... we found that Solace offers the best combination of performance, scalability and stability, which has allowed us to deliver the best possible trading experience to our customers.
Ottawa, Ont. (PRWEB) July 19, 2016
Solace Systems announced today that Grupo Bursátil Mexicano (GBM), a leading Mexican investment and brokerage firm, has expanded its use of Solace messaging technology to improve the distribution of market data, trades and settlement information across their global business.
The new trading infrastructure is the latest GBM business service to be migrated onto a Solace-based Enterprise Service Bus (ESB) that has been in production for more than two years. This ESB, which has experienced 100% uptime since going live, routes a wide range of information between front, middle and back-office applications responsible for risk management, clearing, settlement and more.
“GBM offers the most advanced electronic trading platform in Latin America, and maintaining that advantage is a critical part our strategy for success,” said Artemio Guerrero, CIO of GBM. “When we evaluated data distribution technologies for our next-generation infrastructure we found that Solace offers the best combination of performance, scalability and stability, which has allowed us to deliver the best possible trading experience to our customers.”
As just some functions of the trading platform, GBM uses Solace technology to stream market data from the Mexican Stock Exchange (BMV) and Mexican Derivatives Exchange (MexDer) to traders and trading engines so they can track market trends, identify opportunities and initiate trades. Solace is also used to efficiently route clearing and settlement information to Asigna, the BMV’s settlement house.
“We look forward to helping GBM enhance the functionality and performance of their electronic trading platform,” said Craig Betts, CEO of Solace Systems. “Their adoption of our technology is a testament to the value of our solution, and adding a company of GBM’s caliber to our growing customer base will be a catalyst for our growth in Latin America.”
GBM envisions their Solace-based ESB as a messaging layer that serves their entire business, and they are working on migrating additional systems such as co-location services and interbank electronic transfers to this common infrastructure.
About Grupo Bursátil Mexicano
Grupo Bursátil Mexicano (GBM) is a Mexican independent investment and brokerage firm with more than 30 years of experience in Mexico's financial market. They are the largest independent Mexican financial institution listed on the BMV (Bolsa Mexicana de Valores). GBM has consolidated local sales-research teams in Chile, and Mexico and has one of the most advanced electronic platforms in the region. http://www.gbm.com.mx/
About Solace Systems
Solace provides technology that improves the speed and efficiency with which information flows between applications, connected devices, datacenters and people. High-speed, reliable information sharing is a critical part of modern IT initiatives from accelerating legacy business processes to enabling big data, cloud computing and the Internet of Things. Solace unifies many kinds of data movement so companies can cost-effectively move all of the information associated with better serving customers and making smarter decisions. To learn more visit http://solacesystems.com.