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SOURCE: Hunter & Co. Communications
Increased demand for outsourced solutions fuels 81% growth in revenues over 2011
Woburn, MA (PRWEB) December 31, 2012
Redline Trading Solutions, a leader in ultra low latency market data and order execution software, today announced its 2012 revenues grew by 81% over 2011. Factors fueling this growth include the growing demand for commercially available low latency trading application modules and services.
“We are at the favorable intersection of two trends in low latency trading,” said Mark Skalabrin, CEO of Redline Trading Solutions. “Our customers – both buy side and sell side firms – are under relentless pressure to reduce their costs while at the same time bring ultra low latency performance to their trading applications. Our software enables their trading systems to meet these demands with reliability, determinism and scalability.”
The end of 2012 caps a year during which Redline rolled out its third-generation ticker plant, InRush? 3, and Execution Gateway optimized for Intel’s new multicore architecture. Customers can save costs with reduced server footprint, as well as outsource exchange connectivity and infrastructure monitoring to Redline, while achieving the ultra low latency “tick-to-trade” performance Redline is known for.
As revenue has grown, Redline has increased headcount in 2012 by 40%, with the majority of the gains occurring in engineering and customer support functions.
To complement strong engineering, sales and support leadership already in place, two senior executives were recently hired. Larry Griffin, Redline’s new CFO, brings 30 years of experience managing the financial growth of privately owned technology companies primarily in the software and software-as-a-service industries. Lee Fisher joins as Redline’s VP of Marketing. Lee has 25 years of experience in marketing high performance computing solutions, including the last 5 years as Hewlett-Packard's business and alliances lead for high-frequency trading infrastructure.
Redline Trading Solutions
Redline Trading Solutions (redlinetrading.com) provides leading-edge trading solutions that solve the toughest latency and throughput challenges for the world’s most successful investment banks, hedge funds, and proprietary trading firms.
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InRush and Redline are trademarks of Redline Trading Solutions, Inc. Other product or company names may be trademarks or registered trademarks of their respective holders.
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