June 13 - TIBCO Software Inc. announced today that GFI Group Inc., a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities, will implement its service-orientated architecture (SOA) and Ajax Rich Internet Applications (RIA) software, to establish a more agile and adaptable IT environment that can scale to support the company's rapid growth globally. The selection of TIBCO's software was the result of an exhaustive evaluation process spanning several months and top SOA technology vendors.
"At GFI Group we were looking for a software vendor that could complement and align its technology with our existing Operational Service-Oriented Architecture (OSOA) platform. Additionally, we needed a company that could really understand and visualize the impact of the implementation on all parts of our organization," said Brian Farrelly, European Strategic Projects Director at GFI Group. "TIBCO's open, collaborative approach and ability to address unique business challenges, leveraging its rich history in financial services, made it the clear choice to support our long-term business requirements."
Using TIBCO BusinessWorks(TM) as its enterprise service bus (ESB), GFI Group will initially deploy a standards-based communication layer that will work with its OSOA platform across its over the counter (OTC) derivatives business. With TIBCO's SOA software, GFI Group will be able to more quickly and cost-effectively deliver and modify a core set of loosely coupled services to support OTC business processes and end-user applications. The project will ultimately improve operational efficiency and ensure the delivery of a scalable, reliable platform that can support future technology enhancements.
The second phase of the implementation will include the integration of TIBCO's business activity monitoring (BAM) software for the aggregation and analysis of real-time information. Coupled with TIBCO General Interface(TM), an Ajax Rich Internet Application and the newly released TIBCO Ajax Message Service(TM), GFI Group will be able to stream live data and events from trade capture systems to an operational dashboard. GFI personnel will then be able to easily monitor transactions in real-time and help identify trade processing errors. This will enable GFI Group to adapt and adjust their business without interrupting operations.
Robin Gilthorpe, senior vice president, International Field Operations, TIBCO, said: "With revenues growing exponentially year-over-year, GFI Group needs a sophisticated and flexible technology foundation that can continually evolve over time, unconstrained by the constructs of existing applications, services and business processes. Today's announcement is another affirmation of how companies can unlock the full potential of their IT infrastructure with SOA."
About GFI Group Inc.
GFI Group Inc. (www.GFIgroup.com) is a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI Group Inc. provides brokerage services, market data and analytics software products to institutional clients in markets for a range of credit, financial, equity and commodity instruments. Headquartered in New York, GFI was founded in 1987 and employs more than 1,500 people with additional offices in London, Paris, Hong Kong, Tokyo, Singapore, Seoul, Cape Town, Sydney, Englewood (NJ), and Sugar Land (TX). GFI provides services and products to over 1,700 institutional clients, including leading investment and commercial banks, corporations, insurance companies and hedge funds. Its brands include GFI(TM), GFInet®, CreditMatch®, Starsupply®, Amerex® and FENICS®.
TIBCO Software Inc. 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®. To learn more, contact TIBCO at +1 650-846-1000 or on the Web at www.tibco.com.
Source: TIBCO Software Inc.
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