Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home IT Management
    • IT Management
    • Networking
    • Storage

    NYSE Updates Server Farm to Keep Pace

    By
    Hailey Lynne McKeefry
    -
    December 14, 2007
    Share
    Facebook
    Twitter
    Linkedin

      The New York Stock Exchange has switched the backbone of its NYSE Hybrid Market online stock trading system to Hewlett-Packard ProLiant servers, the company announced Dec. 11, and expects the step to increase the speed and accuracy of its online transactions.

      NYSE upgraded to ProLiant from a bank of HP NonStop and HP-UX and Midrange servers to take advantage of the power in the new equipment, especially processor speeds, NYSE officials told eWEEK. The HP DL585 and DL685c have improved I/O, memory footprint, power and cooling, and management, as well as dual-core AMD Opteron chips, an HP representative said.

      “The NYSE is really under pressure from its evolving client base and regulations, and also going through a huge change with mergers and acquisitions,” said Simon Freeman, worldwide director of financial markets for HP Financial Services Industry. “It needs to understand how it is going to deliver on the promises.”

      Click here to read about LeftHand Networks SAN/iQ for HP ProLiant servers.

      HP has added NYSE to a list of stock exchange customers that include the London Stock Exchange, Borsa Italiana and the Singapore Exchange.

      Each day, the NYSE Hybrid Market system routinely handles more than 500 million messages, according to Paul Miller, vice president of Enterprise Servers and Storage for HP. In addition, trading volumes routinely peak or spike and must be managed without execution delays.

      With the new improvements, NYSE Hybrid Market customers can automatically trade up to 1 million shares in a single order, rather than adhering to the previous limit of 1,099. “There has been a change in the nature of investing and the sophistication of the investor,” Freeman said. “The direct market investors have increased the flow of buys so that online trading transactions occur at an ever increasing speeds.”

      In addition, the improved NYSE system adheres to the Securities and Exchange Commission-governed Regulation National Market System, an initiative that aims to modernize the national market system for equity securities.

      “During the past several years, the requirements of investors and securities companies have significantly changed,” said NYSE CIO Steve Rubinow. “Although order commitment reliability is certainly paramount, users want a trading platform with flawless execution and transaction speed.”

      The exchange used rack-based HP ProLiant DL585 servers, HP ProLiant BL685c server blades and HP Integrity NonStop servers in the upgrade. The system also utilizes HP StorageWorks XP12000 storage arrays, which connect to the servers to ensure availability of real-time data.

      Check out eWEEK.coms for the latest news, views and analysis on servers, switches and networking protocols for the enterprise and small businesses.

      Hailey Lynne McKeefry

      MOST POPULAR ARTICLES

      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×