LOMX reference for xitee In collaboration with vwd TransactionSolutions AG (vwdTS), xitee developed LOMX, a state-of-the-art trading platform designed to replace the existing system and enhance performance, versatility, and operational efficiency across multiple trading venues. The project commenced in 2021, with deployment milestones including OFF-EXCHANGE mode in 2023 and added ON-EXCHANGE mode in 2024 into Production.
vwdTS, part of Infront group, operates critical trading venues, including Quotrix venue at Düsseldorf Stock Exchange. Additionally, vwdTS runs off-exchange platforms like Tradelink, offers complementary services such as a trading hub for other exchange platforms, B2B market data publication, and regulatory reporting. With these several important in-house systems, vwdTS is a key player in the financial brokerage and market connectivity on the European stock exchanges, making it a cornerstone in Germany’s financial infrastructure.
The primary goals of the LOMX project were to elevate performance, achieve the capability to process 100,000 events per second with minimal latency, and support high-speed algorithmic trading. Versatility was also crucial, with the platform designed to support multiple business models, all within a highly configurable software solution. Operational efficiency aimed to reduce efforts through modern administrative tools, automated maintenance tasks, and robust system architecture. Additionally, ensuring backward compatibility was essential to facilitate a seamless migration for existing customers without requiring changes on their end. An emphasis on future-proof modular architecture and user-centric design guided the development. The rollout strategy involved iterative data migration tools to transition customers from the old platform to LOMX incrementally, minimizing disruptions and allowing for rollback if necessary.
LOMX successfully fulfils its objectives by providing unparalleled trading efficiency, streamlined operations, and a future-proof modular architecture ready to meet the evolving demands of the financial trading sector. This groundbreaking platform, with its user-centric modern frontends, marks a significant leap forward in trading technology, ensuring that vwdTS remains at the forefront of the industry.
Technologies: Java and C++, Spring Boot framework, Hibernate and Oracle DB. Angular, .NET Core UWP/WinUI for GUIs, communication relies on gRPC, Socket, Kafka, REST APIs and QuickFIXj.
