IBM to Provide NYSE with Extreme Availability Processing
IBM and the New York Stock Exchange announce that they are collaborating on a new order management and messaging system in support of the 1.6 billion shares traded daily.IBM and the New York Stock Exchange announced this week that they are collaborating on a new order management and messaging system in support of the 1.6 billion shares traded daily. The order management system includes 3,000 handheld devices, designed by IBM Engineering & Technology Services, that will be used by brokers on the trading floor to place orders. The IBM-NYSE work on the new TradeWorks infrastructure includes what is believed to be the most extensive testing ever done for a Java-based application environment. IBMs WebSphere infrastructure software, DB2 data management software and Tivoli management software will act as the back-end engine room for TradeWorks, processing the increasingly heavy flow of transactions. The DB2 back end will run on an IBM mainframe running zOS.
In addition to the handhelds, IBM is supplying custom-built Linux-based workstations with high-resolution graphics, low power and redundant connectivity. Traders, brokers and clerks will use these workstations to relay real-time market intelligence from the Exchange floor to upstairs trading desks.