Tervela Message Network Combined with Professional Services Enables
Financial Firms to Exceed High-Performance Options Processing Requirements
NEW YORK, Oct. 7 /PRNewswire/ -- Tervela, the leading provider of
high-performance, low-latency messaging systems, today announced an
integrated options market solution designed to exceed the unique and
challenging demands of the options industry. The offering couples the
Tervela Message Network(TM) with professional services and high-performance
options processing capabilities to deliver the predictable low latency,
ultra-high message throughput, resiliency and scale required in today's
volatile, high-volume trading marketplace.
"As firms pursue cross-asset strategies and add options processing to
their trading environments, the demands that legacy financial messaging
systems are required to handle increase," said Kevin McPartland, senior
analyst, TABB Group. "Market makers and other firms looking to leverage
options must be able to seamlessly integrate messaging systems and critical
applications like FIX engines, algorithms, market adapters and feed
handlers to their current architectures to prevent against system failures
or their competition will leap ahead of them - and stay there."
Tervela's options market solution is available as a five-phase program
that seamlessly integrates with existing infrastructures to get firms up
and running to reliably handle fluctuating market conditions. By
integrating various components of the Tervela Message Network with Options
Price Reporting Authority (OPRA) data, exchange feeds, last known value
services, book services, FIX processing, archival and more, the program can
be customized to meet immediate market data distribution, options market
making, automated trading and co-location requirements while laying a
scalable foundation for the future.
"In today's volatile marketplace, no one understands what peak is
anymore. You just can't approach an options project with an equities
mentality; it's far more extreme," said J. Barry Thompson, Co-Founder and
CTO of Tervela. "Consider the Options Clearing Corporation who just last
month set a new daily volume record of 26,647,538 contracts. Events like
this further validate the need for a scalable messaging solution that can
easily handle high-volume, latency-sensitive data distribution."
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
+1 (212) 410-2254 +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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