Content about Messaging, Data Fabrics and Local Networking

With the release of its low-latency FTL messaging product, Tibco Software aims to "dominate in the front office," a space where it got started in the mid 1980s and then became ubiquitous with its TIB and Rendezvous offerings. Having since diversified into the non-financial markets with a number of enterprise information products, the company is now emphatically returning to its roots.

No apologies for the headline. It's not meant to suggest any favoritism towards the company, but rather to signal my delight that the low-latency messaging space is about to get even more competitive. And that's going to drive down both latencies and the cost of messaging systems. All good stuff, methinks. But my excitement is not just because the low-latency market is hotting up .... it's because a company that I've followed since I began writing about financial technology in the late 1980s is back, and looking for a fight. Those kind of market dynamics make my job more interesting, and hopefully that's the case for the low-latency.com community too.

Solace Systems, the leading provider of hardware-based middleware, today announced the London Stock Exchange Group (LSE Group) has selected Solace's Unified Messaging Platform to provide a high throughput persistent messaging infrastructure for their new Downstream Staging System.

Fixnetix announced today that Equiduct has renewed a multi-year contract for ultra-low latency market data. Equiduct leverages Fixnetix data to facilitate pan European best execution for the retail community and to create proprietary data products including a pan European consolidated order book and the volume weighted best bid and offer (VBBO). The continued relationship is an endorsement of both organisations, strategically positioned to provide the fastest and most robust European equities platform.

Impulse Accelerated Technologies and Intilop Corporation announced today an agreement to interface each company’s IP to create a portable, FPGA-based TCP stack plus client logic system. This system will enable internet connected appliances to parse, filter, trade, and process streaming data at 10 Gb/s, for a 10X speed advantage over many software based solutions. Effectively, data over the network comes in, TOE accelerates TCP connections, and Impulse C is used to create hardware deployed filters, convolutions, encryptors, financial packet “sniffers” or any other process which requires low latency and limited jitter impact. Moving these applications into hardware, closer to the network stream relieves the host processor, significantly reduces latency and jitter, and opens up multiple possibilities.

Quod Financial, a global provider of adaptive trading technology, today announced that it has integrated Informatica’s Ultra Messaging product family (previously 29West), including Ultra Messaging Streaming Edition (UMSE), Ultra Persistence Edition (UMP) and Ultra Messaging Queuing Edition (UMQ) in its underlying platform – the Adaptive Execution Platform (AEP) – to provide its clients seamless communication and accelerated trading.

Solace Systems, the leading provider of messaging middleware appliances, today announced that it has closed a round of growth equity financing from Tandem Expansion. Solace has experienced consistent growth over the past several years and plans to use the funds to accelerate its already rapid global expansion. Solace was recently ranked 14^th in the Deloitte 2010 Canadian Fast 50, a ranking of the 50 fastest growing technology companies in Canada, with a 5 year growth rate of 2296%.

Allston Trading, a high frequency market maker in over 30 financial exchanges worldwide, has installed a Tervela hardware accelerated messaging platform to support application development and monitor application performance, network health and latency in real time.

Solace Systems, the leading provider of messaging middleware appliances, today announced that Serisys Solutions Limited will begin distributing Solace’s hardware-based middleware products to financial firms in China.

Completing its transition from an ECN to regulated exchange status, Jersey City-based Direct Edge today announced the launch of trading across all stock symbols on its EDGA and EDGX "next generation" trading platforms, the result of almost two years of planning and collaboration with a raft of technology partners, including Microsoft, HP, Intel and Cisco Systems.

Messaging specialist 29West has published results of performance tests on its IPC (Inter-Process Communication) transport, which push the latency of message transfer to well below one microsecond.

Solace Systems, the leading provider of middleware appliances, announced today that Two Sigma Investments, LLC ("Two Sigma"), a leader in process-driven, systematic trading, has selected Solace's JMS messaging solution for use in its core trading infrastructure. The platform will support numerous application-based messaging functions within Two Sigma, which has multiple offices and several billion dollars of assets under management.