AX Trading standardizes on Informatica for messaging

Informatica Corporation announced that securities trading
startup, AX Trading Group, has standardized on Informatica Ultra Messaging
software as the backbone for its next-generation trading platform.

The AX Trading Network platform is a new Alternative
Trading System (ATS) that helps source liquidity in tough-to-trade situations.
AX Trading Network is a private trading community that connects traders in a
safe, secure environment to find latent liquidity and achieve best execution.

The AX Trading Network platform is based on a decoupled
service-oriented architecture comprising multiple gateways, a matching engine,
a market data provider, a persistence engine, Web-based systems and clearing

Informatica’s Ultra Messaging Persistence Edition
provides guaranteed messaging using Informatica’s innovative Parallel
Persistence architecture. Parallel Persistence provides low latency guaranteed
messaging without the need for centralized messaging brokers or specialized
hardware infrastructure, such as Storage Area Network systems, found in
traditional store and forward designs resulting in faster trades.

Informatica is providing the core technology we need to
become a broker/dealer and successfully run our business,” said Mohan
Thurairajah, executive vice president and chief technology officer, AX Trading

Using Informatica Ultra Messaging, we’ve been able to
quickly build persistent services for the entire enterprise. We’ve also avoided
having to invest in a costly hardware infrastructure because of Informatica’s
neutrality, we know their solutions work on commodity servers and still
delivers the highest possible quality of service. Clearly, relying on
Informatica has been the right decision,” said Thurairajah.

Building a trading platform from scratch is a daunting
undertaking,” said Mark Mahowald, general manager, Ultra Messaging,
Informatica. AX Trading Network’s success in this endeavor illustrates why
Informatica Ultra Messaging has become the messaging product of choice for so
many organizations looking to achieve top messaging performance, reduce
infrastructure costs and optimize system resilience.”

By Team
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