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Mexico’s Grupo Bursátil Deploys Messaging Tech from Solace Systems

SolaceSystems_homepage_July2016

Major Mexican investment and brokerage firm Grupo Bursátil Mexicano is stepping up its deployment of messaging technology from Solace Systems. Group Bursátil uses the technology to enhance distribution of data, trades, and clearing, and settlement information throughout its worldwide business.

“When we evaluated data distribution technologies for our next-generation infrastructure we found that Solace offers the best combination of performance, scalability, and stability,” Grupo Bursátil Mexicano CIO Artemio Guerrero said. GBM will migrate its new trading infrastructure to a “Solace-based Enterprise Service Bus” that has routed data between front, middle, and back-office apps with 100% uptime since being deployed.

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Pictured:  Solace Systems’ Emily Hong (Senior Sales Engineer) during her presentation, “The Evolution of Data Movement on Wall Street” at FinDEVr 2016 in New York.

Solace Systems specializes in providing messaging middleware to help financial institutions efficiently and accurately route market information ranging from orders and price data to payments, trades, and other transactions to front- and back-office systems. Solace counts among its clients six of the biggest investment banks in the world, and three out of the top four FX banks.

Also this month, Solace announced that its messaging technology would be a “key infrastructure component” of the next-generation ERP (electronic road pricing) system currently under development for the Singapore Land Transport Authority by NCS and Mitsubishi Heavy Industries Engine System Asia. In April, speech API innovator VoiceBase deployed message routers from Solace Systems to route “millions of messages per second”.

Founded in 2001 and headquartered in Ottawa, Ontario, Solace Systems presented “The Evolution of Data Movement on Wall Street” at the inaugural FinDEVr developer’s conference in New York this spring. The company was acquired by Bridge Growth Partners in an April LBO.