Twenty Nine new customers from across the globe were added to Vhayu’s client roster during 2007, tripling the company’s revenue in the process.
The new customers have licensed Vhayu Velocity either directly from the company or as the Reuters Tick Capture Engine, powered by Vhayu Velocity which Reuters resells under a non-exclusive license.
New clients such as ABN Amro, Royal Bank of Scotland, TIAA-CREF and Investment Technology Group, join a list of Vhayu clients including HSBC, BNP Paribas, RBC Capital Markets, Nomura Securities, and Bank of America among others.
These customers have bought one or more of the following: Vhayu Velocity for Equities, Fixed Income, Options, or Order Book Analyzer.
The associated growth in revenue reflects the massive increase in market data volumes and customer requirements for systems capable of supporting this surge in data, which is expected to continue well into 2009 and beyond.
“Vhayu was founded specifically to meet the unique challenges of financial market data. Many of our competitors provide general purpose systems that they then try to adapt to the unique needs of financial market data. Additionally, they either deal with only real-time events or historical data,” says Jeff Hudson, CEO, Vhayu.
“The Vhayu architecture seamlessly integrates both real-time event processing with storage and analysis on a single complex event processing platform. We have customers that are processing over 200, 000 ticks per second, simultaneously serving thousands of queries on the incoming stream coupled with historical analysis,” adds Hudson.