OTTAWA, September 18, 2012 – Solace Systems, the leading provider of high-performance messaging appliances, today announced that Mercuria Energy Group, one of the world’s largest energy trading firms, has selected Solace’s Unified Messaging Platform as the foundation of its global trading system. Mercuria is using Solace’s market leading appliances to accelerate information flow within their datacenters and over the wide area network which connects them.
Mercuria is a privately-owned group of companies active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas, power, coal, biodiesel, vegetable oils, carbon emissions as well as metals and agricultural trading. Underpinning the Group’s market activities is a significant portfolio of strategic physical assets. Founded in 2004, Mercuria has 34 offices on five continents and is one of the world’s five largest independent energy traders.
“We get an effective, scalable and performant messaging system in one offering from Solace’s Unified Messaging Platform: one that meets a wide range of our messaging requirements and the leading edge pricing execution technology we are building, ” said Kieron Drake, CTO at Mercuria.
Traditionally, trading platforms have consisted of a reliable messaging platform for market data delivery and a separate guaranteed messaging platform for transactions such as orders and trade confirmations. Solace offers a turnkey appliance that includes reliable and guaranteed messaging functionality to meet both of those requirements, along with WAN optimization, high availability, business continuity and advanced application monitoring.
“Mercuria has quickly risen to be a leader in their field by focusing on where they can differentiate, and being the best in the world at what they do, ” said Craig Betts, CEO of Solace Systems. “We are very happy to be working with Mercuria to further improve their energy trading infrastructure.”