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CLSA Selects TIBCO Enterprise Message Service to Streamline Back-Office Operations

2007-10-27 02:49 3648

HONG KONG, Nov. 2 /Xinhua-PRNewswire/ --

TIBCO Software Inc. (Nasdaq: TIBX), today announced that CLSA has selected TIBCO Enterprise Message Service(TM) as the platform on which it will build its next-generation global trading system.

CLSA, Asia's leading independent investment banking and brokerage services provider, is revamping its global trading platform to support new automated trading methods and pave the way for future business growth.

According to T. Rajah, chief information officer of CLSA, global trading volumes have increased by 30-40% in recent years, resulting in a five-fold increase in the amount of messages handled driven primarily by the proliferation of algorithmic or "black box" trading systems being used by its traders.

"The way we trade is changing and this is placing new technical demands on the trading platform. To meet these challenges and to prepare our business for expansion, we wanted to identify an enterprise messaging platform with the scalability, performance, low latency and high connectivity to handle both current and future trading systems," Mr. Rajah said.

Another important consideration for CLSA in choosing a messaging solution was interoperability. Working within a multi-vendor environment, the bank needed a platform based on open standards, which could be integrated easily with existing assets.

"In our evaluation of the available messaging solution, TIBCO's standards-based platform proved the fastest and most reliable, and importantly offered class-leading real-time monitoring capabilities, which will enable us to identify and address problems faster. We were also impressed with their unparalleled experience working with investment banks to develop trading systems," Mr. Rajah said.

Mr. Rajah said CLSA is currently also working with TIBCO to build a business activity monitoring system, which will support the bank's entire operation from front to back office.

"Nowhere is it more important to have a fast, flexible and reliable platform to support the real-time flow of information than in the cut and thrust of financial services," said Murat Sonmez, executive vice president, global field operations, TIBCO Software. "With TIBCO EMS, financial services providers can build a trading platform with the performance, mission critical reliability and scalability to generate and sustain business growth."

About CLSA Asia-Pacific Markets

CLSA Asia-Pacific Markets is a leading, independent investment group in Asia focused on delivering investment banking, capital markets, equity broking and alternative investment services to global corporate and institutional clients.

Renowned for its product innovation and award-winning market intelligence, CLSA has built its reputation on unrivalled equity research and economic analysis which is consistently voted as the best in Asia. CLSA ranked No.1 for Most Accurate Research in Asia in Bloomberg's poll 2006; No.3 overall in Institutional Investor's All-Asia Research Poll 2006; and No.2 in The Asset's Asian Equities Benchmark Survey 2005.

CLSA is one of Asia's largest independent equity brokerages and one of the world's largest agency brokers. The group's investment banking and equity capital markets services include M&A advisory, equity transactions and public offerings. Alternative asset management is offered through eight Asia-based funds under CLSA Capital Partners.

Founded in 1986 and is headquartered in Hong Kong, CLSA has more than 1,000 dedicated professionals located in 13 Asian cities, plus Dubai, London and New York. CLSA's major shareholder is France's Credit Agricole, which merged in 2003 with Credit Lyonnais, to form the 4th largest bank in the world by Tier One capital and the 6th largest bank in the world by assets. CLSA enjoys substantial staff ownership which contributes to its independent stance and operations.

Additional information is available at http://www.clsa.com

About TIBCO

TIBCO Software Inc. (Nasdaq: TIBX) provides enterprise software that helps companies achieve service-oriented architecture (SOA) and business process management (BPM) success. With over 3,000 customers, TIBCO has given leading organizations around the world better awareness and agility-what TIBCO calls The Power of Now(R). To learn more, contact TIBCO at +1 650-846-1000 or on the Web at http://www.tibco.com.

TIBCO, the TIBCO logo, The Power of Now, TIBCO Enterprise Message Service, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

Source: TIBCO Software Inc.
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