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Standard Chartered Bank selects Solace Systems for FX trading platform

First Published 20th September 2010

Infrastructure to support real-time flow of information between trading venues

Craig Betts, CEO, Solace Systems: "We are pleased to be adding one of the premiere global banking institutions as a partner."

Solace Systems, the provider of middleware appliances, has announced that Standard Chartered (SCB) PLC has selected Solace Systems to provide the messaging infrastructure for their foreign exchange trading platform. Solace 3260 message routers will initially be deployed in Singapore, Kuala Lumpur, London and New York to provide messaging between Standard Chartered trading venues.

"As an organization in the midst of managing rapid growth across a large geography, Standard Chartered knows that investing in a long term strategy for messaging infrastructure is crucial," said Anthony Hodge, Standard Chartered's head of infrastructure solutions. "After an extensive review of available technologies, we realized that Solace met or exceeded our needs today and into the future."

"Standard Chartered's vision for the future of international banking positions them well for continued success," said Craig Betts, CEO of Solace Systems. "We are pleased to be adding one of the premiere global banking institutions as a partner in building a robust global backbone for trading on the foreign exchange market."

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