Technology & Finance
Saturday, January 17, 2009
Tervela Announces an [anonymous] Global Brokerage Customer
Tervela, a provider of low-latency messaging systems, and FIX Flyer, an innovator in trading solutions for electronic trading, have announced the first joint production customer for FIX on TMX, an integrated high-performance order routing platform. The customer, an international brokerage firm that provides liquidity to global equity markets, has deployed the platform to provide a single point of management for mission-critical, high-speed electronic trading.
Barry Thompson, Tervela CEO, said the platform will help the brokerage firm improve its service.
“Adding new functionality such as algorithms or more asset classes is much easier on this platform. Our integration with FIX Flyer gives customers built-in redundancy, deterministic order routing latencies and ensured non-stop service without requiring additional infrastructure investment.”
With rules-based logic for trading and back office processing, automated data order processing and high-speed APIs, the integrated platform provides an intelligently architected approach to electronic trading and order routing.
“Global brokerage firms trade multiple assets across many different geographies, which taxes their trading architectures in very specific ways,” said George Kledaras, chairman and co-founder of FIX Flyer. “FIX on TMX was designed to deal with the demanding performance requirements, heavy dependence on messaging and unique operational challenges they deal with every day. Unlike the legacy, software-based systems that many brokerage firms have, we are working with Tervela to deliver unparalleled speed, continuous stability, enterprise scalability and state of the art monitoring so they can overcome these challenges.”
Spoken like a tech vendor. Although it would be refreshing for one to talk about a low performance, high latency system for a change.
Capital Markets - Equities, Fixed Income, Derivatives • Comments • Trackbacks • Permalink