Adaptive Financial Consulting has been selected by Bullish as a fintech partner to increase the digital asset exchange’s trading capacity and boost throughput as it looks to scale and meet growing business demand.
Bullish has signed a multi-year deal with the trading technology provider to replace the exchange’s incumbent messaging vendor technology with Aeron Premium and to receive support and professional services.
Aeron Premium is Adaptive’s enterprise-grade product complementing the Aeron open-source technology, offering additional software components for performance, security, and resilience – crucial in cloud environments.
Being a cloud-native exchange built on Google Cloud’s infrastructure, Bullish sourced Adaptive’s Aeron Premium services directly through Google Cloud Marketplace.
Bullish enhanced capacity and security since going live with Adaptive’s Aeron Premium
Since going live with Adaptive’s Aeron Premium, Bullish has improved its throughput and capacity, achieved near zero downtime high availability, and enhanced security.
Bullish has improved its exchange throughput and capacity by adopting Aeron. This allows for more orders per second and reduces order entry round-trip time, ensuring better access to liquidity for participants.
Google Cloud infrastructure, combined with Aeron’s resiliency model, ensures near-zero downtime and high availability for Bullish’s 24/7 exchange. This setup simplifies maintenance, enhances failover processes, and improves customer availability.
With Aeron Premium’s advanced security features, Bullish adds an extra layer of protection. Aeron data frames are encrypted during transmission, and client order information remains encrypted throughout the entire order processing flow.
Bullish aims to utilize further Aeron Premium components for clustering and resilience to create a more flexible and maintainable infrastructure. This will enable the exchange to perform hot upgrades in a 24/7 market, significantly reducing maintenance challenges.
“Swapping out the messaging middleware within an active exchange is no mean feat”
Alan Fraser, Head of Platform Infrastructure at Bullish, said: “As a cloud-native exchange, we believe that the future of finance is firmly rooted in the cloud. Bullish was already using Adaptive’s FIX engine and we also have strong ties with Google Cloud. The synergy between our companies provided a solid foundation for collaboration. This strategic partnership allows us to leverage Adaptive’s ongoing Aeron performance testing and optimizations on Google Cloud, aligning with Bullish’s cloud-native approach.
“Swapping out the messaging middleware within an active exchange is no mean feat. Leveraging Adaptive’s support services provided us with invaluable expertise and assurance, significantly mitigating the risk associated with upgrading to a more scalable architecture,” Fraser concluded.
Matt Barrett, CEO and co-founder of Adaptive, said: “We are thrilled to see our technology play a crucial role in Bullish’s mission to provide a superior trading experience. Aeron technology is specifically designed to handle very large data volumes with minimal latency, ensuring 24/7 high availability, not only in traditional on-premises environments but more importantly on the public cloud, providing a robust backbone for Bullish’s 24/7 trading operations.”
Aaron Walters, Exchange and Ecosystem Strategy, Google Cloud, said: “Google Cloud’s collaboration with Adaptive and Bullish underscores how our technology is empowering digital exchanges to scale and innovate at speed. By building its cloud-native platform on Google Cloud, Bullish was able to rapidly integrate Adaptive’s solutions through Google Cloud Marketplace, accelerating its ability to meet the evolving demands of the digital asset market.”
