Equiduct standardises on Tibco's Rendezvous

01 November 2007

Equiduct, the MiFID-ready pan-European platform, has standardised its electronic trading infrastructure on Tibco's messaging technology, Rendezvous.

California-based Tibco says its messaging platform forms the foundation of the European trading system and is being used to deliver market data and trade information in real-time between various components of Equiduct's trading infrastructure.

 

Rob Brouwer, Equiduct's chief information officer, says: "Given the massive volume of time sensitive and confidential information that needs to be distributed and exchanged, Tibco's low-latency messaging software was the optimal choice for meeting our demanding requirements for speed and efficiency."

 

The Equiduct platform - which is majority-owned by Börse Berlin - is based on an upgraded version of the Easdaq exchange technology platform, and has been designed to provide users with a MiFID-compliant, integrated Europe-wide single connection for trading services and execution.

 

Commenting on the Tibco implementation, Murat Sonmez, the vendor's EVP of global field operations, says: "Tibco Rendezvous' ability to facilitate order negotiations and execute large volume transactions securely, anonymously and in real-time, is a crucial competitive factor for helping customers such as Equiduct capture new revenue streams and market penetration."

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