The STAC-E suites define benchmark specifications based on trade-execution workloads. This spans a range of functions performed on trade messages inbound via APIs and/or wire protocols, including:
- pre-trade risk and compliance checks
- order-state management
- smart order routing
STAC-E also covers internal messaging via persistent methods (resilience to internal failures).
Top-of-stack products potentially covered by STAC-E include:
- Market- or client-facing execution gateways
- Messaging middleware (software and appliances)
- Order management systems
- Smart order routers
- Matching engines
Tests measure latency, throughput, and resource efficiency while varying the input and output requirements and validating the functional requirements.
STAC-E consists of several benchmark suites, none of which has been released yet. Certain STAC-E tools are available upon arrangement. Contact us if you're interested either in the tools or in helping to progress the benchmark specifications.