Source: Informatica
Informatica Corporation (NASDAQ: INFA), the world's number one independent leader in data integration software, today announced that securities trading startup, AX Trading Group, has standardized on Informatica Ultra Messaging software as the backbone for its next-generation trading platform.
The AX Trading Network platform is a new Alternative Trading System (ATS) that helps source liquidity in tough-to-trade situations. AX Trading Network is a private trading community that connects traders in a safe, secure environment to find latent liquidity and achieve best execution.
The AX Trading Network platform is based on a decoupled service-oriented architecture comprising multiple gateways, a matching engine, a market data provider, a persistence engine, Web-based systems and clearing systems.
Informatica's Ultra Messaging Persistence Edition provides guaranteed messaging using Informatica's innovative Parallel Persistence architecture. Parallel Persistence provides low latency guaranteed messaging without the need for centralized messaging brokers or specialized hardware infrastructure, such as Storage Area Network systems, found in traditional "store and forward" designs resulting in faster trades.
Informatica Ultra Messaging has helped AX Trading Network:
o Develop its distributed enterprise systems environment in under six months, which would normally take more than a year.
o Reduce costs associated with underlying hardware and network infrastructure because of Ultra Messaging's efficient and innovative design.
o Lessen the risks inherent in building a sophisticated, high-volume trading platform from scratch.
o Eliminate single points of failure across its systems environment and maintain 100% up-time since go-live through decoupling and a zero-latency failover configuration.
o Gain the flexibility to quickly add new systems and launch new services.
Additionally, AX Trading Network is using Informatica Ultra Messaging Streaming Edition to power its market data redistribution channel, which will take in market data from 13 different U.S. securities exchanges and route trading orders to the best-priced exchange.
As AX Trading Network executes on its business expansion plans, it intends to scale its Informatica implementation to provide low-latency messaging and failover support across additional geographic sites.