Order Execution

“Money is better than poverty,
if only for financial reasons.”

- Woody Allen

In the back office systems of financial institutions, the delivery of information and transactions from one system to the next must be guaranteed for purposes of security, accountability and compliance. Simply put, every piece of information must be delivered or reported as undeliverable so it can be handled appropriately. This guarantee has historically come from messaging software that stores each message to disk until receipt is confirmed, but rising data rates and transaction volumes have pushed these systems to the breaking point, and they’re impeding the ability of financial firms to process orders and other back office activities quickly and reliably.

Solution Summary

Solace’s hardware-based solution for order execution and other back-office interactions sets new standards for performance, reliability and manageability in guaranteed message delivery. Solace’s patented technology guarantees the delivery of messages without having to persist every message to disk, with full failsafe behavior in the event of a power or system outage.

Advantages and Benefits

• Consolidation and cost savings: A single Solace message router delivers the guaranteed messaging capacity of 10 to 50 general purpose servers, leading to a system that is much less complex and costly to implement, administer and run.
• Faster execution, happier customers: By queuing messages in high-speed on-board memory instead of writing them to disk, Solace’s solution offers latency that is both low and consistent. This accelerates order routing and risk management initiatives, and is a clear competitive advantage that can improve customer retention and profitability.
• Increased flexibility: Solace message routers support high-speed messaging, content distribution, content routing, content transformation and more, which means Solace solution can be extended to meet all of a company’s middleware needs with one API.
• Improved management: Solace’s unique network processing hardware can track detailed usage statistics in hardware with no impact on throughput or latency of messages. Solace provides operating transparency of queue depths by user, distribution link failures and other problems that have affected software middleware management.