©Celoxica 2008. T: +44 (0)1235 863656
Press release
Celoxica partners with Tervela to deliver ultra-high speed market data to enterprise applications.
LONDON, 9 June 2008 – Celoxica (AIM: CXA), a leading provider of high performance computing solutions, has teamed up with Tervela, the leading provider of high-performance messaging systems, as a founder charter member of the Tervela Advantage Partner Program (TAPP). By integrating with the Tervela Message Network, Celoxica offers financial services firms the ability to connect to multiple execution venues and source unprecedented levels of market data more quickly with a drastic reduction in the overall trade lifecycle.
Tervela has developed TAPP to be an ecosystem of integrated partner solutions that extend and amplify Tervela’s Message Network to ensure that financial services firms maintain competitive advantage with their high-performance trading infrastructures. The combined solutions overcome the operational inefficiencies and continuity constraints of legacy middleware and messaging software. Charter members of TAPP include FIX Flyer, Portware, Volante Technologies and Celoxica.
Lee Staines, chief executive officer of Celoxica said: “The unparalleled message throughput of the Tervela Message Network dovetails well with Celoxica’s own solutions for delivering market execution data to pricing engines, matching engines and automated trading systems, with the lowest-latency, highest reliability and greatest consistency whatever the volumes or spikes in volume. As a new force in low-latency we are delighted to have been chosen by Tervela to join their partner programme.”
“The Tervela Message Network is an intelligent, extensible, high-performance messaging platform engineered to exceed the requirements of the world’s most demanding, data-intensive, financial services organisations,” said Bob Cramer, CEO, Tervela. “With TAPP we’re extending our solution to include best-of-breed partner offerings so our customers increase their competitive advantage without having to overhaul their systems from the ground up.”
Tervela has chosen partners with solutions designed to take on the demanding performance requirements and operational challenges of high-performance trading infrastructures.
About Tervela
Founded in 2004, Tervela delivers the next-generation communications infrastructure – the message network – designed and engineered to exceed the information dissemination and processing requirements of the world’s most demanding financial services institutions. Addressing the challenges of market volume, volatility, and visibility, Tervela invented the message switch to enable investment banks, hedge funds, exchanges, and other data-intensive organizations to deliver consistent, outstanding, and predictable performance – even in the most demanding market conditions. The company is funded by Goldman Sachs, Sigma Partners, Acartha Group and North Hill Ventures.
About Celoxica (www.celoxica.com)
Celoxica is a leader in accelerated computing solutions, with a focus on low latency solutions for financial services. Headquartered in Abingdon, Oxfordshire and New York, Celoxica is a public company quoted on AIM at the London Stock Exchange (AIM: CXA).
Our IP lies in the unique Accelerator Card by Celoxica and our solutions combine accelerated hardware, firmware, Application Programming Interfaces (APIs) and professional services.
Further information:
Lee Staines (CEO) Celoxica
Tel: +44 (0)1235 863656
