AMQP 1.0 is an important standard for INETCO's financial services customers as it provides them a vendor independent transport on which to do transaction messaging - Angus Telfer, CTO of INETCO
Vancouver, Canada (PRWEB) September 15, 2010
INETCO™ Systems Limited, leaders in business transaction management for the financial services industry today announced their support and active participation in the Advanced Message Queuing Protocol (AMQP) Working Group.
Backed by more than 20 financial service institutions and vendors, the AMQP Working Group was formed to drive the development of a vendor neutral, platform agnostic message protocol that will lower the costs associated with middleware software integrations through interoperable business messaging.
INETCO will be adding AMQP 1.0 to the extensive list of financial protocols and proprietary message formats already supported by the INETCO Insight™ business transaction management software. This will enable customers to monitor and capture the performance of every value-bearing transaction as it travels across critical application components, virtual environments and distributed system infrastructures, all in real-time.
"AMQP 1.0 is an important standard for INETCO's financial services customers as it provides them a vendor independent transport on which to do transaction messaging," says Angus Telfer, CTO of INETCO. "As well, it is an ideal protocol for passing real time data around in cloud environments. For this reason, we are also using it for communications between the different components of our INETCO Insight product."
Traditional efforts by banks and stock exchanges to optimize the cost of their IT infrastructures and automate electronic transactions have been limited by proprietary vendor and legacy protocols. AMQP 1.0 is an open standards wire protocol that eliminates the communication gaps between proprietary middleware products written for different platforms, critical systems and application components located within enterprise and external systems. By complying with the AMQP 1.0 standard, value-bearing transactions can be sent across and between organizations and virtual cloud computing environments in a more efficient and secure manner.
Examples of these transactions include:
- External communications to customers, such as reliably disseminating timely stock information fairly to all clients, with minimal delays.
- External back end communications with companies and service providers, such as conducting financial exchanges between banks, stock exchanges and other financial service institutions.
- Internal communications between application components such as accepting and processing orders from clients or distributing price and inventory information in real-time across global networks.
To learn more about AMQP 1.0, view this video entitled “AMQP Will Set You Free”, featuring Loki Jorgenson, Chief Scientist at INETCO: http://www.youtube.com/user/tofinotofin#p/a/u/0/DWIzime-J2w .
About the AMQP Working Group
There are now dozens of people from different firms working closely together toward the common goal of an open capable standard for message oriented middleware. In addition to INETCO, the AMQP Working Group is being backed by the likes of Bank of America, N.A., Barclays Bank PLC, Cisco Systems, Inc., Credit Suisse, Deutsche Börse Systems, Goldman Sachs, JPMorgan Chase Bank & Co., Microsoft Corporation, Novell, Progress Software, Rabbit Technologies, VMware, Inc., Red Hat, Inc., Solace Systems, Inc., Tervela, Inc., TWIST Process Innovations, WSO2, Inc., 29West Inc., and Informatica. For more information visit: http://www.amqp.org .
INETCO™ Systems Limited offers business transaction management software, professional services, and communications gateway solutions for the financial services industry. The Company’s flagship product INETCO Insight™ provides IT operations with a systems-wide view into the performance of all business critical applications and networks to proactively identify transaction anomalies, isolate application performance issues, and manage complex, ever-changing payment processing environments. A recognized technology leader in payment transaction protocols, INETCO products are currently deployed within financial service environments in more than 50 countries. Customers that have deployed the INETCO Insight solution include Open Solutions, Moneris Solutions, First Data, Jack Henry & Associates, Inc., Fidelity National Information Services, TNSi, and Telecom New Zealand. INETCO is based in Vancouver, British Columbia. For more information visit: http://www.inetco.com
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