Media Coverage

October 19, 2009 — Securities Industry News - Reducing the latency of clouds is critical to getting more widespread adoption on Wall Street. To accomplish this, cloud providers try to minimize three key factors: the total distance that data has to travel, the number of hops that data has to make, and the turnaround time at each hop. If data was an a passenger going on a trip, this would be equivalent to picking a closer destination, opting for the flight with the fewest transfers, and choosing airports that are easy and fast to navigate.  Read more »

September 8, 2009 — Automated Trader -Tervela has named Eric R. Schnadig as chief executive officer, succeeding J. Barry Thompson, Tervela’s founder, who takes over as chief technology officer.  Read more »

June 25, 2009 — Automated Trader -Tervela, the provider of open, intelligent, hardware-accelerated messaging systems, has announced the introduction of its Tervela TMX-500 Message Switch™.  Read more »

June 3, 2009 — Automated Trader -Tervela, the provider of open, intelligent, hardware-accelerated messaging systems, and Arista Networks, the vendor of low-latency 10 Gigabit Ethernet (10GbE) and Cloud Networking Solutions, have partnered to offer an extensible, high-performance messaging architecture to address the unique challenges of the financial services sector and other contemporary computing environments.  Read more »

March 4, 2009 — Securities Industry News - In development since 2004, the advanced messaging queuing protocol, or AMQP, will gain greater visibility, and perhaps wider acceptance, with the beta release of its 1.0 version next month.  Read more »

March 3, 2009 — Automated Trader - Tervela has announced the availability of version 3.5 of its Tervela Message NetworkTM platform. This release introduces the Tervela Open Data Framework.   Read more »

March 2, 2009 — A-Team Group - Tervela has introduced version 3.5 of its Tervela Message Network platform, a hardware-accelerated, low latency messaging appliance, including the Tervela Open Data Framework, a toolset for data management and interoperability.  Read more »

March 2, 2009 — DWT - Hardware-based data acceleration platform provider Tervela announced today, March 2, that it has opened up its proprietary Tervela Message Network to third-party applications and protocols via its Tervela Open Data Framework, available with its version 3.5 release.   Read more »

March 2, 2009 — finextra.com - Tervela, the leading provider of hardware-accelerated, low-latency messaging systems, today announced the availability of version 3.5 of its Tervela Message Network platform.  Read more »

March 2, 2009 — Wall Street & Technology - Tervela, a provider of hardware-accelerated, low-latency messaging systems, today announced the availability of version 3.5 of its Tervela Message Network platform.   Read more »

March 2, 2009 — Inside Market Data - Hardware-based messaging technology vendor Tervela will this month unveil the latest version of its Tervela Message Network platform, which adds a new feature dubbed Open Data Framework that allows clients to utilize the vendor's platform to hardware-accelerate their existing middleware and software applications.  Read more »

March 2, 2009 — Inside Market Data - Last week's Oscars had a more diverse tone than many previous ceremonies, with Aussie host Hugh Jackman moving from one role to another, from bargain-basement stage decoration to all-singing, all-dancing Broadway-style numbers, and with Slumdog Millionaire sweeping the awards.   Read more »

February 18, 2009 — A-Team Group - Tervela, which sells a hardware-accelerated messaging appliance, has joined the Advanced Message Queuing Protocol (AMQP) Working Group, and plans to support AMQP in the next release of its TMX Message Switch product, as well as become an active contributor to the AMQP specification.  Read more »

February 18, 2009 — finextra.com - Tervela, a provider of hardware-accelerated, low-latency messaging systems, today announced it has joined the Advanced Message Queuing Protocol (AMQP) Working Group as part of its commitment to provide open and extensible solutions that drive interoperability.   Read more »

January 19, 2009 — DWT - An unnamed global investment bank is in production with a deterministic order-routing architecture that enables it to provide clients with service-level agreements on messaging between the broker-dealer and local cash equities exchange, according to officials from messaging platform provider Tervela and FIX engine provider FIX Flyer.  Read more »

