Icap has selected Tervela technology to support a global messaging infrastructure for its electronic broking division Icap Electronic Broking (IEB). Tervela’s TMX message switches, TPE persistence engines and the TPM provisioning and management system beat IBM’s MQLLM solution as well as products from Tibco Software, RTI, Solace Systems and 29West in a rigorous nine-month product evaluation and sales process that came down to a bake-off between Tervela’s hardware-based solution and a software-driven messaging system.

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