Tradeweb to Integrate Tervela's Messaging Layer

Tervela, a New York-based provider of high-speed, no-loss data movement infrastructure to the financial trading community, announced that it has signed a technology agreement with Tradeweb, the online marketplace for fixed income and derivatives.

Under the terms of the arrangement, Tervela will provide Tradeweb with an enhanced messaging layer to integrate into its existing electronic trading infrastructure.

"Technology is at the heart of our business, and we take pride in making informed decisions when choosing technology partners," said Jay Spencer, chief technology officer of Tradeweb.

"When we looked to build out a new messaging layer in our trading infrastructure, we were looking for a rock solid technology provider and a knowledgeable and responsive partner. Tervela scores well on both counts and has clearly met our expectations."

Tervela provides a data fabric that improves the reliability, performance and cost efficiency of infrastructures that require high speed, no-loss movement of data across complex and demanding business environments, the vendor said in a release.

"Tradeweb has staked out a leadership position in the rapidly evolving electronic trading market for fixed income and derivatives," said Eric Schnadig, CEO of Tervela. "We are delighted to provide the mission-critical infrastructure and time-to-market agility Tradeweb needs for continued growth and technology platform leadership." 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 April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio