Global financial software company, Celer Technologies, has partnered with Azul Systems in order to bolster its modular financial services platform. The Java Virtual Machine (JVM) which Azul Systems provides, named Zing®, will be integrated into the trading platform software developed by Celer Technologies delivering a consistently low latency for all the modules in the solution.
The platform provided by Celer Technologies with Azul Zing delivers a fully customizable platform with the JVM providing lower latency while maintaining high bandwidth. The platform includes a number of modules amongst which a price engine, a managed orders module enabling clients to get trade instructions electronically, a structural matching and allocations unit, a trading and risk module and others.
What the Celer Technology platform has at its core is a system which can deliver a flexible solution to the market, where each customer can tune into specific operational needs of companies therefore adapting quicker to changing market conditions and business requirements.
The solution is built around a central event processing engine which allows the different modules to communicate seamlessly with one another. Trading firms can set up the system to be as simple or complex as their business requires and react to market changes, such as the increasing need to minimize and manage trading latency in global financial markets.
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As their business evolves, firms can implement more sophisticated customizations, respond to new latency requirements and analyze ever-larger datasets in real-time. With the combined Celer and Azul solution, firms can customize their system frequently with confidence that any modification, including the addition of new users, markets or asset types, will not degrade throughput and affect latency.
“Trading firms are often frustrated by inflexible systems that aren’t freely customizable to meet changing business and market requirements,” Ben Cuthbert, Chief Executive Officer, Celer Technologies, noted.
“Azul Zing increases the benefits of our software, giving clients an advantage by allowing them to customize the solution and respond to ever-changing client and market needs with complete confidence in the system’s performance and trade execution,” he explained.
The President and CEO of Azul Systems, Scott Sellers, said, “Celer Technologies’ decision to embed Zing underscores the benefits of the right Java infrastructure for revenue-generating apps that require low latency and that must respond to changing business needs.”