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SevOne Announces Deployment by TORA for Monitoring Its Trading Applications and for Maintaining Its System Reliability

By Calvin Azuri
TMCnet Contributor

SevOne, a provider of comprehensive real-time network monitoring, troubleshooting, and performance reporting solutiona, announced that TORA, provider of advanced trading technology and financial services, has deployed the SevOne solution. TORA deployed the SevOne solution to help in the systematic monitoring of the TORA Compass (News - Alert), the company's multi-broker multi-market trading platform. TORA decided to deploy SevOne to drive its quality assurance program and to ensure its system reliability.

In a release, Nick Mussallem, Director at TORA, said, "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. 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."

Within the high volume trading environments, each second is precious for any financial services firm and TORA is no different. Financial services companies rely on real-time data access for maintaining adequate access to both network and system tools for key financial transactions. The high frequency polling functionality delivered by SevOne provides the necessary foundation for monitoring system quality while its deferred data feature is just as critical for importing of time stamped data from the trading applications of TORA which help in correlating the performance of infrastructure with the performance of the application.

Bill Conners, Senior Vice President of Worldwide Sales and Business Development for SevOne, said, "TORA wanted a best of breed technology provider to assist with monitoring its leading trading platform. 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."