The Nasdaq Stock Market its to expand its use of Tibco Software's multicast internal data distribution technology for its next-generation quote-and-order-processing system, SuperMontage.
SuperMontage is Nasdaq's recently SEC-approved new trading system, which will be implemented on a global basis and customised for local needs. SuperMontage will display the total amount of trading interest in Nasdaq at the best bid price and at the best offer price, as well as two trading increments away from those prices.
SuperMontage, and the system that collects data from SuperMontage-Cache Services, will expand the use of Tibco's messaging technology TIB/Rendezvous and TIB/Hawk currently used at Nasdaq. The new architecture - using TIB/Rendezvous as the primary messaging infrastructure - will introduce a level of scalability necessary to support future growth says Nasdaq.
The proposed framework will rely on Tibco publish/subscribe technology and TIB/Adapter for ActiveDatabase for internal data dissemination, data capture and staging of all market events. System monitoring will be provided by the TIB/Hawk management suite of products.