Tervela Launches Partner Program
First Published Monday, 9 June 2008 from Automated Trader : Data News
FIX Flyer, Portware, Volante and Celoxica Leverage Tervelas Message Network To Transform Trading Infrastructures
“The Tervela Message Network is an intelligent, extensible, high-performance messaging platform engineered to exceed the requirements of the world’s most demanding, data-intensive, financial services organizations,” said Bob Cramer, CEO, Tervela. “It consists of networked, hardware-based Tervela TMX Message Switches™ that provide unparalleled message throughput, ultra low-latency, unlimited scale, and high availability. With TAPP we’re extending our solution to include best-of-breed partner offerings so our customers increase their competitive advantage without having to overhaul their systems from the ground up.”
Tervela has chosen partners with solutions designed to take on the demanding performance requirements and operational challenges of high-performance trading infrastructures. Integrated solutions offered by TAPP members are as follows –
- Tervela and FIX Flyer (www.fixflyer.com) provide an integrated electronic high-performance order routing platform that includes rules-based logic for trading and back office processing. Benefits include the ability to send and process orders for low-latency trading and increased operational efficiency from consolidating systems and network connections into a simple managed strategy. The combined solution gives traders the ability to safely handle unforeseen spikes in volume during volatile markets.
- Tervela and Portware (www.portware.com) provide a solution that enables firms to leverage algorithms and automated trading strategies across multiple asset classes (Equities, FX, Futures and Options) from a single interface. Benefits include the ability to take advantage of trading opportunities instantaneously while reducing risk.
- Tervela and Volante (www.volantetech.com) enable ultra low-latency integration of incoming real-time data or messages from any source or platform, as well as downstream processing of Tervela message flows. Benefits include the ability to normalize multi-sourced data, support industry standards, and develop and test market data applications. Time and costs are dramatically reduced because the need for hand-coded integration is virtually eliminated.
- Tervela and Celoxica (www.celoxica.com) provide a microsecond foundation for market data distribution to enterprise-wide systems that include pricing engines, matching engines and automated trading systems. Benefits include the ability to connect to multiple execution venues and source unprecedented levels of market data more quickly with a drastic reduction in the overall trade lifecycle.
"In today's real-time financial markets, the proliferation of dynamic, high-volume, time-sensitive data creates many problems," said Bob Pasker, independent technology consultant and Java luminary. “Together with its TAPP partners, Tervela is now able to deliver an architecture that will have a revolutionary impact on the efficiency of data distribution and delivery. With fully integrated components, the combined solution provides a single interface to deliver access to real-time market data and consistent message processing regardless of market volatility."
- Automated Trader Updates
Following the launch last week of Bloomberg Tradebook’s new MTRX algorithm, Bloomberg has this week introduced its correlation-weighted currency indices, a tool for measuring the strength of currencies....continued
- ICAP Electronic Broking selects Tervela for messaging infrastructure
Eric Schnadig, CEO, Tervela: "An esteemed institution such as ICAP crowns a portfolio of blue-chip firms who use Tervela messaging for their critical information needs.” ICAP has selected Teresa and its TM platform as the foundation for the messaging infrastructure for its electronic broking division, ICAP Electronic Broking....continued
- 360T and RCP announce alliance
Paul Burgess, head of strategy, RCP: “We now have the ability to provide rapid, cost-effective solutions to any bank’s internal and external STP and messaging requirements.” FX industry provider RCP, and 360T, the provider of web-based trading technology for OTC instruments, integration solutions and related services, have announced the launch of a new service for 360T’s clients, offering RCP’s solutions in conjunction with B2Hub....continued
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