Infrastructure upgrades these days rarely go unnoticed by users, mainly as financial technology firms are increasingly adapting their solutions, away from fixed infrastructure and into virtual machine and cloud- based hosting.
Financial data integration tools provider Volante Technologies’ upgrade of its support for cloud hosted applications, announced today, is a case in point.
The company has today launched its Volante Designer version 5.0, which includes enhanced support for such cloud hosted applications, provides new format plug-ins and offers multiple enhancements to enable firms to integrate heterogeneous data sources.
According to Volante, whose main corporate clients consist of buy-side and sell-side institutions, banks, clearing houses, exchanges, systems integrators and application vendors, the rationale behind this, is to assist such firms in meeting regulatory and industry demands through rapid implementation of existing and new message standards, and addresses the requirements of CTOs and architects to adopt new message formats, standards and technologies.
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The solution provides a development environment which aims to simplify the management of message complexity, so that firms can improve their straight-through-processing (STP) rates and take full advantage of their commercial opportunities. Development times are reduced by 60-80%, delivering rapid returns on investment (ROI) as well as increased operational efficiency for a lower total cost of ownership (TCO).
In response to demands by CTOs and architects to use a variety of operating systems, Version 5.0 now includes Design Time support for Windows 8 as well as the ability to run on Mac OS X and Linux. Furthermore, Designer 5.0 delivers enriched support for cloud computing by providing support for OSGi and other cloud technologies, and includes closer integration with Oracle Fusion Middleware, IBM Websphere Message Broker and Apache CAMEL.
Vijay Oddiraju, Chief Executive Officer, Volante, made a corporate statement: “In order to meet industry and customer requirements, we are in constant communication with our customers and partners in order to help understand their challenges and deliver the product features they need.”
“Version 5.0 is a significant release and is in response to those needs. The release also includes many important updates and enhancements to new and existing format plug-ins, to address the needs of new regulations and technologies being adopted” said Mr. Oddiraju.
Preeti Das, Chief Executive Officer, Birlasoft concluded: “A niche player in capital markets technology with specific focus on post-trade solutions across multiple asset classes including derivatives, Birlasoft has been delivering high quality solutions and value added services to customers on market and regulatory initiatives that are re-defining the behavior of global markets today.”
“As a business alliance partner of Volante, we have been an early adopter of the Volante Designer Version 5. With Volante’s new and enhanced features of Designer version 5.0, we believe we’ll be able to enhance and expand our services to multiple domains and deliver them faster to our financial services customers.”