29West, the market leader in high-performance, low-latency messaging solutions with global headquarters in Chicago, and Intertrade Co., Ltd, the market leader in packaged systems for the securities industry, announce a strategic partnership.
INTERTRADE Japan will use 29West products in the development of the INTERTRADE next-generation securities dealing and trading systems.
INTERTRADE Japan, a leading total securities industry solutions provider with more than 60 deployments in Japan, provides dealing and trading systems and other financial technology solutions. Many exchanges in Japan have gone live with next-generation systems, placing a demand on financial firms for high-performance, low-latency and scalable trading systems.
INTERTRADE has entered the partnership with Chicago-based 29West, which has more than 140 financial deployments around the world, and whose technology has been adopted by major banks and exchanges in their next-generation system architecture. Utilizing 29West products, INTERTRADE will be architecting systems with a focus on the benefits of low-latency, high performance messaging.
"We're very excited to add INTERTRADE to our growing list of financial customers and partners in Japan," said Mark Mahowald, president and founder of 29West. "This project is an excellent example of how 29West Ultra Messaging® can significantly enhance the performance and efficiency of trading solutions such as the innovative and well respected INTERTRADE TIGER TRADING system."
INTERTRADE President Takahiro Ozaki said, "It is important to aim for low latency as technology improves at the exchanges. A goal of this project is to maximize the performance of the TIGER TRADING system, already widely recognized for its high-speed messaging platform across the technology industry.
"I believe that having a partnership with 29West will add more value and a significant competitive edge to the TIGER TRADING system," Ozaki added.