Yearly Archives: 2009
29West and INTERTRADE Japan Announce Strategic Partnership
Tokyo and Chicago – 4 January, 2010 – 29West, Inc. the market leader in high-performance, low-latency messaging solutions, and INTERTRADE Co., Ltd (INTERTRADE), the market leader in packaged systems for the securities industry, announce a strategic partnership to use 29West products in the development of the INTERTRADE next-generation securities dealing and trading systems.
INTERTRADE, a leading total securities industry solutions provider with more than 60 deployments in Japan, provides dealing and trading systems and other financial technology solutions. Many exchanges in Japan have gone live with next-generation systems, placing a demand on financial firms for high-performance, low-latency and scalable trading systems.
INTERTRADE has entered the partnership with 29West, which has more than 140 financial deployments around the world, and whose technology has been adopted by major banks and exchanges in their next-generation system architecture. Utilizing 29West products, INTERTRADE will be architecting systems with a focus on the benefits of low-latency, high performance messaging.
“We’re very excited to add INTERTRADE to our growing list of financial customers and partners in Japan,” said Mark Mahowald, president and founder of 29West. “This project is an excellent example of how 29West Ultra Messaging® can significantly enhance the performance and efficiency of trading solutions such as the innovative and well respected INTERTRADE TIGER TRADING system.”
INTERTRADE President Takahiro Ozaki said, “It is important to aim for low latency as technology improves at the exchanges. A goal of this project is to maximize the performance of the TIGER TRADING system, already widely recognized for its high-speed messaging platform across the technology industry.
“I believe that having a partnership with 29West will add more value and a significant competitive edge to the TIGER TRADING system,” Ozaki added.
About 29West
29West is the leader in high-performance, low-latency messaging solutions for financial institutions. Their Ultra Messaging® family of products provides up to a 10X latency reduction and 100X bandwidth improvement over traditional messaging designs across a wide range of use cases, including streaming, persistence, caching, queuing and desktop distribution. 29West provides customers with the highest performing, most tunable, most controllable, most powerful messaging API in the industry, and allows full end-to-end monitoring capabilities. With more than 140 production deployments since 2004 and offices in Chicago, New York, London and Tokyo, 29West provides enterprise strength, enterprise-wide messaging. For more information, visit http://www.29west.com.
About INTERTRADE
INTERTRADE Co., Ltd (INTERTRADE), headquartered in Chuo-ku, Tokyo, is the market leader in packaged systems for the securities industry. Takahiro Ozaki is the company’s president. For more information, visit http://www.itrade.co.jp/
2010 Will Be The Year Of The Power Of Data
Years ago when I taught database design at the local college I remember defining the data within a business as one of the most valuable assets a business has. I’m not sure most of my students bought that, but I still stand by that assertion and it’s much more apparent today. Indeed, today data is a huge business asset that we’re learning to finally exploit, understanding relationships and the context of other meaningful data sets, inside and outside of the enterprise.
The best example I can provide around the power of data is the number of flight tracking and estimating systems out there on the Web these days. These systems mashup the flight status data from the airlines, which are often wrong, with statistics around the make and model of the plane, the capabilities of the pilots, the weather, and other factors that will affect the early or late arrival of the flight. As a result, you can check a flight and pretty much determine the time the flight will actually arrive. This is very handy to me as a frequent flyer, and spot on most of the time. (more…)
What Will 2010 Look Like For IT?
What type of blog would this be if I didn’t end the year with my 2010 predictions?
To begin on a positive note, IT budgets will go up in 2010 after a global average 4-5% decrease in 2009. In many respects, however, 2010 will be even more difficult on IT than 2009. How can I say this if budgets are increasing? Doesn’t this mean we will have more money to throw at nagging issues?
In general, most IT organizations have deferred maintenance on many core infrastructure and application items. For example, in the past, several of my peers would automatically refresh laptops at the three-year mark. I know many of them have extended this to five years. Even though the deferred hardware upgrades had a positive net impact on the budget, it was an increase in IT burden to manage old equipment as the “meantime between failures” increases. Now they are looking to upgrade these boxes. This is true for networks, phone systems, servers, applications… (How many of you are running Windows 2000 and need to upgrade?) (more…)
Lean Versus Agile (Part 3) – Large-scale Project Challenges
Continuing the Lean versus Agile discussion, these methods work well for small-scale projects, but are they effective for large programs? This post addresses the question “Should an Integration Factory do anything different when supporting a project that is using a waterfall methodology versus one that is using an agile methodology?” The short answer is no, you shouldn’t do anything different for one simple reason; focus on the customer and deliver what valuable from his/her perspective. (more…)
ILM For Data Warehouses
In December, 2005 Sun Microsystems conducted an interview with Bill Inmon, the father of the data warehouse concept. He said, “ILM keeps a data warehouse from costing huge amounts of money and maintains good performance consistently throughout the data warehouse environment.” Four years later, the average size of a data warehouse has increased by 200%, surpassing the multi-terabyte size benchmark.
With these mammoth databases comes an increase in cost to manage them and a potential deterioration in performance. It is common practice to leverage techniques like indexing and database partitioning to address query performance issues with very large databases but those techniques do not address challenges associated with the raw volumes of data.
