In a recent article on the complexities faced by the New York Stock Exchange in going from 10 data centers to four, author Jon Brodkin outlines NYSE’s plans to use 1010data and Intel to consolidate and access terabytes of data. The article says, in part:
The information for the NYSE’s data products is stored in six Intel quad-core servers with “multiple terabytes” of direct-attached storage at the NYSE’s Manhattan data center. The NYSE chose to have 1010 manage the data remotely, freeing up the time of its own employees to focus on the NYSE’s areas of expertise.
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In an article published during the SIFMA Technology Management Conference in June, Wall Street & Technology magazine took a look at the trend of virtualization in the financial services sector. Radakrishna Hiremane, senior product marketing engineer at Intel, was interviewed for the article. The following is a brief excerpt:
Intel’s Virtual Machine Device queues (VMDq), which are baked into the vendor’s 5400 “Harpertown” chipset and will be part of its other server chipsets going forward, offloads certain virtual machine software functions, such as the sorting of data, to hardware, speeding up the process, according to the company. Intel calls this hardware-assisted virtualization. Using VMDq on a 10gigE network interface card, Hiremane says, Intel has demonstrated a data throughput of 9.8 gigabytes per second.
According to an article recently published in eWEEK,IBM’s iDataPlex server array will be used for testing Microsoft’s Windows High-Performance Cluster operating system. From the article:
To help with HPC, IBM is also expanding iDataPlex with Intel Xeon quad-core 5400 series processors—3.0GHz—to pack 145 teraflops of performance into one of the company’s new 315-square-foot modular data centers.
Jonathan Schawartz, CEO and President of Sun Microsystems, recently blogged about a major milestone–achieving a speed record of one million messages per second. The feat was accomplished running Reuters Market Data System 6.0.3 (RMDS) on a Solaris 10 for Intel silicon.
Sun Microsystems (Nasdaq: JAVA) today announced new benchmark performance results for Thomson Reuters market data platform.
The new benchmark demonstrates that running the platform, known as Reuters Market Data System 6.0.3 (RMDS), on Sun technology not only provides the best throughput performance to date by breaking the million-messages-per second barrier, but also the lowest available network latency on a 1Gb Ethernet.
AUTOMATION AND STP, held 23 June in London, taped Intel’s sight of market innovation to paint a cross section across the rapidly changing landscape.
The life blood of financial services and global commerce is built around the exchange of messages between counterparties to trades and transactions.
Whether it be securities or trade value chains, agreements are struck to trade and settlement proceeds through to payment through mediums and parties often unknown to each other.
SWIFT has blazed the trail in standardizing settlement message formats and created a transition in the industry over the last 30 years. Other message formats and bodies have followed successfully, FIX Protocol Limited for equities, RosettaNet for technology, and technology and data initiatives such as FpML, AMQP.
Arriving at standards has proved an horrendous complex journey, during which time a thriving industry has been bred in technologies and ASP services between communicating lingua franca or simply take the pain away in an service contract.
Today we arrive at new market structures – RegNMS and MiFID have been commented upon in global securities, SEPA stands to change the landscape for European payments and new technologies could revolutionise the manner in which counterparties communicate – functional disintermediation through automation is a real possibility.
Venturing from the pre trade arms race of market data and trading – the fasterCITY schedule opened the post trade arena with this focus on the life blood of financial services - messages – and the drive to automate processes and achieve STP.
What verged on an AMQP conference –John O’Haraof JPMC set the scene by explaining the business rationale behind his and the banks’ vision to drive the establishment of this new paradigm in messaging technology. With a view to ubiquitous exchange of consistently formatted messages on de facto industry standard transport – John could see a world of increased communication, STP integration and reduced cost.
Carl Treiloffof RedHAT described how as a major open source based software operation RedHAT has embraced, invested and started to take the technology to market.
The panel mixed the discussion of AMQP technology with the useage of standards based messaging and how fuels and responds to the changes taking place in the market.Darrel Fieldingdescribed a world post SEPA where European Banks would see themselves defending their traditional payments and settlement business andTom Buschmannof TWIST endorsed a new world of free communication between corporations and providers of financial services.John Burtonof Petra Financial added the trade finance element and discussed how the SE Asian – northern hemisphere trade routes lays themselves open to new electronically automated processes – potentially circumventing and certainly accelerating traditional paper processes. John added that the frontiers of technology were moving, and that SE Asia was a centre for innovation with mobile computing – moving the compute envelope to new functions and fundamentally facilitating automation earlier in the trade to payment cycle.Matt Meinelof 29 West,Ben Hoodof Rabbit MQ andJason du Preevof m35 widened the technical perspective with links from transport through to message formats integrated with business processes – and where the latest developments were focussed.
Leading Nordic investment bank Carnegie is leveraging Xeon 5300 processors to create a virtualised environment, consolidating 140 legacy servers down to just 16 in its data centre. The benefits include increased flexibility, improved backup and significant operational expenses.
In a recent article on the complexities faced by the New York Stock Exchange in going from 10 data centers to four, author Jon Brodkin outlines NYSE’s plans to use 1010data and Intel to consolidate and access terabytes of data. The article says, in part:
In an article published during the SIFMA Technology Management Conference in June, Wall Street & Technology magazine took a look at the trend of virtualization in the financial services sector. Radakrishna Hiremane, senior product marketing engineer at Intel, was interviewed for the article. The following is a brief excerpt:
According to an article recently published in eWEEK, IBM’s iDataPlex server array will be used for testing Microsoft’s Windows High-Performance Cluster operating system. From the article:
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