Portware launches business continuity and back-up system
09 January 2008 | 1647 views | 0
Portware, a leading independent provider of global, broker-neutral, multi-asset trading systems today launched its real-time failover system.
Portware High Availability (HA) provides unprecedented business continuity in the event of any trading system failure and is available to buy- and sell-side firms using Portware's Enterprise solution.
Unlike standard disaster recovery and backup systems, Portware HA eliminates the risk of downtime by delivering an instantaneous failover solution. Portware HA continuously monitors the client's core trading environment, duplicating messages and maintaining real-time copies of positions, outstanding orders and order status, in a separate server environment. As soon as Portware HA detects an interruption to normal trading operations, it immediately switches to the backup server environment. This eliminates the need to restart trading systems, check positions and re-establish connections, which can take minutes and even hours, and may result in significant financial loss.
Eric Goldberg, chief executive officer, Portware comments: "In today's high volume trading environment every millisecond counts, and even a few seconds of downtime can result in huge financial loss. Portware HA offers a real-time back-up solution so trading can continue despite system blips or even catastrophic failures."
Ary Khatchikian, president and chief technology officer, Portware adds: "The continued increase in trade volumes and market data, combined with the growing complexity of firms' trading strategies, has highlighted the importance of responding instantly to interruptions in trading services. Portware HA offers our clients a unique failover solution that far exceeds any regulatory obligations regarding business continuity and risk management."