OTTAWA, ON, September 27, 2022 /PRNewswire/ — Solace, the leading provider of event-driven architecture for real-time enterprises, today announced that Old Mission, a global multi-asset market making company, has selected Solace’s event streaming and management platform to power the to support growth of their business.
Old Mission’s ability to understand and price risk has helped position the company as one of the leading providers of exchange-traded fund (ETF) liquidity globally. Over the years, the firm has developed high-performance systems and sophisticated algorithms that help the world’s largest brokers, clearing houses and institutional investors identify and seize trading opportunities so they can achieve their goals and operate the markets as efficiently as possible.
“Old Mission’s success depended largely on our ability to provide a global quantitative market-making platform with the real-time information needed to help our clients transfer risk across a broad range of securities, often at prices that are much tighter than our competition,” said Bryan Russina, CTO, Old Mission. “As we have grown rapidly to meet industry demand, we have been looking for a data distribution partner that could scale with us, and Solace has proven that it can meet our needs in both technical and market assessments.”
In particular, Old Mission required a platform that could stream massive amounts of information efficiently and event-driven, even under spike and volatility conditions; easily scale to accommodate growing volumes; and work with the company’s custom brokerage and legacy systems during the system transition phase.
After researching many event streaming brokers, Old Mission chose Solace for its ability to extend and leverage these technologies along with APIs like C, C#/NET, and Python in a way that developers can focus on delivering value to traders provide rather than build and maintain custom software.
“Old Mission is a premier source of ETF liquidity globally, serving many of the leading financial institutions whose clients we are proud to serve. We appreciate the opportunity to help them maintain their competitive advantage and grow their business,” said Bill jacketsSVP Americas, consolation.
About the old mission
Old Mission is a global multi-asset market maker specializing in the most difficult to price and most illiquid ETFs. As a privately held company, we have been helping the world’s largest institutions efficiently transfer risk by providing trillions of dollars in liquidity for over a decade. With core values aligned with the long-term interests of our customers and employees, we have built a team of traders, technologists and operational support experts that is collaborative, humble and approachable. Our people understand the importance of the human component of our business, resulting in an unmatched level of service and an unmatched willingness to solve problems. To learn more about Old Mission, visit www.oldmissioncapital.com.
Solace helps large enterprises become modern and real-time by giving them everything they need to make their business processes and customer interactions event-driven. With PubSub+, the first and only event management platform on the market, the company offers a comprehensive way to create, document, discover and stream events, from where they are produced, where they need to be consumed – sure, reliable, fast and guaranteed. Behind Solace technology is the world’s leading group of data movement experts with over 20 years of experience helping global companies solve some of the most demanding challenges across a wide range of industries – from capital markets, retail and gaming to aerospace, aerospace and automotive. Established companies like SAP, Barclays and NASA, multinational automakers like Daimler, Groupe Renault and Groupe PSA, and industry disruptors like the Singapore Land Transport Authority use Solace’s advanced event broker technologies to modernize legacy applications, deliver modern microservices and grow are building an event mesh to support their hybrid cloud, multi-cloud, and IoT architectures. Learn more at trost.com.
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SOURCE Solace Corporation