Source: Fiorano Software
Fiorano Software, a leading provider of business integration and SOA-ESB middleware solutions, today announced that LiquidityHub, a consortium of leading investment banks, selected FioranoMQ as its messaging infrastructure for implementation of its trade messaging system.
FioranoMQ provides superior messaging technology for the LiquidityHub, a cluster of systems for on-line negotiation of trades with a requirement for sub-micro-second latency and consistent high-performance message exchanges.
LiquidityHub operates in the fixed-income markets, providing aggregated liquidity and market data in support of electronic trading. It is using the FioranoMQ 2007 Real Time messaging system to support a low-latency, high-performance operational environment. LiquidityHub has standardized on Fiorano technology to underpin all of its real-time fixed-income trade messaging system requirements.
"LiquidityHub chose Fiorano after an intensive due-diligence process lasting nearly six months, covering a demanding set of parameters of technology requirements," said Atul Saini, CEO of Fiorano. "This is a significant win for us and an endorsement of Fiorano's continuing ability to deliver enterprise-class leading performance and stability."
Tony Harrop, CTO at LiquidityHub, said, "LiquidityHub provides the fixed income market with multi-dealer, multi-distributor trade messaging that facilitates unprecedented access to deeper liquidity. By offering micro-second response times, FioranoMQ helps us deliver immediate and reliable aggregate liquidity from participating banks and distributors, and future-proofs the growth we expect in pricing and trading volumes as new product markets are added."