(more…)
What Makes An Analytic Competitor? Here Are Four Benchmarks
It looks like we’re finally climbing out of the economic crisis that tested the mettle of many companies over the past couple of years. However, expect plenty more storms in the months and years ahead – our rough-and-tumble economy may finally start to resume growth, but rough and tumble will remain the norm. The best way to weather the current and future storms is by becoming an analytics-driven organization – from top to bottom.
Claudia Imhoff, a highly regarded proponent of business intelligence and data warehousing, recently conducted a series of Webcasts over at the TDWI site that contemplated the role of BI and analytics to get organizations through the tough times. (more…)
LBM 3.6 Released
29West is pleased to announce the release of LBM version 3.6, including these new features:
- Spectrum – Allows a topic to be split across multiple channels for use by multiple sources and/or receivers. Provides more granular filtering at the topic level, with no increase in topic resolution traffic.
- Zero Object Delivery – Allows Java messaging receivers to deliver messages to an application without creating per-message objects. This allows you to write Java receiving applications that require little to no garbage collection at runtime, producing lower and more consistent message latencies for your Java applications.
Customers can download LBM 3.6 here, or contact Support.
If you’re new to 29West, you can read more about LBM here.
Lean Versus Agile (Part 2)
To continue from Part 1 of the Lean vs. Agile discussion, several agile and lean principles are very similar and don’t need much clarification. A few of them however do deserve a few comments to highlight the unique qualities of one or the other.
One of the strongest themes in Agile is iterative development as indicated by principles one through three of the Lean vs. Agile chart – it even goes so far as to prescribe the frequency of iterations. Lean doesn’t prescribe either an iterative approach or put an arbitrary time-frame on delivery, but it nonetheless aligns strongly with Agile in the sense that Lean strives for small batch sizes (increments) and the fastest possible delivery in response to customer demand (pull). Lean also uses manufacturing techniques such as mass customization to achieve rapid delivery. Furthermore, one of the best ways to mistake-proof (Poke-Yoke) integration components is to build them incrementally and validate each iteration. As stated by Levine in A Tale of Two Systems(1), “Continually ask this question: ‘What is the minimum set of functions we can put into production and get business value?’ Then do that. Then do it again.”
2010 Cloud Integration Predictions
According to the New IDC IT Cloud Services Survey: Top Benefits and Challenges, integration with in-house IT remains a top 10 challenge. Informatica’s Chief Marketing Officer Chris Boorman went further in his 2010 Predictions From The World Of Data Integration. He notes in his third prediction that: “Cloud Data Integration will eclipse both security and availability to be the defining capability that drives Cloud Computing success.”
Because ‘tis the season, here are 5 more cloud integration predictions for 2010:
- Greater SaaS application adoption and the emergence of more cloud platforms will result in greater data fragmentation and the need for an independent, enterprise-strength data integration and data quality platform as a service and a marketplace for prepackaged integration services. (more…)
Chi-Tech Selects 29West for MarketPrizm Feed Handler Messaging
LONDON – 17 December, 2009 – Chi-X® Global Technology, LLC (“Chi-Tech™”), the technology services unit of Chi-X Global Inc., today announced it will employ messaging technology from 29West in the low-latency market data delivery infrastructure of the company’s MarketPrizm™ service.
Chi-Tech’s MarketPrizm business provides a comprehensive trading infrastructure solution, powered by an optimized bespoke network linking 19 markets and locations. Designed as a European trading “ecosystem” for use by banks and investment firms, MarketPrizm provides neutral, high speed access to the region’s market centers, low latency market data and a range of third-party applications and services. MarketPrizm was created as a one-stop solution for data, services and connectivity to the European markets, offering trading firms of all sizes a cost-effective, high-performance infrastructure for all types of electronic trading.
29West Messaging, which powers financial applications in over 130 deployments worldwide, is a fast, efficient and lightweight system designed to serve as a messaging fabric for the next generation of high-performance, high-volume applications.
“We’re excited that 29West Messaging will help power the low-latency performance of market data delivery in MarketPrizm,” said Mark Mahowald, President and Founder of 29West. “Lowering system latency delivers immense value to firms trading in today’s markets, and 29West is happy to bring our unique expertise in this area to help provide competitive advantage to Chi-Tech’s MarketPrizm customers.”
“We try to partner with specialized providers where it makes sense for our clients and our development strategy,” said Richard Leung, Chi-Tech’s Chief Technology Officer. “In this case, we selected the 29West product for its demonstrated performance and the fact that many banks and trading firms have already implemented 29West products in other parts of their infrastructures.”
MarketPrizm’s range of connectivity options, market data feeds and component applications are delivered via a flexible framework that allows clients to select the precise solution that meets their business and technology requirements.
MarketPrizm is a Chi-Tech business line focused on providing trading infrastructure and services to banks, funds, and other investment and trading firms. In a separate business line, the company also provides trading technology platforms to exchanges and market centers.
As the technology services unit of Chi-X Global Inc., Chi-X Global Technology, LLC (“Chi-Tech”) provides high performance trading infrastructure and services for financial markets and participants. For exchanges and market centers, the company provides comprehensive trading infrastructure solutions, using a scalable platform of advanced marketplace technology and tools. For banks, funds and other market participants, the company’s MarketPrizm business line offers a fully-managed trading network and ecosystem comprised of multi-venue connectivity, colocation and hosting, low latency market data, and leading third-party applications. Chi-Tech’s focus is delivering solutions that help the world’s marketplaces and their participants to lower costs, reduce risk and maximize competitive advantage. For more information on the company, visit www.chi-tech.com.
Loading ...