Think Trade Selects PrismTech's OpenSplice DDS as the Low-Latency Messaging Fabric for its Automated Trading Systems

14 July 2008

Only OpenSplice DDS provides the ultra-low-latency, extreme throughput, stability and advanced data management required for next-generation Automated Trading Systems

Think Trade LogoBoston, MA, USA – 14 July, 2008 — PrismTech™, a leader in high-performance middleware and development tools, announced today that its OpenSplice DDS™ product suite has been selected by Think Trade LLC as the foundation for ultra-low-latency and real-time Business Intelligence in their next generation Automated Trading System.

Think Trade, like many other financial firms, requires real-time Business Intelligence to provide analytic insights reflecting the state of their trading system. This capability is needed to dynamically adapt their trading strategy to optimally address the market. To help meet this need, Think Trade conducted an extensive study of the leading messaging technologies available on the market. As a result of this study, they chose PrismTech’s OpenSplice DDS, which is a next-generation messaging solution that provides ubiquitous and ultra-low-latency access to data, as well as supporting sophisticated relational data modeling, data filtering, and event-processing, whilst ensuring high availability and stability under overload conditions.

“Think Trade has reviewed various commercial and open source messaging middleware technologies. OpenSplice DDS was selected as the solution with the greatest potential to meet our demanding performance, stability, and flexibility requirements; important factors in our decision were the quality of the OpenSplice DDS team and the product's many advanced features, such as support for relational data modeling, traffic shaping, and a rich set of QoS parameters. We believe the OpenSplice DDS product is well positioned for success in trading applications and that DDS will become an important and widely accepted technology in finance. We look forward to the benefits from unleashing scalable and near real-time ubiquitous access to the business intelligence currently trapped in proprietary point-to-point messaging protocols, and to the enhancements we expect to be built in response to our leading-edge use of the OpenSplice DDS product,” said Andrew Athan, President, Think Trade.

“With proven capability in global markets, we saw a significant opportunity in the financial sector for low-latency middleware a year ago. I am excited that, working with technology-aware leaders like Think Trade, we have been able to quickly demonstrate the clear and unique value delivered by OpenSplice DDS,” said David Cairns, Chairman and Managing Director, PrismTech. “Working with strategic clients such as Think Trade will further improve our ability to deliver unequalled value to technology players in the financial sector. The opportunities for OpenSplice DDS in finance are extremely exciting.”

OpenSplice DDS is the industry’s fastest growing and most advanced ultra-low-latency messaging middleware. It provides extreme performance data-centric publish/subscribe middleware that optimally satisfies the requirements of next-generation financial trading applications. In particular, OpenSplice DDS can (1) distribute millions of market data updates per second while retaining low latency and jitter and ensuring stability even under overload conditions, (2) support sophisticated relational and object-oriented data modeling, and (3) provide a rich set of qualities of service, such as traffic prioritization, traffic shaping, hardware and software filtering, content-based subscriptions, queries and filters, as well as providing a data persistence with minimal performance overhead.

OpenSplice DDS has many proven production deployments that demonstrate its exceptional attributes in supporting complex business and mission-critical systems in a range of application domains, such as financial.

About PrismTech

PrismTech is an acknowledged leader in advanced software integration solutions. The company develops, markets, and supports a wide range of high-performance, standards-compliant, and cost-effective middleware products which are further differentiated by unique technical capabilities and advanced productivity tools. PrismTech's products "Power Netcentricity" by enabling the event-driven communications, end-to-end qualities-of-service, and software optimization required to best exploit available resources, to better synchronize events, and to support system agility. PrismTech's product's differentiators are most highly valued in markets that require business-critical and mission-critical systems. These systems are pervasive in a number of vertical markets, such as Telecom, Mil/Aero, Finance, Utilities, Transportation, and Civil Administration. PrismTech's customers constitute an impressive list of major systems integrators, OEMs, and ISVs, including many Fortune Global 500 companies.

About Think Trade

Think Trade, LLC is a proprietary trading company that employs quantitative strategies to analyze and trade the markets for its own account.

Press Contact:
Gregg Shenton

OpenSplice DDS is a trademark of PrismTech. All other trademarks are the property of their respective owners.