Tervela’s messaging architecture is a real differentiator that offers flexibility and openness that doesn’t exist in other alternatives. The Tervela platform delivers the scale, performance and reliability that our business demands.
New York, NY (PRWEB) August 31, 2010
Tervela, the pioneer of hardware-accelerated messaging systems, and Allston Trading, LLC, a premier market maker in more than 30 financial exchanges worldwide, today announced that Tervela’s messaging platform has been chosen to enable a more information-rich trading environment while monitoring application performance, network health, and end-to-end latency in real-time.
Based in Chicago, Allston Trading is an automated, low latency trading firm that deals in an increasingly complex mix of stocks, bonds, futures, options and other financial instruments from around the world. Allston’s broad range of trading strategies results in large and very spiky flows of data into, within and out from the Allston environment that can overwhelm traditional messaging systems.
“Tervela has provided us the ability to quickly deploy a very robust low latency messaging platform that traditionally our developers would need to build from scratch,” said Peter Nabicht, Chief Technology Officer at Allston Trading, LLC. “Now our developers can spend their time adding value to our core infrastructure rather than building it. Tervela gives us a new foundation for the next phase of our company’s growth.”
Tervela’s product line – the TMX-500 Message Switch, TPE-500 Persistence Engine, and TPM Provisioning and Management System – combine to create a highly scalable, low latency messaging data fabric that delivers predictable performance even in the most chaotic market conditions. Allston Trading will utilize the Tervela messaging platform for ultra high speed guaranteed messaging that enables a new array of applications that improve real-time trading strategies, operational control and regulatory compliance.
“Tervela was the obvious choice for Allston,” continued Nabicht. “Tervela’s messaging architecture is a real differentiator that offers flexibility and openness that doesn’t exist in other alternatives. The Tervela platform delivers the scale, performance and reliability that our business demands.”
“We’re pleased for the opportunity to work with Allston,” said Eric Schnadig, CEO of Tervela Inc. “Allston Trading is one of the most technologically advanced proprietary trading companies in the world and their vision for how trading strategies need to evolve is a beacon for those firms struggling to address the performance challenges of today’s market environment.”
About Tervela
Tervela designs and delivers next-generation, enterprise-class messaging platforms used by data-intensive organizations for better competitive execution regardless of increasing volume, time sensitivity and global distribution requirements of business-critical information. Deployed and in production in some of world’s most demanding data centers, Tervela’s flagship TMX product line incorporates specialized hardware-acceleration, processing intelligence and an extensible, open architecture that enables customers to rapidly deliver new projects and invigorate existing applications while lowering the risk and cost compared with traditional messaging and middleware solutions. For more information, please visit http://www.tervela.com.
All rights reserved. Tervela and the Tervela logo are registered trademarks of Tervela Inc. All other trademarks are properties of their respective owners.
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