Tradeweb to Integrate Tervela's Messaging Layer

Tradeweb signed a technology agreement with Tervela to integrate an enhanced messaging layer into its existing electronic trading infrastructure supporting its online fixed income and derivatives marketplace.

“Technology is at the heart of our business, and we take pride in making informed decisions when choosing technology partners,” stated 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 radically improves the reliability, performance and cost efficiency of infrastructures that require high speed, no loss data movement across complex and demanding business environments, according to the company.

Tradeweb chose Tervela to address the information demands of a worldwide network of electronic fixed income and derivatives trading customzers in both established and emerging markets.

Some of the features of the Tervela TMX messaging platform offered to Tradeweb include: hardware appliances for high-performance environments; high throughput and low-latency performance; VM-based software versions for lower-volume locations and non-production environments; three quality of service levels and integrated data persistence; a fully fault tolerant architecture; an API to support rapid and seamless client integrated and centralized monitoring and provisioning.

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