GigaSpaces Technologies and TraderTools LLC have signed an OEM agreement for the integration of GigaSpaces’ infrastructure software into TraderTools’ STPlatform order management and data distribution offering for the electronic foreign exchange financial services market.
Under the terms of the agreement, GigaSpaces’ platform for the development of high-performance, low-latency, distributed enterprise applications is to be embedded in TraderTools’.NET-based STPlatform.
STPlatform is a comprehensive straight-through processing platform designed to facilitate more profitable trading in a variety of foreign exchange (FX) and money market (MM) instruments. It includes components for streaming executable rates, managing a global order book, executing FX and MM deals online and providing a real-time messaging architecture and an in-memory data grid.
By integrating the GigaSpaces infrastructure software, TraderTools expects to shorten development time while providing differentiating capabilities to STPlatform, such as enhanced scalability and performance.