CommerceQuest Inc. has announced that the Securities Industry Automation Corporation (SIAC) has installed CommerceQuest`s industry-leading enableNet Data Integrator in its Shared Data Center to facilitate data and message transfer and integration.
The Shared Data Center, which has network connections to the entire U.S. securities industry, serves as the industrys central processing center and is used by Sector Inc., a SIAC company, to provide outsourcing services to its clients in the financial services industry.
SIACs selection of the enableNet Data Integrator puts CommerceQuests premier enterprise application integration (EAI) software to work handling the high-volume bulk data movement within the countrys foremost financial trading communities, said Colin Osborne, chairman, CommerceQuest. Steve Romano, vice president of Shared Data Center services for SIAC and Sector Inc., said that CommerceQuest was chosen because of the power and flexibility its integration solutions offer.
According to Romano, To meet the demands of extended trading hours and other industry initiatives, we needed a tool that allows our customers to send their data at any time, and in various formats, without immediate revision of their existing applications. The enableNet Data Integrator stood out as a front runner because of its extensive data transfer and translation capabilities, Romano added. This allows SIAC and Sector to be compatible with customers regardless of their application, hardware or network operating environment, while adding value to the transition process by reducing the batch cycle time.
CommerceQuests solutions are designed to address and overcome the complexities of information exchange, and enable our business partners to maximize performance within their operation, said CommerceQuest Chairman Colin Osborne. Were very pleased to be able to showcase the enableNet Data Integrator and its capabilities among the financial community. This deal launches CommerceQuest, in alignment with our corporate mission, into previously untapped markets and exposes us to new audiences.
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SIAC and Sector, Inc.
Founded in 1972 as a joint subsidiary of the New York Stock Exchange and American Stock Exchange, SIAC provides key systems support to the two exchanges, the National Securities Clearing Corporation (NSCC) and its affiliates, and the National Market Systems. Sector Inc., a SIAC subsidiary, is a leading provider of telecommunications and enterprise services to brokerage firms, banks, mutual funds, insurance companies and accounting firms. The Shared Data Center, which serves both SIAC and Sector customers, is linked to the securities industry and other customers by more than 1,000 communications lines over which an average of 70 billion bytes of data are transmitted daily.
CommerceQuest
CommerceQuest Inc. is the pioneering outsourced end-to-end e-business facilitator for Global 2000 enterprises and Net Market Makers. The company is a leading provider of integration solutions that seamlessly, rapidly and reliably integrate business processes and applications across geographically and technologically diverse boundaries. CommerceQuests B2B solutions harness the power of the Internet, or any other network, to meet the disparate integration needs of each entity in a given business exchange, providing customers significantly reduced costs, increased productivity and efficiency, and a dramatically reduced time-to-market. The company centralizes e-business functionality through one solution and one vendor relationship to take responsibility and control in the operation of e-Marketplaces. CommerceQuest is a privately held company headquartered in Tampa, Fla., with branch offices across the United States, and additional operations in Australia, Europe, and South Africa. Founded in 1992, the company is an infrastructure services provider within Internet Capital Group`s (Nasdaq: ICGE) collaborative network of Partner Companies.