SOURCE: Fiorano Software, Inc.

May 17, 2005 09:34 ET

Scottrade® Chooses Fiorano® as Enterprise Backbone for Real-Time Trade Processing of Millions of Transactions

Scottrade, Named Highest in Investor Satisfaction by J.D. Power and Associates Five Consecutive Times, Keeps Competitive Edge With Fiorano Solutions

LOS GATOS, CA -- (MARKET WIRE) -- May 17, 2005 -- Fiorano Software, Silicon Valley, CA, today announced that Scottrade Inc., a leading online brokerage firm with more than one million active accounts, has standardized on the Fiorano Enterprise Messaging Server to provide the backbone for its real-time trade processing system.

Scottrade operates 228 offices nationwide. Customers place trades online through its Website and through ScottradeELITE™ for active investors. Orders are filled within seconds, customer service is swift, and costs are low. The company offers equities, fixed income, options and more than 9,000 mutual funds. Every real-time transaction travels through the company's systems. A key component of this system is an enterprise messaging product -- FioranoMQ™.

Scottrade's real-time trade processing system runs on an IBM iSeries mainframe coupled with Dell PowerEdge servers. Applications are written in Linux, Unix, Java, and C++. Initially, Scottrade looked at a Java multicast strategy to connect these elements, but it soon became clear that to achieve its demanding throughput and availability objectives, Scottrade needed something more sophisticated with massive scalability.

"Customers are committing money in real-time, so we needed high levels of reliability. Rapid movement in stock prices means that even miniscule delays are significant," said Jeff Polsgrove, Chief Information Officer at Scottrade. "We did not want to compromise on speed and scalability."

FioranoMQ's High Availability (HA) feature was a major factor. It gave Scottrade's infrastructure the highest fault tolerance capability, ensuring that servers continue to operate during intermittent network or machine failures. Unlike other solutions, Fiorano offers a software-only state replication technique that enables enterprises to enjoy HA without requiring additional investments in hardware. The cost of implementation is substantially lower than competing solutions.

"Using the product's Web interface, we were able to make a new screen for our programming staff that offered a select feature set," Polsgrove said. "That simplified the alternatives for developers and reduced the chance of errors. In addition, Fiorano technical support has also been exceptional. Fiorano provides us with premium 24x7 support and their team is always available when we need them."

"The selection of Fiorano as an enterprise backbone for Scottrade's trade processing system is another example of how Fiorano continues to enable standards-based, real-time communications infrastructure for financial services firms," said Atul Saini, CEO of Fiorano.

About Fiorano Software, Inc.

Fiorano Software (www.fiorano.com) is a leading provider of Enterprise class Integration Middleware. Global leaders such as American Express, AT&T Wireless, Boeing, BTI Canada, FedEx, General American Corporation, Motorola, Morgan Stanley, Quicken Loans and Schlumberger among others use Fiorano solutions to deploy their Enterprise Nervous Systems.

About Scottrade

Founded in 1980,Scottrade (www.scottrade.com) is a leader in online investing, serving more than one million individual investors from 228 offices nationwide.

Contact Information