Finalto taps Solace to enhance performance and reliability of data distribution backbone

Rick Steves

To facilitate this technological shift, Finalto is deploying a combination of Solace PubSub+ Event Broker appliances and software across key financial centers worldwide, including London, Copenhagen, New York, and Singapore.

Finalto is transitioning from its traditional messaging infrastructure to the advanced Solace PubSub+ Platform in a strategic upgrade that is set to redefine Finalto’s operational efficiency, particularly in handling the escalating volumes of market data and ensuring low latency in pricing and trading for its clients.

Finalto’s decision to partner with Solace, a leader in event-driven architecture for real-time enterprises, marks a critical step in its pursuit of maintaining a competitive edge in the fast-paced financial market.

Finalto ensures low latency in pricing and trading across the globe

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

Paul Groves, CEO of Finalto Financial Services Ltd and Finalto Trading Ltd, said: “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. 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 facilitate this technological shift, Finalto is deploying a combination of Solace PubSub+ Event Broker appliances and software across key financial centers worldwide, including London, Copenhagen, New York, and Singapore.

This global network will form an event mesh, enabling real-time, efficient streaming of information throughout Finalto’s enterprise—from distributing market data that informs trades to ensuring the reliable transfer of critical pre- and post-trade data across various business units and geographies.

David Mitchell, Regional VP, United Kingdom and Ireland at Solace, expressed pride in aiding Finalto’s growth: “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.”

Finalto installed Gold-i’s MatrixNET on its own servers

Finalto, formerly known as the Tradetech group, has been a trailblazer in global financial services, offering cutting-edge trading software, systems, and liquidity services.

The FCA-regulated Prime of Prime has recently installed Gold-i’s MatrixNET on its own servers and is operating MatrixNET within its own technology stack. This means that brokers can now connect via an API to MatrixNET as the gateway to Finalto’s infrastructure.

Gold-i launched MatrixNET in September 2023, combining its Matrix2 liquidity management platform, Crypto Switch institutional digital asset solution, and MatrixNET liquidity distribution platform into a single, enhanced multi-asset liquidity management and distribution platform.

MatrixNET’s multiple routing and aggregation methods allow brokers and funds to offer the most effective execution model to different client types and gain access to deep FX and crypto liquidity feeds.

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