Barclays Capital trims cost with messaging platform

New system to drive down datacentre infrastructure spend

Barclays is investing in a messaging platform to reduce IT maintenance cost

Barclays Capital has announced a multi-year deal with supplier Solace for a new global messaging middleware system to drive down IT costs.

The investment banking division of the financial services giant will use the solution comprising software and hardware as its enterprise-wide high-speed messaging platform, which will integrate front-, middle- and back-office applications.

The deal is expected to generate cost savings related to development, datacentre and support costs and simplify the division’s IT infrastructure.

"Global banks are under pressure to simultaneously reduce datacentre infrastructure spend, while still supporting the huge increases in data volumes our industry is experiencing," said Pat Payton, managing director and head of IBD, sales, research and core services IT at Barclays Capital.

"By embedding the messaging middleware in hardware, Solace is allowing us to better compete in the next decade with a fully flexible, state-of-the-art infrastructure."