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Azul Systems forms partnership with Japan's Simplex Consulting

10 July 2013  |  1577 views  |  0 Source: Azul Systems

Azul Systems, the award-winning leader in Java runtime scalability, today announced the formation of a commercial partnership with Simplex Consulting Inc., Japan's leading edge solution provider of financial technologies.

Under the agreement, Simplex will add Azul's Zing Java Virtual Machine (JVM) to its portfolio of Java-based trading solutions which includes Simplex FX (FX trading platform), Simplex PRISM (derivatives front/middle office solution suite), Simplex BLAST (equities and listed derivatives front/middle office solution suite) and will promote Zing to its new and existing clientele. The combination of Zing and Simplex's solutions will provide reliable, dependable and high throughput delivery of messages, low latency for market access or algorithmic trading, and high performance for large, memory-consuming risk calculations for various asset classes such as CVA (credit value adjustment) risk calculations.

When developing trading systems, financial institutions face the time-intensive dilemma of building from scratch or using a combination of existing software components. Simplex solves this problem by using its own proven components to build high-quality trading systems rapidly. Through the Azul collaboration, Simplex can now distribute a trading platform which eliminates the business risks associated with Java application pauses, latency spikes and traditional memory ceilings, while guaranteeing improved application response times and throughput, eliminating latency outliers, and reducing the risk of revenue loss.

The Zing JVM is the new reference standard for Java performance and the only solution that delivers consistently predictable low latency and certainty of execution with a quick time to value, requiring zero code changes and without disruption to an organization's existing infrastructure. In addition, Zing includes a unique zero-overhead monitoring and management capability that provides complete visibility into Java applications in production helping operations teams to identify and resolve problems in a timely manner.

Hidekazu Sugiura, Partner at Simplex Consulting commented; "Before we signed an agreement with Azul Systems, we conductted a three (3) month Java benchmarking exercise to evaluate the effectiveness of Zing with our equities trading system. Our findings concluded that Zing immediately reduces latency jitters with minimal tuning effort. Latency and Java application performance are business-critical issues for many of our customers, hence the strong interest in promoting Zing. It is by far the best JVM on the market for any industry sector capitalizing and wanting to leverage low latency with application efficiency."

Scott Sellers, CEO of Azul Systems, stated: "In Japan, Simplex is a highly respected software vendor for the financial community. Simplex customers demand high quality and flawless execution. By combining Zing with Simplex's proven trading platforms and building blocks, we can jointly deliver best-in-breed solutions to the financial sector." 

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