Standard Chartered PLC Picks Solace Systems

Standard Chartered (SCB) PLC has chosen Solace Systems to provide the messaging infrastructure for their next-generation foreign exchange trading platform, according to today's announcement.

Solace 3260 message routers will initially be deployed in Singapore, Kuala Lumpur, London and New York to provide both reliable and guaranteed messaging of real-time information between Standard Chartered trading venues. Among the world's largest foreign exchange traders, Standard Chartered required a scalable next-generation infrastructure that could handle low latency data distribution across trading locations. Standard Chartered selected Solace after a rigorous evaluation and testing process.

"As an organization in the midst of managing rapid growth across a large geography, Standard Chartered knows that investing in a long term strategy for messaging infrastructure is crucial," stated Anthony Hodge, Standard Chartered's head of infrastructure solutions, in the release. "After an extensive review of available technologies, we realized that Solace met or exceeded our needs today and into the future."

Additional message routers will be added to Standard Chartered's network as more applications are migrated to the new platform, which SCB has selected as their new standard for high performance messaging.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio