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Wilco develops new market transaction platform 

Our eFE Bureau  
Hyderabad: Wilco International Systems Private Limited, a wholly-owned subsidiary of ADP Inc, has developed a new platform for its market leading transaction processing system called Gloss. The platform will be database independent and will have a capacity to process at least one million trades per day, according to a company release here on Friday.

The platform will be Java-based and will use XML messaging. It will be able to operate with any SQL-based database and run on a range of hardware platforms including IBM, Sun and Compaq's platform for the zero latency enterprise, the Compaq Himalaya Server.

Functionality for the new platform is being developed on a component basis. The first components will be available mid-2001 and the module for order management will be included in these.

In parallel with its new platform, Wilco is continuing to develop its existing Gloss platform and the components of the two platforms will be inter-operable. "The present Gloss platform is already marketed as a proven solution for high-volume transaction processing," Mr Donal O'Brien, Wilco's technical director, said adding the new development will enable us to support firms trading in ASP services and for onsite implementation.

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