Electronic trading, like no other industry, can directly link time and money. A decade ago when I started selling 10GbE NICs to Wall Street traders, they often shared with me the value of a single microsecond (millionth of a second) improvement in trading. Today these same traders are measuring gains in nanoseconds (billionths of a second). With each passing
For the past decade, Solarflare has led the market in accelerating server-side UDP/TCP networking for electronic trading with our Onload® software acceleration stack. In addition, Solarflare has regularly delivered a new generation of 10GbE network adapters that have further reduced network latency by 20-30% while also reducing jitter. Often these advances were the result of improvements in the hardware, but there were many significant enhancements to the Onload stack that contributed substantially to the overall system performance increases. Keep in mind that Onload is fully compliant to the BSD Sockets standard, which means that developers don’t have to change their code to use Onload. The table below shows this reduction in Onload latency over time along with the gain from each new generation of Solarflare adapters.
In the below graph (click on it to enlarge) you’ll see how latency with Onload compares between Solarflare’s SFN8522 and X2522 as message size increases. We’ve also included our next closest competitor, Mellanox, with their ConnectX-5 adapter and VMA offload stack.
About five years ago, Solarflare saw an opportunity to revisit TCP/UDP networking stacks within Onload and determined that it is possible to squeeze another 35-50% in performance gains if developers were willing to use a new C language application programming interface (API). This new API was built from the ground up focused on performance, and it implements only a subset of the complete BSD Sockets API. Every API call has been highly tuned to deliver optimum performance. On the road to formulating this API Solarflare has patented several new innovations, and in 2016 it leaped forward again by introducing this API and branding it TCPDirect. Initially, TCPDirect improved latency on Solarflare’s SFN8522 adapter by an astonishing 38%!
Recently TCPDirect was tested with the Solarflare’s latest X2522 cards, and it delivered an improved 48% latency reduction over Onload on the same adapter (click on the graph below). Today TCPDirect with the X2522 provides an amazing 828ns of latency with TCP. So how does this compare with Mellanox? The X2522 with TCPDirect is 39% faster than the Mellanox ConnectX-5 with VMA and Exasock! This gain is shown in the graph below. It should be noted that this testing was done using an older more performant Intel Skylake processor with a 3.6Ghz clock. Intel’s newest Cascade Lake processors burst up to 4.4Ghz, but they were not available at the time of this testing. Recent testing indicates that they should produce even more impressive results.
Trading and Time are interwoven into a single fabric, one cannot exist without the other. When trades are executing with a precision measured in nanoseconds you need a technology partner that is leading the industry, not following it. Solarflare also provides a precision time protocol (PTP) daemon that includes both IEEE-1588 (2008) and enterprise profiles. Additionally, Solarflare makes available an optional PCIe bracket kit enabling the direct connection of an external hardware master clock that can deliver a highly accurate one pulse per second (1PPS) signal. This kit and Solarflare’s PTP daemon enable the adapter to maintain system time synchronization to within 200ns of the external master clock. Mellanox has stated that their PTP implementation “can see time locked to reference well within 500 nanoseconds of variation.”
Numerous STAC reports over the past decade with all the major OEMs and the Linux distributions used in finance have validated that Solarflare networking technology is the standard by which all others are measured. Innovations like those discussed above are the reason why over 90% of the stock exchanges, global investment banks, hedge funds, and cutting-edge high-frequency traders’ architect their systems with Solarflare hardware and software. Outside of the Linux kernel’s own communications stack, no other TCP/UDP user-space communications stack is more heavily tested or in wider production than Solarflare’s Onload platform. Today the world economy exists across hundreds of thousands of servers spread throughout the globe, and nearly all of those servers depend on Solarflare to provide the industry’s best performance with the lowest jitter possible. Below are recent STAC Research reports from the past two years that back up our claims.
June 2018 – SFC180604b– UDP over 10GbE using Solarflare OpenOnload on Red Hat OpenShift 3.10 (pre-release) with RHEL 7.5 and Solarflare XtremeScale X2522 Adapters on Supermicro SYS-1029UX-LL1-S16 Servers