“Today, our SignalCentre Trading Platform easily scales, & provides fast response time & reduced network payload due to Diffusion's state-of-the-art data optimization & delivery technology.”
Steve O’Hare, Managing Director, Signal Centre
Signal Centre needed to assure fast, reliable delivery of their Signal Centre Trading Platform research & analysis data to a high volume of traders worldwide and around-the-clock and their team encountered development challenges until they selected the Diffusion Real-Time API Management Platform to meet their requirements.
Signal Centre was formed in 2007 as an independent research firm to better serve institutional clients’ asset research needs. Today, PIA First’s Signal Centre Trading Platform is an innovative progression from the original analysis delivered to fund managers, hedge funds, and central banks worldwide.
Signal Centre offers daily trade ideas in over 120 of the world’s major financial markets, packaged in five asset groups:
FOREX, commodities & stock indices and, more recently, single stocks and cryptocurrencies. PIA users can subscribe to individual markets by selecting or deselecting markets on PIA’s customizable dashboard to easily view the desired trading signals.
Since inception, Signal Centre has continued to develop and grow by employing analysts with extensive financial market knowledge, experience, and technical analysis ability gained at major UK financial institutions. PIA’s proprietary and innovative research has produced a track record of trade ideas across asset classes. The firm has received numerous awards for their research based upon their intuitive and easy to use Signal Centre dashboard and the high-value, timely research and analysis that PIA delivers.
The company required a data management platform that would effectively manage trade recommendation and analysis data from their back-end systems and reliably deliver the information as they scaled their global customer base.
“With Diffusion, we can focus on our skill of analyzing markets, instead of worrying about reliably delivering our information to traders around the globe.”
- Steve O’Hare, Managing Director Signal Centre
While building the Signal Centre Trading Platform, the development team realized that traditional polling of back-end systems was far too time consuming, and would not scale, either for the anticipated number of users on the system or for the additional functionality planned for the future.
Signal Centre required a platform that could isolate the company’s back-end systems from the load generated by tens of
thousands of trading clients around-theclock. This is important because the trading analysts continually monitor and assess market conditions and each trading strategy, and they post updates in real-time – an integral part of the PIA service.
Lastly, Signal Centre wanted to simplify their platform development and improve performance. Their existing platform could not manage back-end system data in a timely and reliable manner when receiving requests from thousands of trading clients. This resulted in unacceptably low-performance.
Many organizations must build business applications that can easily scale and run optimally over the Internet. Addressing
the unknowns of the Internet is difficult and affects delivery of a reliable, resilient, and high performance application.
Many factors can influence performance including: the speed and quality of the network, load on the network, variable and high load on the back-end servers, time to process/distribute/store data on the back-end, latency sending data to end-user devices, and the volume of data sent. Signal Centre had to address these unknowns in order to deliver their valuable analysis and trade ideas in a scalable, efficient, and reliable way to their customers – whenever and wherever needed.
PIA faced the additional challenge of presenting their trade ideas to customers in multiple languages around the globe
"The Diffusion Real-Time API Management Platform is a huge asset for us each time we walk into a big client, confident in the knowledge that we can depend on a trusted Enterprise solution."
- Steve O'Hare, Managing Director
Signal Centre learned of Push Technology’s Diffusion Intelligent Event Data Platform, after attempting to enhance the Signal Centre Trading Platform on their own, in order to handle their back-end scalability and speed issues, PIA turned to the Diffusion Platform to address their challenges.
Signal Centre clients can access the PIA trading data and analysis platform in a variety of ways including via a widget that
lets them embed the data on a web page in their in-house trading systems. Users may also elect to receive follow-up emails. The emails are tailored to each individual user’s requirements and contain user-selected information in the language of the user’s choice – for example, only send FX data in German.
The variety of data delivery mechanisms, coupled with the multiple language requirements across thousands of traders, unduly burdened PIA’s back-end system and made data delivery slow.
With the use of the Diffusion platform to manage and deliver the data, the constant polling of PIA’s back-end database has been eliminated from the equation using Diffusion’s proprietary delta-data streaming technology which only sends updates when the data has changed. Today, the updates are easily sent to all subscribers in real-time.
Today & Tomorrow
With the Diffusion Real-Time API Management Platform, PIA has quickly eliminated the data management and delivery challenges faced by their development team. PIA can now assure a reliable, high-performance Signal Centre Trading Platform experience for their clients.
As Signal Centre evolves and changes their back-end systems in the future, the use of the Diffusion platform will deliver
the ongoing benefit of minimizing the impact of those changes on the Signal Centre Trading Platform.