Fiorano Software (www.fiorano.com), pioneer in peer-to-peer distributed dataflow, today announced that its lowest latency, highest throughput JMS Server, FioranoMQ, has been deployed by a leading US hedge fund.

The hedge fund had built an electronic trading platform around Microsoft MQ and another commercial JMS product about eight years ago. However, the system failed to scale with customer growth and increased competition. They needed a robust solution to support their highly available and fault-tolerant messaging requirements. They ran FioranoMQ through several stringent testing scenarios and finally decided to rebuild their entire electronic trading and real-time profit and loss systems on FioranoMQ.

"FioranoMQ not only had superior message throughput, but its multiple configuration capabilities and flexible architecture enabled us to extend the system ourselves in real time. Whenever we have questions or problems, Fiorano's customer support has always been very responsive and helpful," said VP of Software Development, Hedge Fund Company.

"In electronic trading, each message represents a financial transaction. Our success executing a trade is contingent on the speed at which we process transactions and deliver them to market. With multiple transactions processing at a time, message throughput was an important factor that we had to take into serious consideration," explains the VP; "Additional requirements included ease-of-management and ease-of-integration into the existing infrastructure, all with on-demand customizability. A final, critical requirement was speed under high stress, High-Availability conditions where redundant copies of the software execute in parallel, ensuring that a failure of any hardware or software module does not impact user response times."

Fiorano's JMS Server met all requirements with an added feature being its native .NET and Java API's that enabled seamless integration into the trading system, significantly increasing functionality and utility.

"For over ten years now, FioranoMQ has been rated as the best-performing JMS Server in the market, consistently outperforming competitive products, both commercial and open-source, on a variety of JMS performance benchmarks. Coupled with low-latency and a robust HA implementation, and support for multi-language APIs (Java, C, C++ and C#), FioranoMQ is the logical choice for Financial Services and Investment companies", said Atul Saini, CEO & CTO Fiorano Software, Inc.

About Hedge Fund
This leading hedge fund company is a US corporation. It is a privately owned hedge fund sponsor and manages money for institutional investors, offering diversified investing across multiple investment strategies. The holding company also owns retail brokerage that caters to registered investment advisors and other hedge funds. The firm invests in the public equity and hedging markets of the United States. The hedge fund functions using an electronic trading platform and a real-time profit and loss system.

About Fiorano (www.fiorano.com)
Founded in 1995, Silicon Valley based Fiorano is a California Corporation with proven leadership in enterprise middleware and peer-to-peer distributed systems. Fiorano's innovative event-driven, dataflow SOA platform integrates applications and complex technologies into an enterprise nervous system, increases business process performance, yields higher message throughput and enhances availability through agent-based visual composition that bridges the capability gap between business models and their implementation – the model is the application, ready to run.

Global leaders including ABN AMRO, Boeing, British Telecom, Capgemini Telecom, Chicago Mercantile Exchange Group, McKesson, NASA, POSCO Steel, Qwest Communications, Rabobank, Schlumberger, Lockheed Martin, United States Coast Guard and Vodafone have deployed Fiorano to drive innovation through open, standards-based, dataflow SOA applications built in just days, yielding unprecedented productivity.

Fiorano Enterprise Service Bus (ESB) and Fiorano Message Queue (MQ), together deliver the industry fastest, lowest latency, highest throughput real-time messaging (asynchronous and synchronous) to power high performance, highly available, and collaborative workflow applications whose application services are distributed throughout the IT landscape. Fiorano's distributed, peer-to-peer agents' abstract complexity of developing and deploying services to unlock value in a customer's enterprise architecture framework.

Media Contact:
Lavika Gupta
Media and Analyst Relations.
Fiorano Software, Inc.
Tel: 408 - 354 - 3210

The name of the Hedge Fund Customer is not disclosed due to confidentiality.