Portware, a multi-asset trading systems provider, has launched Portware High Availability (HA),
a real-time failover system. The new backup service is available to buy-side and sell-side firms using Portware’s Enterprise solution. Portware claims
the system provides unprecedented business continuity in the event of any trading system failure.
Portware says HA eliminates the risk of downtime by delivering an instantaneous failover solution. The system continuously monitors the client’s core trading environment, duplicating messages and maintaining real-time copies of positions, outstanding orders and order status on a separate server. As soon as Portware HA detects an interruption to normal trading operations, it immediately switches to the backup server. Portware claims this eliminates the need to restart trading systems, check positions and re-establish connections, which can take minutes and even hours.
“In today’s high volume trading environment every millisecond counts, and even a few seconds of downtime can result in huge financial loss,” says Eric Goldberg, chief executive officer, Portware. “Portware HA offers a real-time backup solution so trading can continue despite system blips or even catastrophic failures.”