Serisys and 29West's solutions are globally recognized for enabling low-latency applications. We are very excited about what UME and LBM can do for financial institutions in the Asia Pacific region
Singapore (PRWEB) September 23, 2008
Serisys Solutions Ltd. and Catena Technologies Pte. Ltd. announced their partnership to deliver low latency trading solutions to hedge funds, banks, and financial exchanges. Low latency messaging is used by financial institutions in various markets to provide firms with a competitive advantage. Low latency is critical when executing automated trading strategies and providing high-end brokering services, such as direct market access, to customers.
Catena will work with Serisys to deliver solutions based on 29West's low latency messaging platform. Eight of the top 10 global investment banks have chosen 29West for their very low latency data messaging solutions. 29West's Latency Busters® Messaging (LBM) technology supports streaming data rates of over 2.4 million messages per second in under 50 microseconds of latency on standard, off-the-shelf hardware. The Ultra Messaging® for the Enterprise (UME) product extends LBM by providing support for persistence to applications that require extremely low latency processing coupled with guaranteed delivery and reliable failover recovery.
"Serisys and 29West's solutions are globally recognized for enabling low-latency applications. We are very excited about what UME and LBM can do for financial institutions in the Asia Pacific region," said Randall E. Duran, CEO of Catena Technologies. "Sell-side brokers who provide direct market access services can gain a solid edge on competitors by minimizing network latency using 29West's products. Likewise, this technology provides a major opportunity for hedge funds and proprietary trading desks to benefit from reduced turnaround time on transaction execution."
"Catena's in-depth knowledge of trading systems and messaging is unique and fits well with Serisys' and 29West's product offerings. Given the growing demand for ultra low latency messaging in Asia Pacific, their hands on experience with high-performance trading systems will be advantageous to customers who want quickly to achieve their target returns on technology investment," said H.K. Mo, CEO of Serisys Solutions.
About Serisys Solutions Ltd.:
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 Catena Technologies Pte. Ltd.
Catena Technologies specializes in technology architecture and design of financial service solutions. With over two decades worth of experience in the global financial markets, Catena Technologies, combines subject matter expertise with in-depth technology design and delivery capabilities. For more information, visit http://www.catena-technologies.com.