Provides High-Capacity, Low-Latency Platform for Distribution of Market Data to Market Participants
OTTAWA, March 1, 2011 – Solace Systems, the leading provider of hardware-based middleware, today announced the TMX Group has selected Solace’s Unified Messaging Platform as the messaging backbone within their data dissemination plant, the core technology that performs the distribution of Toronto Stock Exchange and TSX Venture Exchange data feeds to market participants. The Solace infrastructure has been in live deployment at TMX Group for several months.
“The TMX Group is committed to delivering the most reliable, high-performance data dissemination for all our clients and market participants, ” said Brenda Hoffman, CIO at the TMX Group. “Solace’s message routers have become a strategic asset allowing us the agility to act quickly within the rapidly changing exchange marketplace.”
In addition to Toronto Stock Exchange and TSX Venture Exchange, TMX Group owns and operates the Montreal Exchange, Natural Gas Exchange and a variety of other business interests.
“We have been impressed with the TMX Group’s vision and execution during the seamless upgrade of their core trade plant, ” said Craig Betts, CEO of Solace Systems. “This innovative deployment exemplifies our goal of helping information-centric businesses benefit from next-generation middleware.”