Tervela announced version 3.0 of its messaging solution. The release introduces the Tervela Message Network platform, which includes new product lines for high-performance messaging, persistence and common extensible application services. The 3.0 platform introduces the Tervela TPE Persistence Engine - a hardware solution fully integrated into the Message Network that captures all message traffic without impacting application-level performance.

    The Tervela Message Network is a next-generation architectural framework that serves as the foundation for high-performance trading infrastructures and other data-intensive compute environments. As an easily-integrated mezzanine layer that sits between the transport network and the applications, Tervela's 3.0 platform ensures unparalleled message throughput, predictable and consistent low-latency, scalable data distribution, functional extensibility and operational continuity.

    According to Vijay Oddiraju, CEO, Volante Technologies, "Increasing options data volumes and volatile market conditions are putting incredible strains on trading infrastructures. Companies, like Tervela, are providing new ways for firms to develop smarter, next-generation trading systems by attacking the root cause: the increasing degradation of legacy messaging systems."

    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.

    The Tervela TMX Message Switch is a purpose-built, silicon-accelerated messaging appliance that sits at the heart of the Tervela Message Network. Unlike legacy, software-based messaging solutions, the TMX Message Switch helps overcome the business and information distribution challenges of the world’s most demanding customers and gives them: sustainable speed, continuous stability, and unlimited scalability. It interfaces to the Tervela TPM Provisioning & Management System, external publishers and subscribers through the Tervela Client API, companion TMX switches for message networking and fault tolerance, and direct data feeds to form a seamless, integrated, high-performance messaging platform.

    The Tervela operating system also supports functionality extension through the incorporation of business modules such as feed handlers. The TMX Message Switch currently supports several native feed handlers, such as the Options Price Reporting Authority, as well as many others through our business partners.