Featured Finance Customers
At a glance:
Used by 6 out of the 10 world’s biggest investment banks and 3 out of the top 6 FX trading banks, Solace meets the diverse data movement needs of banks, capital markets participants, and exchanges. These are some of their stories.
Barclays is a major financial services provider engaged in retail, corporate and investment banking, credit cards and wealth management.
Solution
SolutionBarclays uses Solace appliances to integrate applications spanning the front, middle and back office.
Outcome
OutcomeBy consolidating all messaging needs onto Solace’s platform, Barclays simplified their infrastructure while reducing licensing, datacenter, development and support costs.
“Solace is allowing us to better compete in the next decade with a fully flexible, state-of-the-art infrastructure.”
Crédit Agricole is the the world’s fifth largest bank by total assets.
Solution
Crédit Agricole has implemented Solace as part of its continuous investment in low latency electronic trading in FX, rates and bonds.
Outcome
Unifying all messaging on Solace simplifies the management of the different systems and improves reliability, flexibility and scalability. Crédit Agricole CIB sees significant growth opportunities in eBusiness in its chosen segments and geographies, and uses technology as a key differentiator.
“After a careful study of available technologies, we found that Solace most closely matched our targets and aspirations.”
Korea Exchange (KRX) is the sole securities exchange operator in South Korea.
Solution
KRX selected Solace Platform as the core data delivery infrastructure for their high-speed exchange platform. The system, called EXTURE+, offers low latency trading across many asset classes including equities, bonds, and derivatives.
Outcome
Solace makes it easier for KRX to secure extra data copies on-site as well as for DR site to enable rapid disaster recovery. Solace will be used across all major markets offered by KRX including equities (KOSPI, KOSDAQ, and KONEX), derivatives and bonds.
“We rigorously tested many technologies and found that Solace’s technology best met our very high standards for quality, performance and reliability.”
London Stock Exchange Group sits at the heart of the world’s financial community, operating the London Stock Exchange, Borsa Italiana, MTS and Turquoise.
Solution
LSE Group uses Solace Platform to provide a high-throughput persistent data streaming infrastructure for their downstream staging system. The Solace solution serves as a buffering layer or “shock absorber” between the real-time trading system and the business-critical downstream systems used for surveillance, data warehousing, post-trade processing and billing.
Outcome
The Solace-based system handles the very large number of messages entering the downstream system, which enables the fast and efficient processing of trading information.
As the corporate and investment banking arm of Royal Bank of Canada, RBC Capital Markets is among the top 10 investment banks in the world.
The Challenge They Faced
The Challenge They FacedRBC Capital Markets had a variety of messaging systems deployed across hundreds of servers, but it was impossible to seamlessly make a change to one environment without impacting the others. The result was a ton of manual labor, downtime, and the need to prioritize when changes were made (typically on Saturdays).
Solution
RBC has deployed Solace Platform in financial centers around the world to act as the real-time data distribution foundation of their low latency trading platform.
Outcome
RBC Capital Markets’ 400+ application teams use Solace Platform to facilitate the distribution of data across ~30,000 application connections, giving them an easy way to publish information or subscribe to data they need without worrying about how that information flows, or working with other groups to make that happen. Additionally, new applications and users can be onboarded in the middle of the business day without disrupting their production environment. which is important because in the world of investment banking, downtime equals lost revenue.
“Recent years have seen unprecedented trading volumes and volatility, but even as we’ve climbed from 65 billion messages a day to over 118 billion, we’ve had no outages or degradations in performance in our critical market data and messaging applications. Our Solace messaging and eventing platform took the data increase in stride.”
SCB is one of the world’s leading international banks, connecting businesses across global and emerging markets.
Standard Chartered Bank
The Challenge They Faced
As one of the world’s largest foreign exchange traders, Standard Chartered required a scalable next-generation infrastructure capable of low-latency data distribution across trading locations.
Solution
Standard Chartered selected Solace to provide the messaging infrastructure for their next-generation foreign exchange trading platform, and as their new standard for high performance messaging. Solace Platform was initially deployed in Singapore, Kuala Lumpur, London and New York to provide both reliable and guaranteed messaging between Standard Chartered trading venues.
Outcome
SCB has seen the value of consolidating many types of messaging deployments onto a shared backbone that can partition and secure data for many applications. Doing so has improved resilience, simplified operations, and reduced costs.
As the world’s largest interdealer broker TP ICAP plays a pivotal role in the world’s financial, energy and commodities markets.
Solution
TP ICAP implemented Solace as its global messaging and integration infrastructure in support of multiple lines of business and data services including fixed income, equities, energy, interest rates, commodities and market data distribution.
They chose Solace Platform for its unique ability to support the wide variety of exchange patterns required as part of the company’s intermediary services, internal and external trade execution solutions, and data offerings.
Outcome
The solution enables the cost-effective fan-out of information to large numbers of clients and systems.