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The world’s most demanding financial services organizations rely on messaging for all their critical information dissemination and processing for market data distribution, market making, order routing and other critical applications in both the front and back office. High-performance electronic trading is a critical part of the equation. Escalating data volumes continue to feed the insatiable appetite of today’s trading infrastructure, yet that information is frequently rendered useless by large and erratic message latencies resulting from both market volatility and antiquated software-based messaging systems and message-oriented middleware.
The risks have never been higher; when a messaging system fails—which happens all too frequently—a firm is out of the market. That’s the ultimate business risk in financial services, whether for a top-tier investment bank, an exchange, a hedge fund or any institution that relies on trading for its existence. Because messaging systems are at the core of the vast array of financial services applications, they are often the prime culprit when firms are involuntarily temporarily forced out of the market. The Tervela Advantage
In response to increasing demands on enterprise messaging systems, Tervela fundamentally changed the capabilities of messaging systems with a new infrastructure for messaging, the Tervela Message Network™, made possible by the development of the Tervela TMX Message Switch™.
The TMX is an optimized, silicon-accelerated platform whose core function is consistent, reliable high-performance messaging—even during the most volatile market conditions. But performance is just one requirement for today’s high-performance trading infrastructure; the other is intelligence.
Messaging systems don’t exist in isolation; they are part of a broader ecosystem of publishers, subscribers and networks, all with diverse and evolving operational characteristics. Not only does an intelligent message switch offload much of the core messaging functionality of these other constituents, it continually monitors and adjusts its message processing based on the state of these constituents, recognizing such issues as:
The Tervela Message Network decouples publishers of critical financial information from the consumers, thereby removing any operational dependencies and increasing responsiveness, resiliency and availability. The result is extremely high performance, predictable ultra low-latency and continuous operations even during the most volatile periods.
Legacy, software-based messaging systems and message-oriented middleware no longer have the capability—regardless of the number of servers thrown at the problem—to ensure that a firm can remain in the market during the most volatile conditions, especially since times of volatility are precisely the times where fortunes are won and lost.
The Tervela Message Network ensures sustainable speed, continuous stability, and unlimited scalability for the most demanding, data-intensive organizations. For more information, read further about the TMX or review how the TMX can be deployed to support more efficient market data distribution, market making and order routing. |
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