January 17, 2009 — Technology & Finance - 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.   Read more »

January 9, 2009 — Automated Trader - Tervela and FIX Flyer have announced the first joint production customer for FIX on TMX, an integrated high‐performance order routing platform.   Read more »

January 5, 2009 — Inside Market Data - Technology is an increasingly important factor in gaining competitive advantage. As firms weigh the cost of risk management, low-latency and data storage technologies, Inside Market Data assembled a panel of data technology experts to discuss what new technologies will help their firms-and vendors-beat the economic storm in 2009.  Read more »

January 5, 2009 — Securities Industry News - Expectations have changed in the marketplace, says Bob Cramer, CEO of New York-based Tervela, a four-year-old market data distribution company in New York. A long-time technology executive, Cramer has led several start-ups and worked extensively with venture capitalists.   Read more »

January 5, 2009 — DWT - The new mandate for successful investment banking technology architectures is clear-they have to be fast, flexible and cheap. We live in interesting times. Program trading volumes continue to climb while the world is in the worst recession in more than half a century.   Read more »

December 15, 2008 — Automated Trader - The liquidity fragmentation trends in Europe have substantially accelerated since MiFID regulations have begun to be enforced.   Read more »

December 12, 2008 — Banking Technology - The baby is all grown up. BATS, the electronic communication network founded in 2005, has received exchange status from the SEC, making it the first ECN to reach this level organically. And it's not going unnoticed.   Read more »

November 13, 2008 — 451 Group - Messaging at hardware speeds provides stability during periods of high load and low latency.   Read more »

November 1, 2008 — Waters The Daly Close - It seems that my September column on approaching low-latency in a sane manner has kicked off a bit of discussion on the topic. In Rob Ciampa's letter (see page 7), he points out...  Read more »

November 1, 2008 — Waters Opinion - Rob Daly's September column, "Stop the Latency Insanity," is a harbinger for a much broader discussion on a systematic approach to addressing and analyzing latency across the entire trade-execution spectrum.   Read more »

October 10, 2008 — Wall Street & Technology - Tervela message network combined with professional services enables financial firms to exceed high-performance options processing requirements.   Read more »

October 7, 2008 — finextra.com - Tervela, the leading provider of high-performance, low-latency messaging systems, today announced an integrated options market solution designed to exceed the unique and challenging demands of the options industry.  Read more »

October 7, 2008 — Automated Trader - Tervela has announced an integrated options market solution designed to exceed the unique and challenging demands of the options industry.   Read more »

October 6, 2008 — Inside Market Data - Hardware-based messaging provider Tervela will this week unveil a version of its Tervela Message Network, specifically designed to address the needs of high-volume options market makers.   Read more »

September 22, 2008 — Automated Trader - Tervela has announced that SoftModule has joined the Tervela Advantage Partner Program (TAPP).   Read more »

September 18, 2008 — In the new era of microsecond latency, is the quickest path between two points a straight line?   Read more »

August 26, 2008 — Enterprise Systems - With the W3C approach, value-add service components, previously delivered on storage hardware stovepipes, are added to infrastructure at a network layer, using platforms from F5, Crossroads Systems, Tervela, or any number of other hosting appliances.   Read more »

August 1, 2008 — Chief Executive - Interestingly, Tervela a NY based provider of high-performance messaging systems, recently announced its Message Network can process over 10 million messages per second in a real-world test environment.   Read more »

July 10, 2008 — Datamonitor - Tervela has moved beyond its initial offering of messaging appliances for ultra-low-latency environments such as capital markets.   Read more »

June 30, 2008 — Securities Industry News - Latency in order routing and market data distribution is under siege.  Read more »

June 30, 2008 — InformationWeek - Today's data volumes are growing exponentially and companies have to keep up. Whether its work on Wall Street or at Wal-Mart, messaging systems need to adapt. Tervela has taken a hybrid approach - hardware and software - to solving this problem.  Read more »

