Online trading 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.
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.
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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 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.