Chi-Tech to adopt IBM's high speed messaging technology

IBM has signed an agreement with Chi-X Global Technology, the technology services unit of Chi-X Global, whereby Chi-Tech will adopt IBM's high speed messaging technology in its exchange and market center trading technology platform.

The agreement is expected to enable Chi-Tech to integrate IBM WebSphere MQ Low Latency Messaging as part of the matching platform it provides to clients around the world. It also allows the company to include the IBM messaging technology in platforms deployed for the regional Chi-X market centers.

IBM claims that its WebSphere MQ Low Latency Messaging is a high speed messaging transport optimized for high volume, low-latency requirements of financial marketplaces and participant firms.

The technology was developed in IBM's labs in Haifa, Israel as part of the company's R&D program. Version 2.2 offers messaging performance of up to 90 million messages per second.

Richard Leung, chief technology officer at Chi-Tech, said: "Chi-Tech selected WebSphere MQ Low Latency Messaging as a messaging backbone for our high performance, low latency matching technology, assuring that our platform continues to meet the speed and mission-critical reliability requirements of today's algorithmic and high frequency trading communities."

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