Chi-Tech adopts IBM messaging technology.
TELECOMWORLDWIRE-17 September 2009-Chi-Tech adopts IBM messaging technology(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
IBM (NYSE:IBM) today announced that it has signed an agreement with Chi-X Global Technology LLC (Chi-Tech) which will see Chi-Tech adopt IBM's high speed messaging technology in its exchange and market centre trading technology platform.
The company said that the agreement will enable Chi-Tech to integrate IBM WebSphere MQ Low Latency Messaging as part of the matching platform it provides to clients around the world. It also allows the company to include the IBM messaging technology in platforms deployed for the regional Chi-X market centres.
IBM's WebSphere MQ Low Latency Messaging is a high speed messaging transport optimised for today's high volume, low-latency requirements of financial marketplaces and participant firms. The technology was developed in IBM's labs in Haifa, Israel as part of the company's research and development program. Version 2.2 offers industry-leading messaging performance of up to 90 million messages per second.
No financial details of the agreement were announced.
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