Financial Firms Can Now Scale, Store and Extend Messaging Services to
Unprecedented Levels without Impacting Transport Network and Applications
NEW YORK, June 10 /PRNewswire/ -- Tervela, the leading provider of
high- performance, low-latency messaging systems, today announced version
3.0 of its messaging solution. The release introduces the Tervela Message
Network(TM) platform, which includes new product lines for high-performance
messaging, persistence and common extensible application services.
The Tervela Message Network is a next-generation architectural
framework that serves as the foundation for high-performance trading
infrastructures and other data-intensive compute environments. As an
easily-integrated mezzanine layer that sits between the transport network
and the applications, Tervela's 3.0 platform ensures unparalleled message
throughput, predictable and consistent low-latency, scalable data
distribution, functional extensibility and operational continuity.
"Increasing options data volumes and volatile market conditions are
putting incredible strains on trading infrastructures," said Vijay
Oddiraju, CEO, Volante Technologies, provider of low-latency data
integration solutions. "Companies, like Tervela, are providing new ways for
firms to develop smarter, next-generation trading systems by attacking the
root cause: the increasing degradation of legacy messaging systems."
The 3.0 platform introduces the Tervela TPE Persistence Engine(TM) -- a
hardware solution fully integrated into the Message Network that captures
all message traffic without impacting application-level performance. Easily
configured to store a wide range of specified topics over varying
publishing volume levels, the TPE is able to address demanding message
storage requirements driven by regulatory and audit challenges -- even
under the most volatile market conditions. These topics, which include
market data and order routing information, are automatically recorded and
available for immediate playback to support market simulations, data mining
and automated scenario building.
The 3.0 platform also introduces the Tervela TSE Service Engine(TM) --
a hardware solution fully integrated into the Message Network that
seamlessly provisions common extensible applications such as intelligent
order routers, FIX engines and book services without infrastructure
reengineering. The TSE allows trading system logic to reside "in the
network", thereby delivering unprecedented calculation and execution speed
without jeopardizing the stability of the broader trading infrastructure.
"Since its introduction, the Tervela TMX Message Switch proved the
efficacy of a messaging solution engineered from the ground up for high-
performance, low-latency messaging," said J. Barry Thompson, Co-Founder and
CTO of Tervela. "With this release, we are extending our messaging solution
to a customer-driven, extensible and scalable platform that adds
intelligence into the network. By fundamentally changing the data
distribution equation for even the most demanding firms, Tervela will
become the foundation for high- performance trading infrastructures of the
future."
About Tervela
Founded in 2004, Tervela delivers the next-generation communications
infrastructure -- the Message Network -- designed and engineered to exceed
the information dissemination and processing requirements of the world's
most demanding financial services institutions. Addressing the challenges
of market volume, volatility and visibility, Tervela invented the message
switch to enable investment banks, hedge funds, exchanges and other
data-intensive organizations to deliver consistent, outstanding and
predictable performance -- even in the most demanding market conditions.
The company is funded by Goldman Sachs, Sigma Partners, Acartha Group and
North Hill Ventures. For more information, please visit
http://www.tervela.com.
Media Contacts:
Steph Johnson Kyle Peterson
Page One PR for Tervela Page One PR for Tervela
Tel: 1-212-410-2254 Tel: 1-415-321-2349
steph@pageonepr.com kyle@pageonepr.com
SOURCE Tervela
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Related links:
http://www.tervela.com
CONTACT:
Steph Johnson, +1-212-410-2254,
steph@pageonepr.com, or Kyle Peterson, +1-415-321-2349,
kyle@pageonepr.com, both of Page One PR for Tervela
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