June 23, 2008 — low-latency.com - Tervela, a leading provider of high-performance, low-latency messaging systems, has launched version 3.0 of its messaging solution, which introduces Tervela TPE Persistence Engine – a hardware solution fully integrated into the Message Network that captures all message traffic without impacting application-level performance.   Read more »

June 16, 2008 — DWT - Exhibit attendees saw a bit of Sifma history in the making as tight-lipped Davidsohn Group sported a rather restrained booth this year, leaving Tervela's go-go dancers and hippies vying for FTen's flying pigs and fairies competing for the title of the most old-school marketing display.  Read more »

June 12, 2008 — Wall Street & Technology - At Tervela's booth, executives in multicolored tie-dye t-shirts are touting a "Revolution" with the company's new 3.0 product...  Read more »

June 12, 2008 — A-Team Group - The Tervela booth is groovy!  Read more »

June 11, 2008 — IT Web - Tervela, a provider of high-performance messaging systems, has unveiled the Tervela Advantage Partner Programme (TAPP), says Bob's Guide.   Read more »

June 10, 2008 — Wall Street & Technology - Tervela among vendors featuring new latency-reducing solutions at SIFMA.   Read more »

June 10, 2008 — A-Team Group - Pete Harris, Editor-at-large at A-Team Group, talks to Vijay Oddiraju from Volante and Barry Thompson from Tervela.  Read more »

June 10, 2008 — Automated Trader - The Tervela Message Network is a next-generation architectural framework that serves as the foundation for high-performance trading infrastructures and other data-intensive compute environments.  Read more »

June 10, 2008 — Automated Trader - If you weren't already wearing shades because of the weather, you'd need them for the Tervela stand anyway.  Read more »

June 10, 2008 — Wall Street & Technology - Tervela (booth #1606), the company behind the hardware-based messaging switch, is introducing at the SIFMA Technology Management Conference the latest release of the Tervela Messaging Network (TMX).   Read more »

June 10, 2008 — A-Team Group - Tervela, (booth # 1606), a leading provider of high-performance, low-latency messaging systems, has launched version 3.0 of its messaging solution..  Read more »

June 9, 2008 — Automated Trader - Tervela has announced the new Tervela Advantage Partner Program (TAPP).  Read more »

June 9, 2008 — The Trade News - Ever-increasing volumes of data in the US market are posing a challenge to the buy-side, as it attempts to speed up its routing decisions.   Read more »

June 9, 2008 — A-Team Group - Low latency messaging system vendor Tervela - present at SIFMA booth # 1606 - has launched the Tervela Advantage Partner Program (TAPP).  Read more »

June 9, 2008 — Inside Market Data - Hardware-based messaging provider Tervela will this week announce version 3.0 of its operating environment, which includes an expansion of its messaging technology and two new products for storage and extensible messaging.   Read more »

June 6, 2008 — The Trade News - In the US trading environment, there is a vast array of execution venues.   Read more »

June 2, 2008 — The Banker - The Tervela Message Network, based on the Tervela TMX Message Switch, overcomes the challenges of market making by delivering a silicon-accelerated mes­sage transport.  Read more »

March 17, 2008 — Mass High Tech - Tervela Inc., a maker of messaging environments for financial companies, claims it has tested the fastest high-performance messaging system for financial transactions to date.   Read more »

March 10, 2008 — Securities Industry News - The Options Clearing Corp., exchanges, member firms and service providers are starting the laborious process of adapting their internal applications to conform to a new nomenclature.   Read more »

March 7, 2008 — Automated Trader - Much of the underperformance of messaging systems can be attributed to inadequate measuring tools and testing conditions.  Read more »

March 5, 2008 — low-latency.com - Tervela, provider of high-performance messaging systems, says its Tervela Message Network, officially launched in September 2007 (Low-Latency.com, September 19 2007), can process more than 10 million messages per second in a real-world test environment.   Read more »

