MetaBit Selects Solace Systems for Next-Gen Trading Platform

Hardware-Based Routers Provide Performance Boost to FIX-Based Trading Platforms.

Solace Systems, a provider of messaging middleware and content networking hardware, today announced that Tokyo-based trading technology provider MetaBit has selected Solace 3260 Content Routers to boost the performance of their trading platforms. Both of MetaBit╒s products ╨ XiliX, an intuitive FIX-enabled multi-market direct market access trading platform, and MLH, its product-agnostic FIX Market Liquidity Hub ╨ will be integrated with Solace╒s low-latency, high throughput routing technology.

Today╒s traders know that each millisecond of advantage they hold over competitors can generate increased profits, so today╒s connectivity providers must address their need for ever lower latency, the release states. Providers that truly understand this problem are turning to hardware-based messaging technology, as middleware software running on general-purpose servers cannot meet current or future performance requirements.

MetaBit is dedicated to providing its clients with the best-of-breed technology they need to compete in today╒s fast-paced markets,╙ said Daniel Burgin, CEO of MetaBit, in the company release. ╥It became evident that Solace╒s content routers would complement XiliX and MLH DMA solutions with the fastest speed and plenty of throughput headroom to meet MetaBit╒s growing demand.╙ Solace╒s field programmable gate array (FPGA) and network processor-based technology provides the fully failsafe, guaranteed messaging functionality that order and execution management systems require with extremely predictable and low latency.

Solace╒s technology is an excellent fit with MetaBit╒s connectivity products as we╒re able to provide an easily integrated, guaranteed and reliable messaging solution that offers superior performance and consistency when compared to traditional software,╙ said Crispin Clarke, SVP Asia and Latin America, in the release. ╥We are pleased to be working with a partner at the leading edge of high-performance DMA trading and order management solutions in Japan and Asia.