Infrastructure to Support Real-time Flow of Information Between Global Trading Venues
OTTAWA, September 20, 2010 – Solace Systems, the leading provider of middleware appliances, announced today that Standard Chartered (SCB) PLC has selected Solace Systems to provide the messaging infrastructure for their next-generation foreign exchange trading platform. Solace 3260 message routers will initially be deployed in Singapore, Kuala Lumpur, London and New York to provide both reliable and guaranteed messaging between Standard Chartered trading venues.
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. Standard Chartered selected Solace to meet this requirement after a rigorous evaluation and testing process.
“As an organization in the midst of managing rapid growth across a large geography, Standard Chartered knows that investing in a long term strategy for messaging infrastructure is crucial, ” said Anthony Hodge, Standard Chartered’s head of infrastructure solutions. “After an extensive review of available technologies, we realized that Solace met or exceeded our needs today and into the future.”
Additional message routers will be added to Standard Chartered’s network as more applications are migrated to the new platform, which SCB has selected as their new standard for high performance messaging.
“Standard Chartered’s vision for the future of international banking positions them well for continued success, ” said Craig Betts, CEO of Solace Systems. “We are pleased to be adding one of the premiere global banking institutions as a partner in building a robust global backbone for trading on the foreign exchange market.”