Smart Trade adds 29West messaging technology to liquidity management platform

Source: 29West

29West, a leading provider of high-performance messaging software solutions, today announced that Smart Trade Technologies, the financial markets leader in liquidity management systems (LMS), now offers full integration with 29West’s Latency Busters Messaging (LBM) and Ultra Messaging for the Enterprise (UME) low-latency messaging products.

This integration enables Smart Trade to offer investment bank customers streamlined execution processes across asset classes with very efficient messaging speeds.

29West's LBM is a fast, efficient, lightweight messaging system targeted specifically at low-latency, high-speed streaming messaging applications. Currently being rolled out, UME is a low-latency, high-speed persistent messaging solution with delivery confirmation that is designed for larger firms that need a new messaging model to replace legacy messaging solutions enterprise-wide. Integrated with Smart Trade's LMS, which automates execution management of transactions across the enterprise and creates a central liquidity pool across all assets, leveraging the existing trading engines in place, banks can realize additional gains in messaging performance beyond Smart Trade's own ultra-high speed processing times by opting for 29West's LBM and UME products.

According to Smart Trade's co-founder and CTO David Vincent, Smart Trade selected UME for its stability and performance advantages after extensive testing. "After normalizing and abstracting deal flows to create a central liquidity pool and order book, our customers need to smart-route the matching of internal and external liquidity at ultra-high speeds. This is why we defined the need for a pluggable messaging transport within our componentized LMS," said Vincent. "29West's advanced messaging products will help our customers leverage their existing trading engines and infrastructures already in place to gain a highly advanced liquidity execution management solution."

"We are very pleased to be working with Smart Trade and to be able to offer SmartTrade customers a high performance messaging choice as part of this industry leading solution. As latency and stability under load become more and more critical, we are seeing continued growth in the market for UME. The trend is toward higher performance data delivery and that trend is forcing many fmany firms to reconsider how they distribute and share data. This pressure towards low latency and high performance plays well for us given our performance advantages over the other commercial messaging products available today," said Mark Mahowald, president and founder of 29West.

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