FxPro to Deploy Solace Systems Messaging Products to Power its Infrastructure

Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term broker FX Pro has announced the launch of Solace powered messaging and systems infrastructure that it is integrating to handle a wide range of internal and customer facing applications, according to a joint press release today.

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The new deployment of Solace powered solutions replaces ActiveMQ, Kaazing and ZeroMQ that FxPro was using and that are effectively being swapped for the new Solace solutions to power some of the broker’s core IT business needs.

FxPro CIO expects reduced latency from Solace solution

Finance Magnates reporters spoke with FxPro’s Chief Information Officer (CIO) Mr. Panayiotis Annivas today. He expects the changes to reduce latency, and improve the company’s ability to disseminate prices faster, including process a higher number of messages and related throughput efficiencies.

He added during the call how the solution from Solace was unified from a single provider, compared with running three different products, and how the integration progress is already near the end of the pre-production phase ahead of the live launch.

The Solace products used by FX Pro as part of the change include the Solace Message Router Appliance, and Solace Virtual Message Router which will support information/message processing within data centers and over wide area networks (WAN) and via web and mobile, thus helping to power some of FX Pro’s applications and core infrastructure.

Solace gives us a rock-solid foundation on which we know we can build and grow our business

Growth necessitating scalable solution

Mr. Annivas said in the official joint press release: "Our business is growing rapidly and it is necessary that we continue to offer a world-class trading experience and customer service as we expand our offering to cover more asset classes and geographies."

"Solace gives us a rock-solid foundation on which we know we can build and grow our business to meet customer demand," he added.

Solace Systems CEO Craig Betts stated in the announcement: "It takes an innovative approach and world-class infrastructure to satisfy the trading needs of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term customers in over 150 countries, and FxPro has both."

"We're proud that they've selected our technology as the framework that ties together their many applications, locations and customer interfaces," he concluded.