London, 9 June 2008 — Celoxica Ltd, a leading provider of high performance computing solutions, has teamed up with Tervela, the leading provider of high-performance messaging systems, as a founder charter member of the Tervela Advantage Partner Program (TAPP). By integrating with the Tervela Message Network, Celoxica offers financial services firms the ability to connect to multiple execution venues and source unprecedented levels of market data more quickly with a drastic reduction in the overall trade lifecycle.
Tervela has developed TAPP to be an ecosystem of integrated partner solutions that extend and amplify Tervela’s Message Network to ensure that financial services firms maintain competitive advantage with their high-performance trading infrastructures. The combined solutions overcome the operational inefficiencies and continuity constraints of legacy middleware and messaging software. Charter members of TAPP include FIX Flyer, Portware, Volante Technologies and Celoxica.
Lee Staines, chief executive officer of Celoxica said: “The unparalleled message throughput of the Tervela Message Network dovetails well with Celoxica’s own solutions for delivering market execution data to pricing engines, matching engines and automated trading systems, with the lowest-latency, highest reliability and greatest consistency whatever the volumes or spikes in volume. As a new force in low-latency we are delighted to have been chosen by Tervela to join their partner programme.”
“The Tervela Message Network is an intelligent, extensible, high-performance messaging platform engineered to exceed the requirements of the world’s most demanding, data-intensive, financial services organisations,” said Bob Cramer, CEO, Tervela. “With TAPP we’re extending our solution to include best-of-breed partner offerings so our customers increase their competitive advantage without having to overhaul their systems from the ground up.”
Tervela has chosen partners with solutions designed to take on the demanding performance requirements and operational challenges of high-performance trading infrastructures.
Celoxica is a leading provider of hardware accelerated low-footprint, ultra low latency market data, order entry and risk trading solutions for the global financial services industry. Headquartered in the UK with offices in Chicago and New York, Celoxica delivers trading solutions to automated trading firms, banks and brokers seeking to optimize the performance of their trading applications across multiple asset classes in all market conditions, whilst reducing their total cost of ownership.
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For additional information, contact:
Lee Staines, President Celoxica Inc
t: +44 207 313 3180 or +1 212 880 2075
Press enquiries to:
Salli Roskilly Saffron Communications
t: +44 1763 208708