With volatility pushing the markets and your systems to the edge, and regulators charging at you with audit requests and rule books, PubSub+ is your partner in helping you ace audits and turn volatility events into an advantage for your business and customers.
We wanted to get away from incumbent vendors like TIBCO RV, TIBCO EMS, and IBM MQ. We had all of these different messaging systems, and I was deploying them across hundreds and hundreds of servers. Every time I needed to make a change to that environment… it was very difficult to do it in a way that didn’t cause some form of disruption.”
Post-trade systems don’t get much love. But investment banks and FIs now realize that legacy infrastructure will fail in high-volatility situations.
And new entrants are leveraging market volatility to create value for their customers.
Creating a system to propagate and analyze market and reference data is crucial to building innovative products, keeping operational costs low, flagging bad actors, and staying compliant. None of this is possible until you answer these questions:
COVID-19 has resulted in 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 increases in stride.”
An event mesh helps you share a simple event, like placing a market trade, with multiple systems which can derive relevant outcomes and next steps.
Some use an event mesh to inform other metrics like the bond yield curve, while others use it to flag a transaction as “suspicious” so the front-end systems can continue focusing on incoming transactions.
An event mesh also taps into legacy systems to unlock organizational knowledge while ensuring that slower, batch-based systems are not pushed beyond their limits.