29West solutions have been rigorously tested in real world trading environments at exchanges and top banks globally, and have been proven by us to be robust under the most demanding of market conditions. We are very excited about what UME can do to bring a similar success to Singapore and the regions financial markets
Singapore (PRWEB) July 29, 2008
Serisys Solutions and 29West Inc. announce the introduction to Singapore and South East Asia of 29West's high performance data messaging solutions. These are used extensively by trading firms, banks and financial exchanges that require infrastructures supporting high throughput with very low latency to compete in local and cross border markets.
As the established leader in High Performance Messaging, 29West has over 100 deployments around the world, including Singapore, of its Ultra Messaging® for the Enterprise (UME) and Latency Busters® Messaging (LBM) solutions. Eight of the top 10 global investment banks have chosen 29West for their very low latency data messaging solutions.
The UME solution provides support for persistence to applications that require extremely low latency processing coupled with guaranteed delivery and data retention. Latency Busters® Messaging (LBM) for streaming data is the underlying architecture of the UME solution and delivers over 2.4 million messages per second in under 50 microseconds of latency on commodity hardware. Also available as a stand-alone product, LBM provides a high performance application-to-application design that maximizes network efficiency and stability.
Well-established algorithmic and proprietary traders in Singapore and in the region increasingly demand high velocity trading solutions that can tap sub-millisecond opportunities. Singapore Stock Exchange is the first exchange in Asia to offer traders sub-millisecond access.
"29West solutions have been rigorously tested in real world trading environments at exchanges and top banks globally, and have been proven by us to be robust under the most demanding of market conditions. We are very excited about what UME can do to bring a similar success to Singapore and the regions financial markets," says Tim Marsh, Chairman of Serisys Solutions.
"We are extremely pleased to be working with our partner Serisys Solutions in Singapore. With financial firms in Singapore having already deployed 29West messaging, we see significant opportunity as Singapore continues to grow as a global center for financial technology development. Just over the last year we have seen a number of global banks' Singapore-based development centers involved in development projects integrating 29West High Performance Messaging," says Kurt Klein, 29West's Director of APAC.
Serisys provides IT services and world class IT solutions to the capital markets and banking industries in the Asia Pacific region. Services include Application Service Provision (ASP), application implementation and application support. Serisys is headquartered in Hong Kong with offices in Singapore and Tokyo. For more information, visit http://www.serisys.com
About 29West, Inc.
29West is the leader in high-performance, low-latency messaging solutions for financial institutions. With its initial release in November 2004, 29West's Latency Busters® Messaging (LBM) set a new standard in performance for financial market messaging and has been deployed in more than 100 firms worldwide, including eight of the top 10 global investment banks. With the introduction of Ultra Messaging® for the Enterprise (UME) at the end of 2006, 29West brought the unique Parallel Persistence® design to guaranteed messaging. Where other solutions send first to a store and then to the end receiver, 29West UME solutions send to the end receiver in parallel with delivery to the store, resulting in dramatic increases in throughput and drops in latency. With offices in Chicago, New York, London and Tokyo and partners in Hong Kong, Singapore and Sydney, 29West supports the financial markets worldwide. For more information, visit http://www.29west.com
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