Violin Memory®, Inc. (NYSE:VMEM), a leading provider of award-winning all-flash storage arrays and appliances delivering application solutions for the enterprise, announced today that Tradition-ICAP, the world's leading voice broker and electronic platform for interdealer trading of Foreign Exchange (FX) Options, has chosen Violin all-flash arrays to support its Hybrid FX Options Trading System – Volbroker. With the Violin platform, Tradition-ICAP is now able to exceed their client service levels, as well as achieve operational efficiencies by reducing Oracle database rebuild and maintenance times by over 40X, from two days down to under an hour.

Volbroker is the market leader for electronic FX option price transparency and efficiency, and was designed for and by professional FX option traders to give real-time access to price information, execution reports and a host of other information. Volbroker serves over 150 large investment bank clients globally, and operates out of London, Frankfurt, Copenhagen, New York, Singapore, and Tel Aviv.

The FX ecosystem and supporting technology has changed dramatically over the last two decades. Requirements have changed and trading volumes have increased drastically. The data that is processed for option trading is significantly high on volume and detail and requires a very reliable, highly available, and high-performance storage solution in order to meet service levels and stay ahead of the competition. Tradition-ICAP’s Volbroker platform has always had a heavy dependence on storage performance and while they were running the entire system cached in memory, the performance of their traditional storage was becoming a critical problem that they could no longer afford.

“Even when loading everything into memory there were times that data would leave the cache and the Oracle database had to directly access the storage subsystem, and at peak times, the entire system would spend excessive amounts of time waiting for our traditional storage subsystem,” said Terry Benson, COO at Tradition-ICAP. “We needed a solution that eliminated the storage bottleneck and delivered consistent low latency and high IOPS at all times. Violin all-flash arrays exceeded our expectations and are clearly the best choice for our business. Using Violin arrays we have eliminated any worries about supporting our growing business, and we can concentrate on developing the new technologies that will help our customers to be even more successful in their trading.”

Beyond providing the requisite storage performance for their application needs, the Violin flash storage solutions revealed problems in their database architecture that were previously imperceptible to the IT team. Specifically, the team found that a number of database queries were less than efficiently written and could be fine-tuned for more efficient processing of the data.

With Violin, Tradition-ICAP’s customers will be able to rely on the performance of Volbroker at even the busiest of times. This reliable access is critical and provides them with a competitive advantage; without it, traders must resort to less efficient and more time-consuming methods of execution. The second, yet equally important outcome is that Tradition-ICAP developers are now free to develop new and innovative products, rather than constantly battling with unsuitable disk-based storage systems.

“Violin all-flash arrays are perfect for time-sensitive applications, such as foreign exchange trading, where a millisecond is worth hundreds of millions of pounds,” added Mick Bradley, Managing Director, Violin Memory EMEA. “The solution’s reliability, high-performance and data availability characteristics are critical to this market, where even a few seconds delay can have major financial consequences.”

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Violin Memory Forward-looking Statement

This public announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to: (1) the possible results and economic benefits that customers and others may realize by using Violin Memory’s products; and (2) Violin Memory’s business plans and strategy. There are a significant number of risks and uncertainties that could affect Violin Memory's business performance and financial results, including those set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Violin Memory's quarterly report on Form 10-Q for the third quarter of fiscal year 2015, which was filed with the U.S. Securities and Exchange Commission, and which is available on the Violin Memory's investor relations website at investor.violin-memory.com and on the SEC's website at www.sec.gov. All forward-looking statements in this public announcement are based on information available to Violin Memory as of the date hereof, and Violin Memory does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

All Violin Memory news releases (financial, acquisitions, manufacturing, products, technology, etc.) are issued exclusively by Business Wire and are immediately thereafter posted on the company's external website, www.violin-memory.com. Violin, Violin Memory and the Violin Memory logo are trademarks of Violin Memory, Inc. in the U.S. and other countries. All other brand or product names used in this public announcement may be trademarks of their respective owners.

About Tradition-ICAP

Tradition-ICAP was formed in July 2000 by the merger of the OTC FX Options divisions of the TFS Group and ICAP plc. Tradition-ICAP has offices in London, New York, Frankfurt, Copenhagen, Tokyo, Hong Kong and Singapore. Tradition-ICAP conducts its business as an independent intermediary in OTC FX Options. In November of 2001, the Company integrated the Volbroker system into its currency options business. This created an inter-dealer broking consortium that combines the strengths of voice brokered liquidity together with the market's leading FX Options electronic broking platform. The Volbroker platform was designed by traders, for traders and is used by banks all over the world.

ICAP is the world's largest interdealer broker. The Group is active in the wholesale market for OTC derivatives, fixed income, money markets, futures, commodities, equities and equity derivatives with daily turnover in excess of $250 billion.

About Violin Memory, Inc.

Business in a Flash. Violin Memory transforms the speed of business with high performance, always available, low cost management of critical business information and applications. Violin’s All Flash optimized solutions accelerate breakthrough CAPEX and OPEX savings for building the next generation data center. Violin’s Flash Fabric Architecture™ (FFA) speeds data delivery with chip-to-chassis performance optimization that achieves lower consistent latency and cost per transaction for Cloud, Enterprise and Virtualized mission-critical applications. Violin's All Flash Arrays and Appliances, and enterprise data management software solutions enhance agility and mobility while revolutionizing data center economics. Founded in 2005, Violin Memory is headquartered in Santa Clara, California. For more information, visit www.violin-memory.com. Follow us on Twitter at twitter.com/violinmemory.