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TORA Deploys SevOne for Network Performance Management of Its Trading Applications(December 14, 2011)
WILMINGTON, DE -- (Marketwire) -- 12/14/11 -- SevOne, the new leader in network performance management, today announced that its solution has been successfully deployed by TORA, a leading provider of advanced trading technology and financial services. TORA implemented SevOne to systematically monitor TORA Compass, a multi-broker multi-market trading platform, as part of the company's quality assurance program and to maintain the highest level of system reliability.
"System availability and stability are an absolute must in our business as traders rely on TORA Compass to execute high volume trading strategies in a low-latency environment," stated Nick Mussallem, Director at TORA. "SevOne's network performance management solution gives us the ability to proactively monitor and adjust our trading system and assist us in ensuring our SLAs are met. We expect that SevOne will be extended to other areas of our business where visibility to system performance is key to delivering the highest quality electronic trading technology tools."
Every second counts for TORA much like many financial services firms, especially in high volume trading environments. Firms need real-time data access to help ensure that key financial transactions always have ample access to network and system resources. SevOne's high frequency polling capabilities form a critical component of monitoring system quality as does its deferred data capability which imports time stamped data from TORA's trading applications to correlate infrastructure performance with application performance.
"TORA wanted a best of breed technology provider to assist with monitoring its leading trading platform," stated Bill Conners, Senior Vice President of Worldwide Sales and Business Development for SevOne. "We believe that the SevOne solution is well suited to meet the demands of the financial services industry due to our ability to provide data down to the second, a mandatory requirement for financial services firms. We look forward to helping TORA achieve success as it continues its network monitoring efforts."
TORA is Asia's leading provider of advanced trading technology and financial services. TORA's unrivalled solutions span the entire trading process, offering a full suite of trade execution capabilities in markets across Asia, North America and Europe. TORA's high-performance EMS/OMS has been designed from the ground up by traders, and is currently used by traders at hedge funds, long-only funds and sell-side proprietary trading desks. TORA also provides clients with access to its unique liquidity pools including Asia's leading non-displayed matching engine. TORA's dedicated Asia trading desk delivers to buy-side clients unmatched Asia expertise and extensive analytics focused on best execution. TORA's extensive suite of proprietary algorithms (trading and strategy-focused) is fully customizable and broker neutral. TORA has over 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, Sydney, New York, Los Angeles and San Francisco. www.tora.com.
About SevOne, Inc.
SevOne, Inc. delivers the industry's fastest, most scalable, and comprehensive real-time network monitoring, troubleshooting and performance reporting solution. The SevOne network performance management solution provides complete and immediate visibility that enables enterprises, cloud and communications service providers, and government organizations to keep increasingly complex networks, servers and applications functioning at peak performance levels. Hundreds of customers, including the top cable companies in North America, wireless network and managed service providers, and top financial services institutions rely on SevOne. Industry recognition includes: Inc. 500 fastest growing private companies, 2011 CRN Emerging Technology Vendor, and numerous product awards. Visit www.sevone.com.
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