Inetco Systems Limited, leaders in business transaction management for the financial services industry today announced their support and active participation in the Advanced Message Queuing Protocol (AMQP) Working Group.
Backed by more than 20 financial service institutions and vendors, the AMQP Working Group was formed to drive the development of a vendor neutral, platform agnostic message protocol that will lower the costs associated with middleware software integrations through interoperable business messaging.
INETCO will be adding AMQP 1.0 to the extensive list of financial protocols and proprietary message formats already supported by the INETCO InsightTM business transaction management software. This will enable customers to monitor and capture the performance of every value-bearing transaction as it travels across critical application components, virtual environments and distributed system infrastructures, all in real-time.
"AMQP is an important standard for INETCO's financial services customers as it provides them a vendor independent transport on which to do transaction messaging", says Angus Telfer, CTO of INETCO. "As well, it is an ideal protocol for passing real time data around in cloud environments. For this reason, we are also using it for communications between the different components of our INETCO Insight product."
Traditional efforts by banks and stock exchanges to optimize the cost of their IT infrastructures and automate electronic transactions have been limited by proprietary vendor and legacy protocols. AMQP 1.0 is an open standards wire protocol that eliminates the communication gaps between proprietary middleware products written for different platforms, critical systems and application components located within enterprise and external systems. By complying with the AMQP 1.0 standard, value-bearing transactions can be sent across and between organizations and virtual cloud computing environments in a more efficient and secure manner.
Examples of these transactions include:
• External communications to customers, such as reliably disseminating timely stock information fairly to all clients, with minimal delays.• External back end communications with companies and service providers, such as conducting financial exchanges between banks, stock exchanges and other financial service institutions.
• Internal communications between application components such as accepting and processing orders from clients or distributing price and inventory information in real-time across global networks