Asia Pacific Stock Exchanges Rely on HP to Bring Speed and Accuracy to Trading Systems

ข่าวเทคโนโลยี Tuesday January 29, 2008 16:26 —PRESS RELEASE LOCAL

Bangkok--29 Jan--Hill & Knowlton Thailand HP announced that an increasing number of Asia Pacific Stock Exchange customers have adopted HP Integrity and NonStop servers and solutions. In a business environment where milliseconds matter, leading stock exchanges in the region are using HP Integrity and NonStop servers to grow their businesses by ensuring that trading transactions occur with the speed and accuracy their customers expect. HP customers include the following Asia Pacific stock exchanges: Bombay (BSE), Korea (KRX), Shenzhen (SSE) and Singapore (SGX). Running HP Integrity Superdome Server is the largest derivatives exchange in the world, the Korea Exchange (KRX), whose aging legacy system could no longer meet the needs of a rapid trade closing system. The new system also had to be tailored to cater to KRX’s bond trading system. “We found that it was hard to lead the rapidly changing financial market with the mainframe-based system,” said Kim Kyoung-soo, team leader, Bond System of Stock Market Operations, Korea Exchange. “As new technologies and products continuously come to market, the flexibility and scalability of the system were essential for us.” With the onset of electronic and online trading, the requirements of investors and securities companies have become increasingly demanding for Asia Pacific Stock Exchanges. “HP technology is ideally suited to serve as the backbone for Asia Pacific Stock Exchange IT infrastructures which routinely handle millions of transactions a day,” said Herbert Zwenger, vice-president and general manager, Business Critical Systems, HP Asia Pacific and Japan. “Users want a trading platform with flawless execution and transaction speed. HP is helping deliver it all through dependable Integrity and NonStop server platforms”. HP’s NonStop platform based on HP Integrity servers are currently enabling Asia’s oldest stock exchange, the Bombay Stock Exchange (BSE) to run more efficiently. As India’s leading financial exchange, the BSE realized the importance of having in place state-of-the-art IT infrastructure to support trading activity. After HP implemented its solutions, the results were visible almost immediately. The BSE can now anticipate and respond to business changes with greater speed and easy handling.

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