California-based TimesTen has upgraded its flagship product, the TimesTen Real-Time Event Processing System, to offer improved throughput, recovery and availability.
TimesTen enables event-processing applications - such as trade order management systems, market data ticker plants and risk analysis software - to capture, store, use and distribute data in real-time.
The upgrade allows multiple users to access and share the same data simultaneously and features a new locking model that imposes fewer locks and eliminates delays between readers and writers. TimesTen adds that the new version is able to increase peak throughput up to 100%, compared to previous releases.
In addition, the system now supports servers based on Intel's Itanium 2 processor, running the Red Hat Linux operating system, and includes failure and recovery policies for return-receipt replication. The product performs backups on an incremental basis and restrict access to data stores. The new release also allows for the transparent pass-through of SQL requests to Oracle databases.
James Groff, CEO, TimesTen, says the need for high performance, real-time infrastructure software is growing but is underserved by the current marketplace.
"Our mature, proven product, plus the expertise we've gained working with more than 170 customers worldwide, positions us well as real-time finds its way into additional markets and into the corporate enterprise," added Groff.
Clients of the TimesTen Real-Time Event Processing System include Nasdaq, Duetsche Bank, Lehman Brothers and The Philadelphia Stock Exchange.