Agency broker and buy-side crossing network operator Liquidnet has selected Solace Systems, a provider of hardware-based middleware, to provide messaging technology for its liquidity matching service.
Solace provides message routers that enable computer systems to share and distribute information at high speeds. Liquidnet will use Solace’s unified messaging platform and the Solace 3260 message router to accelerate messages it sends across the globe. According to Liquidnet, it chose Solace for its fast, predictable performance, ease of use, and high availability architecture.
“Providing our members with fast and reliable access to liquidity is at the heart of our business,” said Brett Kotch, head of architecture at Liquidnet. “Solace came to us not as a vendor, but as a business partner, and we’ve defined the next-generation infrastructure that will help us extend our position of leadership in trading services.”
Liquidnet’s US operation executed 1.02 billion shares in February 2010, with an average daily US trading volume of 53.86 million shares and average trade size of 47.9 million shares.