Low-latency messaging technology firm 29West has formed a partnership with Intelligent Wave (IWI), a network technology specialist, under which Intelligent Wave will provide 29West’s solutions and technical support to securities firms and other financial institutions in Japan.
“Through our direct sales efforts and through key partners like IWI, 29West is committed to the Japanese market and we are very pleased with the market growth we are seeing,” said Mark Mahowald, founder and president of 29West, in a statement. “There is a clear market need for high performance messaging solutions in Japan and we are seeing rapid growth in the market for our Latency Busters Messaging (LBM) and Ultra Messaging for the Enterprise (UME) Products.”
Yoshiyuki Yamamoto, president of IWI, added, “There is a big market need for high performance messaging solutions in Japan. In particular, most securities companies need these solutions to prepare for the Tokyo Stock Exchange’s next-generation trading system. We are also seeing rapid growth in the market for Latency Busters Messaging or LBM.”