ExoSonic releases version 2.0 of its Financial Server

ExoSonic, a leading provider of e-finance infrastructure and financial components for the Java platform, today announced the release of version 2.0 of its Financial Server. This release consists of additional services that improve the reliability and efficiency in sourcing, optimizing and delivering real-time market information, as well as new vendor data connectors.

The ExoSonic Financial Server is a framework to access financial content from various providers through a single unified interface. Using the Financial Server and its multiple feed connectors, applications are not linked to any market data provider specific interface. This provides the flexibility to integrate sources of financial content from a wide variety of providers with minimal changes to applications. Furthermore, the Financial Server provides services to help lower the cost and improve the accuracy of financial content consumed.

The latest version of the Financial Server raises the bar for market data management solutions. It integrates a "Service Monitor" that offers a convenient way of administrating and monitoring services within the Financial Server. The "Intelligent Cache" stores frequently queried data, thereby improving response times. Furthermore, the Service Monitor" intercepts data transmission errors and maintains an audit trail of anomalies encountered. Such features help reduce errors and manual processing, ultimately improving data consistency across applications.

"Version 2.0 of the Financial Server sets new standards in managing the market data process both from an accuracy and cost perspective," said Fulco Houkes, CTO of ExoSonic. "With these improvements, the Financial Server is in an even better position to address the burgeoning demand by financial institutions for the consolidation of market data across the enterprise."

For more information about ExoSonics Financial Server, please visit: http://www.exosonic.com/fs.html

About ExoSonic: ExoSonic is at the forefront of J2EE component-based development geared towards the financial services sector. Using Java technology, the ExoSonic Financial Server provides financial institutions with a reusable framework of design patterns for developing and deploying large-scale, mission-critical distributed enterprise applications and Web services that can be delivered across multiple-channels. By leveraging our framework and its business logic components, financial institutions can jump-start their J2EE development efforts by several months, thereby benefiting from reduced costs and improved profitability -- the true qualities of the 'agile enterprise.