Red Hat Transfers Credit Suisse First Boston's Global Trading [...]
Red Hat Transfers Credit Suisse First Boston's Global Trading Architecture From Unix To Linux
📅 - Red Hat, Inc., the original open source and Linux provider, today announced that it has migrated a component of the Credit Suisse First Boston (CSFB) worldwide financial trading architecture from Unix to Red Hat Linux. A leading global investment bank, CSFB serves institutional, corporate, government and individual clients with its Agora (Greek for marketplace) application. Agora, which performs financial transactions such as basket trading, time slicing and institutional order flow, is able to drive thousands of international orders, in a matter of seconds.
Processing roughly 35 million global and 25 million U.S. transactions each day, Agora's enterprise notification system was converted from a four-way RISC-based architecture to a two-way Intel architecture running Red Hat on an Intel chip. With Egenera as the platform provider, Agora's structure is made up of high-powered Egenera BladeFrame systems running Red Hat Linux. The combination of Red Hat Linux with the BladeFrame consolidates servers and improves performance while lowering cost for business-critical applications.
CSFB will consolidate more than 20 RISC-based machines to only a few Intel processors, which can process up to a half-billion transactions each day per Egenera Processing Blade as a result of its Red Hat (redhat.com) implementation.
?In an environment of increasing trading volumes and surges in demand, our systems need to be agile. We can gain a competitive advantage with a system that is flexible enough to constantly adapt to new business requirements while always improving prices for our customers,? said Steve Yatko, director and CTO of Securities IT at CSFB.
?Since implementing Red Hat Linux on the Egenera BladeFrame, we've noticed significant performance enhancements. Agora has evolved to the point where we are executing record trading volumes.?
Processing roughly 35 million global and 25 million U.S. transactions each day, Agora's enterprise notification system was converted from a four-way RISC-based architecture to a two-way Intel architecture running Red Hat on an Intel chip. With Egenera as the platform provider, Agora's structure is made up of high-powered Egenera BladeFrame systems running Red Hat Linux. The combination of Red Hat Linux with the BladeFrame consolidates servers and improves performance while lowering cost for business-critical applications.
CSFB will consolidate more than 20 RISC-based machines to only a few Intel processors, which can process up to a half-billion transactions each day per Egenera Processing Blade as a result of its Red Hat (redhat.com) implementation.
?In an environment of increasing trading volumes and surges in demand, our systems need to be agile. We can gain a competitive advantage with a system that is flexible enough to constantly adapt to new business requirements while always improving prices for our customers,? said Steve Yatko, director and CTO of Securities IT at CSFB.
?Since implementing Red Hat Linux on the Egenera BladeFrame, we've noticed significant performance enhancements. Agora has evolved to the point where we are executing record trading volumes.?
Reads: 1420 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/red040802.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
📅 -