Zivlyn Systems Selects RTI’s Low-Latency Messaging for Next-Generation Order Book System

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 9, 2008 --

NEW YORK, SIFMA Technology Management Conference–June 10, 2008–Real-Time Innovations (RTI), The Real-Time Middleware Experts, and Zivlyn Systems LLC, a consulting company that specializes in providing custom technology solutions to financial institutions, announced today a partnership to develop a next-generation trading system based on RTI middleware. Responding to the surge in market volume, Zivlyn and RTI designed the new system to provide a highly-scaleable, ultra-low latency solution to replace legacy (1990s) systems. The new architecture scales well for automated and high-performance trading in very large networks.

“As market data volumes have risen exponentially in the past few years, several firms have suffered revenue losses directly caused by inadequate infrastructure,” said Robert Provenzano, president of Zivlyn Systems. Zivlyn took a proactive approach and upgraded their systems within the strict timeframes of a phased delivery. The power and functionality of the RTI API enabled Zivlyn to progress from the concept phase to implementation in less than three months. “Traders make money by seizing opportunity in a fast moving market – they need a system to be fast when data volumes are at their peak. After extensive testing, we are confident that RTI will dramatically minimize these delays caused by fluctuating bursts of market data.”

David Barnett, vice president of Real-Time Innovations, commented, “With three developers, Zivlyn has delivered the next-generation packaged equities solution for the U.S. mid-market.”

The URL for this release is located at http://www.rti.com/corporate/news/zivlyn-ng-order-book-system.html

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