Kevin Covington in Automated Trader – Get your fix in first! , 03 August 2010
In an article published in Automated Trader earlier this year Kevin Covington, Deputy CEO of ITRS, argues that in a fast-moving competitive environment financial institutions must take steps to anticipate situations that lead to service disruption before events become critical. In the article Covington describes what is happening in the high frequency trading market and how operations teams can respond with a service led approach for automating support processes and drive profit to the bottom line.
To find out more please download the reprint of the article in Automated Trader here.
ITRS Group and Solace Systems collaborate on real-time monitoring, 15 June 2010
NEW YORK, June 15, 2010 – Solace Systems, the leading provider of middleware appliances, today announced that ITRS Group plc, the leading provider of predictive, real-time systems and application management products to the world's financial community, has integrated connectivity between ITRS Geneos and Solace’s Unified Messaging Platform. The integration was completed at the request of joint customers, including a large multinational bank. Clients who use Solace for low latency middleware can now use the ITRS Geneos Dashboard to view key latency statistics and reports fromSolace networks in real-time.
The ITRS Geneos interface records and monitors operational statistics and data from Solace’s hardware messaging network which are then displayed on the ITRS Geneos Active Console Dashboard in real-time. The Solace interface to ITRS provides middleware operations teams with greatly enhanced capability for real-time alerts, predictive analysis and comprehensivestatistics for capacity planning.
“The move to high performance appliances for consolidated messaging backbones has underscored the need for real-time monitoring and intelligent analysis,” said Colin Thomas, director, alliances programme at ITRS. “Our mutual clients will quickly benefit from the competitive efficiencies and enhanced reliability provided by the proactive system management and monitoring.”
The collaboration between Solace and ITRS is a direct result of the recently announced ITRS Global Alliances Programme. With eight of the world’s top 10 banks and 30 of the top 50 financial institutions as clients, as well as over 100 specialized interfaces, ITRS Geneos can give financial institutions greater visibility and control over their systems.
“In the world of high frequency trading, firms understand that a real-time monitoring solution that provides a holistic view of all systems and infrastructure is critical,” said Shawn McAllister, Solace’s CTO. “The integration of our products with ITRS Geneos software gives customers a robust way of gathering the performance and system behavior data they need to compete in the global marketplace.”
The ITRS integration package (plug-in) is now available to all Solace customers. For additional information, please email Colin Thomas at ITRS
ITRS presents to Oracle Coherence SIG in London 10 June, 09 June 2010
ITRS has developed an interface to Oracle Coherence that makes it easy for operations teams using ITRS Geneos to gain the visibility they need to anticipate problems in their Coherence-based environments and take corrective action before issues have an impact on operations.
The Oracle Coherence interface has been developed in conjunction with Oracle Coherence users and allows real-time metrics and calculated summaries of information on Clusters, Nodes, Caches and Connections to be combined with monitoring of other infrastructure elements, for example disks, CPUs and network interfaces, to provide an end-to-end view of Oracle Coherence data grids in a business service context.
Find out about the new Geneos Oracle Coherence interface
Strategic alliance programme announced by ITRS, 07 June 2010
ITRS Group has announced the launch of their new Alliance Programme.
Alliances are becoming increasingly important to financial markets as more and more technology firms realise the huge benefits they can bring - an increase of between 25% and 40% on business-as-usual in the software industry.
Says Colin Thomas, director, alliances programme at ITRS: “Firms want to work with ITRS because we help them in a number of ways. They can enhance their own real-time monitoring capabilities without running up significant development costs, they can integrate their applications directly into the management structure already in use by more than 50 clients, and they can build their own value-added applications to supply to the ITRS customer base. The ITRS strategy is to work with firms with market-leading technologies with a view to building a rich partner programme providing our clients with more options for adding value to their ITRS Geneos installations and becoming the real-time performance management and monitoring partner of choice to these firms.”
ITRS’s alliance programme comprises three strands:
• Managed by ITRS Geneos – for applications and service vendors which would like to deliver solutions that include ITRS real-time monitoring capability.
• Integrated into ITRS Geneos – for firms which want to tightly integrate their applications with their clients’ ITRS enterprise management framework.
• Developed for ITRS Geneos – for vendors which can see a potential for growing their businesses by developing and distributing value-added applications and interfaces to ITRS Geneos to their customers and partners.
Stephen Bates, ITRS CEO, commented: “The alliance with NYSE Technologies announced in 2009 has been very successful and highly beneficial for both companies. There is substantial interest from other firms in the financial industry to follow suit. Our aim now is to build on our experience and reputation by setting up key alliances within the industry.”
ITRS Spring 2010 Newsletter, 20 May 2010
In this issue we investigate whether firms are “fighting the last war” by focusing on driving down latency, while the real driver for profits is to improve operational efficiency. Our NSX case study demonstrates that delivery of sub-millisecond performance and constant service improvements is a possibility for customers and we consider how high-frequency trading demands firms get their technology and risk management processes aligned. We also share lessons we learned with our customers from invoking the ITRS Business Continuity Plan twice in three months and provide the usual roundup of ITRS news and tips.
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