Commerzbank Builds Enterprise Trading Solution Using IONA Technologies' Orbix and OrbixTalk.FRANKFURT, Germany--(BUSINESS WIRE)--June 21, 1999-- Commerzbank This article is about the bank headquartered in Frankfurt, Germany. For other uses, see Commerce Bank. Commerzbank AG (ISIN: DE0008032004, DAX: B>CBK) is the second-largest bank in Germany (after Deutsche Bank) and headquartered in Frankfurt am Main. (XETRA Xetra Deutsche Borse electronic trading platform that commenced operation in 1997. :CBKG), a leading global bank, has built an enterprise trading application called Tradinjector using Orbix A CORBA-compliant ORB from IONA Technologies Inc., Dublin, Ireland (www.iona.com) (U.S. office, Waltham, MA). Founded in 1991, IONA is a leading member of the OMG, and Orbix has become a popular CORBA-based system due to its multi-platform support and OLE integration. (r) and OrbixTalk(tm) products from IONA Technologies IONA Technologies, NASDAQ: IONA, began life as a campus company in Trinity College, Dublin and was founded by Chris Horn, Annrai O'Toole, Colin Newman and Seán Baker.[1][2] IONA maintains headquarter offices in Dublin, Boston and Tokyo. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IONA), the world leader in Making Software Work Together(tm). Tradinjector receives time-critical trading data from Commerzbank subsidiaries and trading houses and ensures the prompt and accurate delivery of that information to Commerzbank's front end banking systems. Tradinjector has already been deployed in Frankfurt and London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. for the on-line trading of global equities. Tradinjector relies on the multi-cast messaging technology provided by OrbixTalk. Multicasting allows the economical delivery of information to a large number of local and remote users. By utilizing OrbixTalk's advanced functionality, Tradinjector guarantees incoming trading information is received and re-directed to the appropriate traders' desktop in a timely manner. The result is the delivery of up to the minute accurate information on selected equities. Commerzbank also uses IONA's Orbix to integrate Tradinjector with additional external trading applications and internal enterprise systems, offering a complete solution to global equities trading. "Managing and maintaining our IT systems in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with the rapid expansion of our global equities trading division was beginning to pose serious challenges," said Markus Neukirch, Head of IT-Applications at Commerzbank Global Equities in Frankfurt. "Building a trading application based on proven industry standards offered us the most benefits both to attain critical performance levels now and to ensure system scalability in the future. IONA's Orbix and OrbixTalk delivered exactly the type of robust infrastructure we needed to build Tradinjector. The ease of use of IONA's products coupled with the excellent backup support have allowed us to implement a state of the art trading solution in a relatively short period of time." "The nature of the global economy is the need for rich applications which enable the collection and distribution of business information from diverse sources to create a compelling business solution," commented Noel Toolan, senior vice president of marketing at IONA Technologies. "Financial trading applications are a case in point. Key business decisions are taken based on the delivered information. As a result, this data needs to be accurate and on time. Orbix and OrbixTalk provide a proven middleware Software that functions as a conversion or translation layer. It is also a consolidator and integrator. Custom-programmed middleware solutions have been developed for decades to enable one application to communicate with another that either runs on a different platform or comes from a infrastructure that enables companies such as Commerzbank to maximize their investment in IT, deliver real-world applications that make a difference." IONA's Orbix is one of the world's leading middleware products and is used by organisations worldwide to integrate diverse applications and computer platforms ranging from Windows, Java and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). to the Mainframe. OrbixTalk is IONA's middleware product for enterprise messaging. OrbixTalk provides the technology to support large, scaleable messaging in a robust manner. gies (NASDAQ:IONA) is the world leader in Makina reliable, dependable and scaleable manner. Accleware product. NOTE TO EDITORS: To access IONA press releases and background material on the web, visit: http://www.iona.com/info/aboutus/pressroom/index.html . If you would like to receive IONA press releases by e-mail, contact Niamh Murphy at niamh.murphy@iona.com. IONA and Orbix are registered trademarks of IONA Technologies. Making Software Work Together is a trademark of IONA Technologies. CORBA (Common Object Request Broker Architecture) A software-based interface from the Object Management Group (OMG) that allows software modules (objects) to communicate with each other no matter where they are located on a private network or the global is a trademark or registered trademark of Object Management Group, Inc. in the US and other countries. All other trademarks are the property of their respective owners. |
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