Old Mission Selects Solace to Support Rapid Growth of Business through Event-Driven Architecture

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OTTAWA, ON, Sept. 27, 2022 /PRNewswire/ — Solace, the main enabler of event-driven structure for real-time enterprises, introduced at present that Old Mission, a worldwide, multi-asset market-making agency, has chosen Solace’s occasion streaming and administration platform to assist the expansion of their business.

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Old Mission’s capability to perceive and value threat has helped make it one of the main suppliers of trade traded funds (ETF) liquidity worldwide. Over the years, the corporate has constructed high-performance methods and complex algorithms that assist the world’s largest brokers, clearing companies and institutional buyers establish and act on buying and selling alternatives to allow them to obtain targets and make markets function as effectively as attainable.

“Old Mission’s success has largely depended on our ability to supply a global quantitative market-making platform with the real-time information it takes to help our clients transfer risk in a wide range of securities, often at prices that are much tighter than our competition,” stated Bryan Russina, CTO, Old Mission. “As we’ve grown rapidly to meet industry demand, we’ve been looking for a data distribution partner who could scale along with us, and Solace has proven they can meet our needs both in technical and market evaluations.”

Specifically, Old Mission wanted a platform that might effectively stream large quantities of data in an event-driven method, even through peak and risky situations; scale simply to accommodate rising volumes; and work alongside the corporate’s customized dealer and legacy methods throughout the system transition interval.

After exploring many occasion streaming brokers, Old Mission chosen Solace for its capability to increase and leverage these applied sciences, together with APIs like C, C#/NET, and Python, in such a approach that builders can give attention to offering worth to merchants as a substitute of constructing and sustaining bespoke software program.

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“Old Mission is among the most important sources of ETF liquidity in the world, and they serve many of the leading financial institutions we are proud to count among our customers. We are excited about the opportunity to help them maintain their competitive advantage and scale their business,” stated Bill Jackes, SVP Americas, Solace.

About Old Mission

Old Mission is a worldwide, multi-asset market maker specializing within the hardest-to-price and most illiquid ETFs. As a privately held firm, we have helped the world’s largest establishments effectively switch threat for over a decade by offering trillions of {dollars} in liquidity. With core values which can be aligned with our shoppers’ and workers’ long-term pursuits, we have constructed a crew of merchants, technologists and operational assist professionals that’s collaborative, humble and approachable. Our folks perceive the significance of the human factor of our business, which ends up in a degree of service and willingness to problem-solve that’s unmatched. To study extra about Old Mission, go to www.oldmissioncapital.com.

About Solace

Solace helps massive enterprises change into fashionable and real-time by giving them every thing they want to make their business operations and buyer interactions event-driven. With PubSub+, the market’s first and solely occasion administration platform, the corporate offers a complete approach to create, doc, uncover and stream occasions from the place they’re produced to the place they want to be consumed – securely, reliably, shortly, and assured. Behind Solace expertise is the world’s main group of knowledge motion consultants, with over 20 years of expertise serving to international enterprises resolve some of essentially the most demanding challenges in a spread of industries – from capital markets, retail, and gaming to house, aviation, and automotive. Established enterprises reminiscent of SAP, Barclays and NASA, multinational automobile producers reminiscent of Daimler, Groupe Renault and Groupe PSA, and trade disruptors such because the Singapore Land Transport Authority use Solace’s superior occasion dealer applied sciences to modernize legacy functions, deploy fashionable microservices, and construct an occasion mesh to assist their hybrid cloud, multi-cloud and IoT architectures. Learn extra at solace.com.

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Solace Press Contacts

Europe & Americas

IBA International

Jamie Kightley

Jkightley@iba-international.com

+44 (0) 1572 757932

UK

Positive

Inés Mitsou

imitsou@positivemarketing.com+44 (0)770 388 4664

APAC

Rice Communications

Neil Mirano

neil.mirano@ricecomms.com+65 3157 5685

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