TIBCO FTL Selected by CME Group for Enhanced Trading Infrastructure
TIBCO's Extreme Low Latency Messaging Integrated into CME Group's Global Trading Platform
TIBCO Software Inc. announced today that CME Group, the world's leading and most diverse derivatives marketplace, has chosen TIBCO FTL® extreme low latency messaging software to be integrated with its enhanced trading infrastructure.
TIBCO FTL high-speed messaging system, consistently given top marks by industry experts for performance, reliability and scalability, will allow CME Group to continue meeting traders' desire for increasingly faster execution times.
CME Group has long been recognized as a technology innovator, and selected TIBCO FTL messaging after several months of internal testing.
Key Highlights for CME Group:
- TIBCO's messaging middleware will be used at CME Group in one of the world's most demanding computing infrastructures, a derivatives market that handles tens of millions of trades every day, around the clock, in every asset class and for investors in nearly 90 countries.
- In the CME Group environment where speed is important, TIBCO FTL provided very low round trip times.
Key Highlights for FTL:
- Applications running inside a single TIBCO server have been proven to pass messages at 354 nanoseconds, or billionths of a second, nearly 40% faster than competing products. Messaging between servers operates at 3.4 microseconds over InfiniBand transport.
- FTL was developed in close collaboration with Intel to take full advantage of Intel's multi-core server processors. TIBCO's software also supports other leading-edge technologies, from shared-memory architectures to InfiniBand to 10 Gigabit Ethernet.
"There is no limit to the financial sector's need for speed, and the TIBCO FTL messaging software has demolished the speed barriers to inter- and intra-machine messaging," said Murat Sonmez, EVP, Global Field Operations, TIBCO. "As a nerve center for global financial markets, CME Group has extremely high standards for its technology infrastructure. Failure is not an option, and neither is anything except world-class, industry-leading performance. TIBCO is proud to supply CME Group with both."
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it's optimizing claims, processing trades, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage® – the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at www.tibco.com.
TIBCO, TIBCO Software, TIBCO FTL, and two-second advantage are trademarks or registered trademarks of TIBCO Software Inc. or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
CME Group is a trademark of CME Group Inc., used here with permission.