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Tervela and Volante Announce First Data Integration Solution on Open Data Framework

Posted on: Monday, 13 April 2009, 07:30 CDT

Offering Provides Seamless, Rapid Integration of Financial Services Applications and Diverse Data Formats onto Tervela Message Network

NEW YORK, April 13 /PRNewswire/ -- Tervela, the leading provider of high-performance, low-latency messaging systems, and Volante, provider of solutions for accelerated data management, today announced the availability of Volante Designer for Tervela, a pre-integrated solution that combines the Volante Designer suite of modular tools with Tervela's Open Data Framework. The result for financial firms is dramatically faster upstream and downstream integration and ultra low-latency performance across the entire trading infrastructure.

Built in response to customer demand, Volante Designer for Tervela reduces project costs, time and risk by generating native integration code for any infrastructure, seamlessly incorporating applications without the need for reengineering while supporting any data format - including standard, de facto, and proprietary. This solution virtually eliminates latency-related operational risk caused by inefficient integrations. With it, organizations can provide market data distribution capabilities for any asset class while ensuring consistent and verifiable SLAs (Service Level Agreements) from the trading desk to the exchange.

"Data is the lifeblood of the financial services industry and firms; yet implementation times for data management technology are often unacceptably long," said Kevin McPartland, senior analyst, TABB Group. "Mission-critical, high-performance trading infrastructures are extremely vulnerable to failures due to increasing system complexity and co-dependencies within their architectures. Without ways to integrate legacy systems with new technologies and open standards and protocols, we will continue to see system failures."

Currently in testing at a major Wall Street investment firm, Volante Designer for Tervela delivers rapid, straightforward, cost-effective integration of a broad range of trading applications and financial data - such as FIX (Currenex), SWIFT, FAST (OPRA, CME, ARCA), vendor data, as well as XML, binary and proprietary formats - on top of Tervela's open, high-performance messaging infrastructure. Providing consistent and deterministic sub-100 microsecond end-to-end latency, the joint solution allows customers to extract the full benefits of a new messaging architecture while redefining the integration equation.

"Volante Designer was architected to radically accelerate both the implementation and the operational dynamics of the application layer, enabling customers to process volumes of data in microseconds," said Vijay Oddiraju, CEO of Volante. "The combination of Volante Designer plus Tervela allows upstream and downstream integrations to be accomplished rapidly. Designer not only automates the production of ultra-efficient code, but maintains that code quality with express upgrade processes to address any changes in the data structure or the infrastructure."

"Since its announcement just over a month ago, Tervela's Open Data Framework has spawned two innovative industry solutions in use at two major client sites - AMQP and now Volante Designer for Tervela," said Barry Thompson, founder and CEO of Tervela. "Volante's reputation as a world-class, high-performance data management vendor validates our new, open approach to data integration and the new communication paradigm of our industry-leading messaging platform."

Volante is a charter member of the Tervela Advantage Partner Program (TAPP), an ecosystem of integrated partner solutions that extend and amplify the Tervela Message Network to ensure that financial services firms maintain competitive advantage with their high-performance trading infrastructures.

About Tervela

Founded in 2004, Tervela delivers the next-generation communications infrastructure - the message network - designed and engineered to exceed the information dissemination and processing requirements of the world's most demanding financial services institutions. Addressing the challenges of market volume, volatility and visibility, Tervela invented the message switch to enable investment banks, hedge funds, exchanges and other data-intensive organizations to deliver consistent, outstanding and predictable performance - even in the most demanding market conditions. The company is funded by Goldman Sachs, Sigma Partners, Acartha Group and North Hill Ventures. For more information, please visit www.tervela.com.

About Volante

Volante Technologies has been accelerating data management for the financial services industry since 2001. Volante provides integration solutions for low-latency environments, service oriented-architectures, vendor data consolidation, event processing, SWIFT message integration and other complex data challenges. Its metadata-based technology also enables data governance and model-driven data initiatives. Volante solutions are employed by buy-side and sell-side institutions around the globe, corporate treasuries, financial industry utilities and exchanges, including Brown Brothers Harriman, The Municipal Securities Rulemaking Board, and Broadridge. For more information, visit www.volantetech.com.

SOURCE Tervela; Volante Technologies

Source: PR Newswire

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