On 1 November 2007, MiFID will significantly change how financial markets and investment services operate across all 27 member states of the European Economic Area (EEA). By leveraging a single access point approach, a new regulatory governing regime and TIBCOâs proven technology to power its trading platform, Equiduct will offer investment firms across a compelling, low-cost trading alternative delivering best execution and transparency for price and trade distribution.
Equiductâs Chief Information Officer, Rob Brouwer, remarked: âGiven the massive volume of time sensitive and confidential information that needs to be distributed and exchanged, TIBCOâs low-latency messaging software was the optimal choice for meeting our demanding requirements for speed and efficiency. TIBCOâs leadership and depth of expertise in the financial services industry coupled with its proven software will provide participants with the best possible MiFID compliant delivery model.â
With more than a decade of production use, TIBCO Rendezvous has proven to be one of the most reliable software products for real-time, broad data distribution. It has been used in more than 2,000 customer implementations to maximise uptime and performance.
Murat Sonmez, TIBCO executive vice p resident of Global Field Operations, said: âEquiductâs decision to standardise on TIBCO reaffirms our continued ability to address higher transaction volumes created by increased fragmentation and overall growth in cross border trading. Moreover, TIBCO Rendezvousâ 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.â