Paremus Adds Clients with Low-Latency Messaging
Driving the adoption within each organization is the desire for low-latency risk calculation, pricing and exploiting the modular service architecture that is defined by the open Java-based service-oriented architecture (SOA) OSGi standard, explains Richard Nicholson, founder and CEO of Paremus.
The implementations will also be the first to use the messaging platform from middleware vendor Real-Time Innovations (RTI), which is based on Object Management Group's (OMG's) Data Distribution Service for Real-Time Systems (DDS) standard, which should be generally available in the second half of the year.
"When we first launched our platform around 2004 and 2005, we used Java Remote Method Invocation (RMI), but we realized that while we were moving forward to the next generation, we needed to look at messaging platforms available in the industry," says Nicholson. "When you have a distributed set of resources and services speaking with each other, you want the lightest weight low-latency messaging infrastructure to bind it all together. It will give users a very responsive experience from an operational, deployment, recovery-from-failure and application perspective."
Paremus began investigating RTI's implementation of the DDS standard in early 2009 and "started to use it in earnest in mid-2009," says Nicholson.
The latest version of PSF allows firms to move pricing from bespoke grid environments running handcrafted protocols to a service fabric environment, which distributes Java runtime environments across the fabric, rather than having to deploy an enterprise service bus (ESB).
However, the RTI technology doesn't focus just on low-latency messaging, adds Sumeet Shendrikar, director of technology, financial services, at RTI. "Now that you have something that works from the low-latency front office to the distributed environments of the middle and back office, it is easily exploitable using the service fabric philosophy."
Paremus has about 10 installations of its service fabric within the financial services vertical, says Nicholson. "We have been running in a European bank for the past three years where they are using it for a typical grid infrastructure," he adds. Another firm recently went live with a pilot last month, "but it didn't include the DDS capabilities, which will be added in their next upgrade."
Rob Daly
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