Tervela Unveils 3.0 Message Network Platform

Tervela, (booth # 1606), a leading provider of high-performance, low-latency messaging systems, has launched version 3.0 of its messaging solution, which introduces Tervela TPE Persistence Engine – a hardware solution fully integrated into the Message Network that captures all message traffic without impacting application-level performance.Easily configured to store a wide range of specified topics over varying publishing volume levels, the TPE is able to address demanding message storage requirements driven by regulatory and audit challenges - even under the most volatile market conditions. These topics, which include market data and order routing information, are automatically recorded and available for immediate playback to support market simulations, data mining and automated scenario building.The 3.0 platform also introduces the Tervela TSE Service Engine™ — a hardware solution fully integrated into the Message Network that seamlessly provisions common extensible applications such as intelligent order routers, FIX engines and book services without infrastructure reengineering. The TSE allows trading system logic to reside “in the network”, thereby delivering unprecedented calculation and execution speed without jeopardizing the stability of the broader trading infrastructure.“Since its introduction, the Tervela TMX Message Switch proved the efficacy of a messaging solution engineered from the ground up for high-performance, low-latency messaging,” said J. Barry Thompson, Co-Founder and CTO of Tervela. “With this release, we are extending our messaging solution to a customer-driven, extensible and scalable platform that adds intelligence into the network. By fundamentally changing the data distribution equation for even the most demanding firms, Tervela will become the foundation for high-performance trading infrastructures of the future.”