Leading Bond Trading Firm BondDesk Group Taps MoreVRP to Accelerate Processing of Over 20,000 Financial Transactions per Day

MoreVRP application performance management (APM) solution ensures consistent service availability through peak usage periods, and enables ultra granular system performance monitoring and analysis

New York, NY, February 14, 2012 – More IT Resources Ltd. (MORE) today announced that BondDesk Group, the largest retail fixed-income trading platform provider in the United States, has selected MORE’s flagship MoreVRP application performance management solution to ensure the high-speed and efficient processing of over 20,000 time-sensitive financial transactions executed online daily via the company’s Alternative Trading System (ATS).  With MoreVRP, BondDesk can provide high-level service availability and performance for its clients throughout peak demand usage periods, while gaining deep visibility into real-time and historical system performance data.

“In an industry like bond trading where vast amounts of capital are in play, the success of our business is inexorably tied to transaction execution efficiency and platform scalability,” said Gary M. Hall, Head of Technology Infrastructure and Operations, BondDesk Group.  “MoreVRP has equipped BondDesk to keep pace with the surging popularity of our ATS service, enabling us to process tens of thousands of daily transactions at high speed and maintain seamless service availability during peak trading activity.”

MoreVRP provides the industry-unique ability to proactively and instantaneously accelerate application performance down to the database transaction level, enabling BondDesk to control application performance in real-time with unprecedented ease. As a result, BondDesk can ensure consistent quality of service (QoS) for its clients and further differentiate its services on the strength of its trading and transaction processing efficiency.

MoreVRP enables real-time and historical performance monitoring and analysis with a level of granularity that is unmatched by competing APM solutions. Where traditional APM solutions only offer the ability to monitor and aggregate historical performance data, MoreVRP allows comparative analysis of the raw data stored within its rich yet light-footprint data repository. This capability equips BondDesk with a much deeper view into performance data and system parameters, ultimately allowing BondDesk to identify performance and usage trends and act quickly to prevent performance issues from developing.

After testing MoreVRP in multiple environments, BondDesk put the solution into full production in just one day with zero downtime and no changes required to the underlying database code or operating system code.

As BondDesk moved forward with a planned migration to a highly available clustered architecture last November, it has been using MoreVRP’s Variance module to monitor and compare performance data between the previous production environment and the new environment. Incorporating a variety of analytical tools to pinpoint the similarities and differences between the two environments, MoreVRP’s Variance module allows BondDesk to detect discrepancies and eliminate the associated performance issues.

“BondDesk’s MoreVRP implementation exemplifies the clear benefits and value that MoreVRP is delivering today for our worldwide network of customers in the financial services market,” said Irad Deutsch, CTO, MORE. “Now more than ever, these companies seek advanced technical capabilities that will help differentiate their services and sharpen their competitive edge. Using MoreVRP, BondDesk has enhanced the quality, performance and resilience of its online bond trading platform.”

About BondDesk Group

BondDesk Group LLC is the nation's largest retail bond trading venue, providing enterprise-wide fixed income solutions to many of the top broker-dealers in North America. The BondDesk Alternative Trading System (ATS), run by BondDesk Trading LLC, connects broker-dealers through a centralized marketplace by offering a diverse pool of liquidity for odd-lot fixed income securities in multiple asset classes. The BondDesk ATS executes over 20,000 transactions per day by providing 2,000 broker-dealers access to 100,000 live and executable offerings from over 200 premier fixed income dealers. In addition, BondDesk Group is a leading provider of innovative fixed income wealth management solutions, advisor workstations, and fixed income analytical tools and applications.

BondDesk Trading LLC, member FINRA and SIPC, is a wholly-owned subsidiary of BondDesk Group LLC. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.  To learn more about BondDesk, visit www.bonddeskgroup.com.

About More IT Resources Ltd. (MORE) 

MORE’s flagship MoreVRP software solution empowers users with advanced capabilities for database performance monitoring, analysis and acceleration. For physical, virtual and cloud-based IT environments, MoreVRP delivers unprecedented database visibility and real-time performance control to ensure optimal Quality of Service for critical enterprise applications. MORE is headquartered in New York, NY, and maintains a network of partners and resellers across North America, EMEA, and Asia-Pacific. Its strategic partners include Oracle, IBM, EMC, Microsoft and others. For more information visit www.morevrp.com.

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