TIBCO's TIB Platform for Market Data Distribution is Selected by LIFFE for up to 2,000 Trading Positions.LONDON--(BUSINESS WIRE)--June 27, 1997--TIBCO Finance Technology Inc. today announced its TIB See NIST binary. (R) platform for real-time market data distribution has been selected by the London International Financial Future and Options Exchange (LIFFE LIFFE See: London International Financial Futures and Options Exchange LIFFE See London International Financial Futures and Options Exchange (LIFFE). ) for up to 2,000 trading positions. Using TIBCO's newly released NT-TIB with IP Multicast A one-to-many transmission of data over an IP network. It is used for a myriad of purposes including updating routers, announcing and discovering services and streaming media. IP multicast saves network bandwidth, because packets are transmitted as one stream over the backbone and only and the industry standard MarketSheet for Windows, financial market information will initially be delivered to 1,600 trader workstations and to 200 over market displays using Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT-based PCs. This growth reflects LIFFE's ambitions to expand its operations to include the largest and most technically advanced trading floor in Europe by the end of the century. Under this multi-million dollar contract, TIBCO TIBCO The Information Bus Company will also supply LIFFE with a full range of services, including development, support, integration and consulting. Gary Jordan, Associate Director, Floor Systems Development, LIFFE says: "All the leading products were carefully reviewed and the Exchange committee's decision to use TIBCO was unanimous. Over the next three years we are making a significant investment in expanding our trading floors. The TIB messaging platform will be a key component of that infrastructure. With plans to significantly grow our operations, issues of flexibility and scalability were key to the decision-making process. The TIB was agreed to be the best long term technical architecture." Jordan continued: "At LIFFE we want the best technology available. The competition that now exists between international exchanges demands that we use new technology to retain our position of leadership. TIBCO offers us the best technology and the best technical skills available in the industry." "In the international financial markets LIFFE is well known as a leader and innovator and their selection of the TIB platform confirms our technological edge," explains Vivek Ranadive, Chairman and Chief Executive Officer of TIBCO. "The scale of the project is of great significance to both organizations. We regard the relationship as a strategic partnership and are fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to helping LIFFE achieve its ambition to build the most advanced trading floor in Europe." About TIBCO Founded in 1985, TIBCO is an international market leader and pioneer in network software tools for building distributed applications An application made up of distinct components running in separate runtime environments, usually on different platforms connected via a network. Typical distributed applications that provide real-time information exchange throughout the enterprise. The company developed and patented publish and subscribe (1) To provide a source of information that users select from and then receive on a regular basis or when certain events occur. The service can be public or private, free or paid, and information can be provided via e-mail and the Web or by means of proprietary applications. technologies that allow for interapplication communications across heterogeneous environments. Based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , TIBCO operates as an independent division of Reuters Holdings PLC, one of the world's largest news and information companies. With more than 400 customers worldwide, TIBCO is a premier supplier of digital trading systems and integration technologies to financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms worldwide. About LIFFE Since its inception in 1982, the London International Financial Futures and Options Exchange London International Financial Futures and Options Exchange (LIFFE) A leading market for trading options and futures on euro money market derivatives. (LIFFE) has experienced spectacular growth to attain and consolidate its position as the leading futures and options exchange in Europe and the second largest in the world. The success of the Exchange has reinforced the City of London's strategic position as a centre of international finance. LIFFE is proud to take its place as one of London's two main financial markets, with a nominal daily turnover of 187 billion pounds in the first quarter of 1997. Its contribution, through the activities of its members, to the UK invisible earnings was around 870 million pounds in 1996. It is estimated that some 25,000 are employed in the City as a part of the industry surrounding LIFFE. -0- Information Bus and TIB are registered trademarks of TIBCO. Other brand or product names may be trademarks or registered trademarks of their respective companies. REUTERS and the dotted logo and sphere logos are the house trademarks of REUTERS Limited. REUTERS is a registered trademark in more than 25 countries worldwide. CONTACT: Steve Ellis/Julia Gregory Diana Stott Write Image TIBCO Finance Technology Inc. +44 171 493 5400 +1 415 846 5111 steve@write-image.co.uk diana@tibco.com |
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