Santa Clara, CA, September 18, 2007 --(PR.com
)-- Real-Time Innovations (RTI), The Real-Time Middleware Experts, announced today that PIMCO, one of the world’s leading fixed-income managers, has selected RTI’s high-performance messaging middleware to expand the functionality and enhance the scalability of PIMCO’s compliance-checking software.
RTI middleware supports many mission-critical applications with real-time data-distribution requirements. Choosing RTI gives PIMCO access to leading-edge, standards-based middleware technology and allows PIMCO to rapidly integrate and deploy solutions at a fraction of the cost of internally developed code.
"PIMCO will deploy the RTI technology in its proprietary Pre-Trade Compliance System used to enforce and monitor regulatory and client-imposed investment restrictions," said Yanay Lehavi, senior vice president of Technology at PIMCO. "The RTI middleware will route messages among components of this distributed, parallel system, where thousands of calculations and data points are combined to produce answers for traders.”
“In today's fast and complex financial markets, we seek the fastest and most reliable software components for our Front Office technology, and we like RTI’s efficient and reliable—yet minimalist—architecture,” Lehavi concluded.
“PIMCO is a key player in fixed-income management,” said Stan Schneider, chief executive officer at RTI. “We are proud that PIMCO selected our technology. RTI will provide PIMCO with both an immediate competitive edge in speed and a long-term ability to expand volume.”
PIMCO is planning to deploy servers running RTI middleware in production later this year.
With more than $693 billion in fixed-income assets under management in the U.S., PIMCO is one of the world’s leading fixed-income fund-management companies. Founded in 1971 and based in Newport Beach, California, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.
Real-Time Innovations (RTI) works in partnership with its customers to develop and integrate the world's most demanding real-time applications. RTI takes the risk out of distributed application development and system integration by providing deep expertise in real-time communications coupled with the highest performance messaging middleware. The company's software and services have been leveraged in a broad range of industries including defense, intelligence, simulation, industrial control, transportation, finance, medical and communications. Founded in 1991, RTI is privately held and headquartered in Santa Clara, CA. For more information, please visit www.rti.com.
RTI, Real-Time Innovations and The Real-Time Middleware Company are registered trademarks or trademarks of Real-Time Innovations, Inc. All other trademarks used in this document are the property of their respective owners.
RTI North American Sales Contact: Real-Time Innovations, 3975 Freedom Circle, Santa Clara, CA 95054 Tel: 408-200-4700, Website: www.rti.com.
RTI European Office: Real-Time Innovations, P.O. Box 7302, Milton Keynes, MK13 0XL,Tel: +44 (0) 20 8133 9240
Melanie Gill Barbara Stewart
RTI Patterson & Associates