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Mercuria 'Takes Solace' as Messaging Vendor for Energy Trading Operations
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September 18, 2012

Mercuria 'Takes Solace' as Messaging Vendor for Energy Trading Operations

By Cheryl Kaften
TMCnet Contributor

The Geneva, Switzerland-based Mercuria Energy Group, one of the world’s largest energy trading firms, has selected a unified messaging platform from Ottawa, Canada-based Solace Systems (News - Alert), in order to accelerate information exchange within its data centers and over the wide area network (WAN) that connects them.

Privately-owned Mercuria comprises companies that are active in the global energy markets – with interests that include crude oil and refined petroleum products, natural gas, power, coal, biodiesel, vegetable oils and carbon emissions – as well as metals and agricultural trading.

Founded in 2004, Mercuria has 34 offices on five continents and is one of the world's five largest independent energy traders.

"We get an effective, scalable and [high-performance] messaging system in one offering from Solace's Unified Messaging Platform – one that meets a wide range of our messaging requirements and the leading-edge pricing execution technology we are building," said Kieron Drake, CTO at Mercuria. 

Image via Shutterstock

Traditionally, trading platforms have needed one reliable messaging platform for market data delivery; and another, separate guaranteed messaging platform for transactions, such as orders and trade confirmations.

Solace offers a turnkey appliance that offers:

  • Reliable and guaranteed messaging functionality for both market data delivery and transactions
  • WAN optimization
  • High availability
  • Business continuity
  • Advanced application monitoring

“Mercuria has quickly risen to be a leader in their field by focusing on where they can differentiate, and being the best in the world at what they do,” said Craig Betts, CEO at Solace Systems. “We are very happy to be working with Mercuria to further improve their energy trading infrastructure.”

In related news, on September 11, Solace Systems announced it had selected New York City-based Lab49, a well-known provider of advanced custom technology solutions for the capital markets, as a key strategic partner for the delivery of Solace’s technology in that market.

“Many capital markets firms need to streamline their technology infrastructure in terms of both cost and performance, and may need to rationalize or even rebuild their messaging middleware layer to meet current and future requirements,” said Shawn McAllister, CTO at Solace Systems. “Lab49 is involved in many of these initiatives, and we are committed to ensuring that Lab49 has the information and insight needed to fully leverage the Solace Systems product suite wherever relevant for their clients.”

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Edited by Braden Becker

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