Finalto deploys Solace PubSub+ to upgrade trading platform

By Gloria Methri

London-based financial services firm Finalto is replacing its traditional messaging infrastructure with the advanced Solace PubSub+ Platform in a bid to redefine its operational efficiency, particularly in handling the escalating volumes of market data and ensuring low latency in pricing and trading for its clients.

The partnership with Solace, a specialist in event-driven architecture for real-time enterprises, marks a critical step in Finalto’s pursuit of maintaining a competitive edge in the fast-paced financial market.

The collaboration primarily focuses on enhancing the performance and reliability of Finalto’s data distribution backbone, essential for delivering efficient and competitive trading solutions.

“We knew our desire to continually improve our offering demanded that we upgrade our trading platform’s data distribution infrastructure, and quickly realized Solace was the answer,” said Paul Groves, CEO, Finalto Financial Services Ltd and Finalto Trading Ltd. “The Solace team’s deep experience in building high-performance trading systems was as impressive as it was unsurprising, given their stable of blue-chip customers in the Capital Markets space.”

To support this shift, Finalto is deploying a combination of Solace PubSub+ Event Broker appliances and software in financial centers around the world, including London, Copenhagen, New York, and Singapore.

The company is linking these event brokers to build an event mesh that will efficiently stream information across their enterprise in real-time – from the low latency distribution of market data that informs trades to the guaranteed delivery of pre-and post-trade data between front-, middle- and back-office systems across lines of business and geographies.

“We are proud to be helping Finalto expand their business by upgrading their trading platform,” said David Mitchell, Regional VP, United Kingdom and Ireland, Solace. “By giving Finalto the power to route tens of millions of messages a second with mere microseconds of latency, our proven technology will be a key part of their ongoing success.”