March 09, 2011

Solace Systems, a provider of hardware-based middleware, announced that the London Stock Exchange Group (LSE Group) has selected Solace's Unified Messaging Platform to provide a high throughput persistent messaging infrastructure for their new Downstream Staging System.

The Solace solution provides the persistent messaging and buffering layer between the real-time trading system and the business-critical downstream systems used for surveillance, data warehousing, post trade processing and billing.

The Solace-based system handles the very large number of messages entering the downstream system enabling fast and efficient processing of trading information, the vendor said.

"It is a privilege to become a trusted supplier to a world-class organization like the London Stock Exchange Group," said Craig Betts, CEO of Solace Systems. "The LSE Group's selection of our platform further validates that hardware messaging is helping the world's leading firms differentiate their businesses through higher performance, improved operational efficiency and lower cost of ownership."

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in ...