March 4, 2008 — Automated Trader - Tervela has announced that the Tervela Message Network can process over 10 million messages per second in a real-world test environment.   Read more »

March 3, 2008 — Inside Market Data - According to the vendor, its messaging network-deployed on around 100 servers running more than 1,500 consuming applications over gigabit Ethernet.  Read more »

February 1, 2008 — Waters LIVEWIRE - Founder and CEO of hardware-based messaging solutions provider Tervela, J. Barry Thompson is on the board of the X-Prize Foundation-an educational non-profit prize institute.   Read more »

February 28, 2008 — low-latency.com - Tervela, developer of high-performance messaging systems, has named Robert Ciampa as its new vice president of marketing and Stephen Johnson as its chief financial officer.   Read more »

January 22, 2008 — Securities Industry News Special Reports - As the securities industry’s use of complex event processing extends beyond algorithmic trading, risk and liquidity management will benefit from increasingly sophisticated applications.   Read more »

January 14, 2008 — Mass High Tech - Former LiveVault Corp. president and CEO Robert Cramer has landed a new gig at Tervela Inc., a startup making a high-performance messaging switch for enterprises in high-volume industries, such as financial services.  Read more »

January 7, 2008 — The Trade News - Aite Group, a research and advisory firm, expects IT spending on global market data infrastructures to reach $7.8 billion by the end of 2010 as the pressure to keep up with speed and market fragmentation continues.   Read more »

January 7, 2008 — Securities Industry News - As the growth of algorithmic trading and new best-execution requirements create hefty challenges for market data processing and analysis, vendors respond with an array of solutions.   Read more »

January 7, 2008 — Inside Market Data - The financial services industry, having built its foundation on software-based messaging systems, now faces unprecedented risks associated with hitting the limits of this legacy infrastructure.   Read more »

January 7, 2008 — Inside Market Data - As trading becomes more automated and algorithmic, the relationship between market data and technology has become ever more tightly intertwined, and is driving greater focus on latency, new data inputs and struggling legacy technologies.   Read more »

January 2, 2008 — The Banker - Alan Duerden explores five important New Year’s resolutions that CIOs should be making for 2008 to ensure they deliver value for money.  Read more »

December 6, 2007 — low-latency.com - Tervela, developer of high performance messaging systems, has named Robert Cramer as CEO, to succeed Barry Thompson, Tervela’s founder, who becomes CTO.   Read more »

October 11, 2007 — 451 Group - The vendor is gaining ground in the financial services sector with its high-speed messaging appliance and hopes to duplicate this success in other verticals.  Read more »

October 23, 2007 — Institutional Investor - By comparison, trades still number in the single-digit billions. "There is no end in sight for growth," says J. Barry Thompson, CTO of Tervela.  Read more »

September 19, 2007 — low-latency.com - Despite its presence at shows like SIFMA earlier in the year, Tervela yesterday officially emerged from stealth mode and showcased its TVA-1000 messaging appliance.  Read more »

September 18, 2007 — Automated Trader - Tervela has announced a hardware accelerated messaging platform that gives the global banking industry the capacity to outpace the explosion of volume and volatility spurred by increasing levels of automation, regulation, and the emergence of new liquidity sources.   Read more »

September 17, 2007 — DWT - Emerging from stealth mode today, Sept. 17, hardware-accelerated messaging vendor Tervela announced that it has helped an unnamed tier-1 bank achieve sub-millisecond order-routing latency, sources tell DWT.   Read more »

September 17, 2007 — Inside Market Data - Tervela, a provider of hardware-based messaging infrastructures, will next month release a software development kit (SDK) that trading firms can use to develop feed handlers for capturing and normalizing data from incoming feeds for distribution over Tervela's platform.   Read more »

August 24, 2007 — Wall Street & Technology - With Reg NMS causing more quote message traffic in equities and options volume already exploding, vendors are pushing hardware acceleration to lower data latency.   Read more »