Post By martin237 1 Comment
October 2011 11

HP Converged Infrastructure enhances trade capacity and execution

http://www.hp.com/hpinfo/newsroom/press/2011/111010xa.html?mtxs=rss-corp-news

HP today announced that Singapore Exchange (SGX), the world’s seventh-largest listed exchange, has selected HP Converged Infrastructure technology to enhance trade execution and expand capacity.

To be the premier trading gateway of Asia, SGX will invest $210 million in an organic growth strategy that includes an advanced trading system to ensure a rapid, reliable and accurate experience for customers.

The new, upgraded SGX Reach trading system incorporates HP ProLiant BL 460c G7 server blades and c7000 BladeSystem, NASDAQ OMX trading software, and Mellanox Technologies 40Gb/s InfiniBand adapters and switches. It offers 10 times the capacity of the previous system and enables SGX to cut order-entry latency to less than 90 microseconds. As a result, SGX can deliver increased trading volume, efficiency and accuracy to its customers.

“SGX Reach provides our customers with the world’s fastest trading engine and delivers ultra-low latency response times of less than 90 microseconds door to door,” said Bob Caisley, chief information officer, SGX. “Such powerful trading capabilities put SGX at the forefront of the Asian marketplace, allowing us to aggressively compete at a global level.”

It’s always interesting to read about what technologies organizations are using and to understand their drivers for doing so, in this case using HP Blade technology with their Converged Infrastructure allowed the Singapore Exchange to reduce their execution times and extend capacity which is very cool, I’m off to read up more.




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One Comment

  1. Ray McLemore says:
    October 17, 2011 at 21:04

    This point hits some very valid points for me, thanks for sharing.

    I have been working on a site that is SOLELY dedicated to data centers and data center management. If you and anyone else could check it out, im sure it can help you with alot of questions and shine new light on ideas. Let me know what you think. Thanks.

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