Vhayu Technologies is the company behind Velocity, the high-speed data storage product that is used for high-volume financial tick data capture, storage, and analysis. Mr. John Coulter, Vice President Corporate Strategy at Vhayu, comments: “You really need a technology like Vhayu Velocity to be able to handle high volumes of data.” Mr. Coulter joined Vhayu in 2004. The company was established in 1999 by two ex-Intel engineers. “We’ve really accelerated our business since 2004,” says Mr. Coulter. “We have gone from 6 customers in 2004 to around 80 customers today.” Vhayu’s client base encompasses a number of the world’s largest investment banks and brokerage firms. “The real dilemma these firms are facing is that the volume of data they handle continues to double year over year. In order to be able to efficiently analyse these, they need better applications, as conventional technology such as SQL databases have become too slow for the task. This is where we can help.” Vhayu has a channel distribution relationship with Reuters, the world’s leading provider of financial news and market data. The Vhayu Velocity product is redistributed under the name of Reuters Tick Capture Engine (RTCE). This has allowed Vhayu to capture considerable market share in Europe, which indeed is its main market today. Mr. Coulter adds that Velocity is available in different versions, including Velocity for Equities, and Velocity for Fixed Income. In 2008, Vhayu additionally launched Squeezer, a patent-pending hybrid solution, integrating FPGA hardware and Vhayu Velocity to deliver at least four times compression of all Velocity data. “The Squeezer is a card that resides in the customer’s server. It can take the information of a real-stream of data on the fly and compress it by a factor of seven,” explains Mr. Coulter. Vhayu has also recently launched the Velocity TCA, which provides multiple out-of-thebox benchmarks to successfully measure and analyse trading performance with direct feedback on trades sent from any FIX-compliant EMS or OMS. In other recent news, Vhayu has announced membership in the NetApp Partner Program. “We are collaborating with NetApp to integrate their storage solutions into a Vhayu Velocity environment in an affordable manner,” explains Mr. Coulter. The three month project has resulted in a very tight integration between the systems. Meanwhile Mr. Coulter expects that the recent downturn in the economy will not be a problem for Vhayu. “We help customers save money. The financial market still generates and processes a lot of data. Especially in Europe, where companies and organisations are required by law to comply with strict data storage regulations, they will always need our technology. There are no signs that data volumes will decrease any time soon. Partnering with Reuters should additionally allow us to expand our international reach.” top - home