About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Tibco Taps Pluribus for FTL Message Switch; Adds Appliance for Enterprise Messaging

Subscribe to our newsletter

Tibco Software has added to its messaging arsenal with the introduction of the Tibco FTL Message Switch and the Tibco Enterprise Message Service Appliance. Both new products were announced at the company’s annual Tucon user conference, held this week in Las Vegas.

For the FTL Message Switch, Tibco is partnering with Pluribus Networks, a startup focused on low-latency virtualised networks.  Founded in 2010 in part by former Sun Microsystems executives, Pluribus is located close to Tibco’s headquarters in Palo Alto, Ca. Its funding to date has come from Mohr Davidow Ventures and from NEA.

FTL is Tibco’s latest messaging middleware product, pitched at low-latency applications. Featuring content-based addressing, it was introduced at Tucon in 2010, and has since been upgraded to take advantage of the latest Intel processors and PCIe networking.

According to Tibco chief engineer Denny Page, the partnership will see Tibco “offering messaging that is truly a part of the networking infrastructure.” Meanwhile, Pluribus product literature says its “F64 Server-Switch” provides “Customer ability to deploy application logic directly onto the switch, improving performance and reducing network latency.”

The F64 features 48 ports for 10gE connectivity and four ports for 40gE, providing Layer 2 and 3 switching functionality with latency of less than 400 nanoseconds.

More importantly, the switch is designed to run Pluribus’ Netvisor networking hypervisor, which provides virtualisation – essentially de-coupling the network requirements of applications from the physical infrastructure. This allows better utilisation of networks where multiple applications (perhaps running on virtualised servers) are communicating via them, and better service to applications requiring specific service levels.

Pluribus is part of a networking space known as Software Defined Networking, which is receiving increasing attention. Arista Networks’ new 7150 switch was designed with SDN in mind. Also, SDN startup Nicira was recently acquired by VMware for a notable $1.26 billion.

Meanwhile, for enterprise messaging that’s not so latency sensitive, but requires store-and-forward functionality and guaranteed messaging, Tibco has released an appliance version of its Enterprise Message Service. The appliance is meant to reduce administrative and infrastructure costs by simplifying the management of large implementations and globally distributed systems. For financial markets firms, post-trade messaging, risk data aggregation and big data analytics could be applications.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to trade surveillance for market abuse

Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and cause financial instability. This webinar will discuss market abuse of different types, such as insider trading...

BLOG

SIX Invests in BITA to Enhance Global Benchmark Platform and Expand Indexing Technology Services

SIX, the Swiss financial data and market infrastructure provider, has made a strategic investment in BITA, the indexing technology and services company. The move aims to bolster a range of ongoing joint projects and fast-track the global expansion of SIX’s benchmark platform. Existing BITA shareholders, including ETFS Capital, Volta Ventures, and Pamica NV, have also...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Practicalities of Working with the Global LEI

This special report accompanies a webinar we held on the popular topic of The Practicalities of Working with the Global LEI, discussing the current thinking around best practices for entity identification and data management. You can register here to get immediate access to the Special Report.