to the actual developers involved in the exact module subject to the support issue
Generic Schematics
13. B2N XL Subscriber, modules and adapters,
monitoring
RMDS Infrastructure
RMDS Adapter
RDF
FH(MTSAR)
FH(CURRENEX/
FIX)
Optimized Messaging Infrastructure
AUTHORITY SERVER(Cache Engine, Permissions, Reports, Unified Messaging,
Intermixing)
Feed Control
Engines:
Feed Consolidation
Unifying(Symbol Mappings)
Filtering
Intermixing
Blending
Built-in CEP
(3 instances 1-st instruments
starting from 0* to M*, 2-nd N*
to Z*, 3-rd ALGO only #*)
Internal Feed from XL for
ALGO Feed Control Instance
Service name (B2N_MID)
Permission
System
SQL/XML store
Usage Report ( Who has used
what) SQL/TXT Store
Automated
FieldMappings
Automated
FieldMappings
Automated
FieldMappings
Monitoring
Interface
Monitoring
Interface
Monitoring
Interface
Monitoring
Interface
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On The Fly Feed Control Management Console
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Permission Database
Usage Report Database
Tomorrow’s best of breed solutions delivered today
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Service remapping
21 instances for IDN and 21 instances for MSTAR
B2N_IDN_FILTERED (BID-ASK to ORDER_BID ,ORDR_ASK)
B2N_IDN_CTRL_1 to 10 (BID-ASK to B_PRICE_x, A_PRICE_x)
B2N_MSTAR_FILTERED (BID-ASK to ORDER_BID ,ORDR_ASK)
B2N_MSTAR_CTRL_1 to 10 (BID-ASK to B_PRICE_x, A_PRICE_x)
B2N_MSTAR B2N_CURRENEX
B2N_IDNB2N
B2N_MID
Authority Server
Internal
B2N
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Trading Leaf
Pricing &
Trading System
