NTAP--TradingLinx.com Singles Out Network Appliance for Its Storage Infrastructure Needs
SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 21, 2000--Network Appliance, Inc. (Nasdaq:NTAP - news), the leading provider of networked storage data access and content management solutions, today announced that TradingLinx.com, an application service provider (ASP) focusing on the financial services industry, has selected Network Appliance(TM) storage solutions to address the company's burgeoning storage needs.
TradingLinx.com's business model demands security and reliability, therefore it chose NetApp® F760 filers, the most powerful Network Appliance enterprise storage solution, as the backbone of its infrastructure. The multiterabyte F760 filers are connected in a clustered failover configuration to ensure mission-critical data accessibility. The filer solution is further supported by NetApp SnapRestore(TM) software, enabling system administrators to revert a file system to a previous operating state, before a data corruption or data integrity issue occurrs. Providing up to 1.4TB of data, the F760 offers TradingLinx.com high performance and painless management, giving the company a robust and cost-effective solution for its storage needs.
``We are excited to team with Network Appliance on such an important initiative for the securities operations industry,'' said John Leonelli, founder and co-CEO at TradingLinx.com. ``Our innovative solution for trade processing and Network Appliance's storage appliance expertise will provide the kind of performance required for today's explosion in trading volumes worldwide.''
TradingLinx.com is the first universal Web-based confirmation platform deployed to link financial institutions globally, for straight-through processing (STP) of domestic and cross-border transactions across all asset classes, including equities, fixed income, derivatives, foreign exchange, and commodities.
TradingLinx.com will utilize the NetApp F760 filers to store crucial trading information. The data will include all details pertaining to an institutional trade, such as commissions, standing instructions, and settlement details.
``With the volume of complex information involved with each and every trade, TradingLinx.com requires nothing less than the most powerful and reliable storage solution to meet the demands of its global customers,'' said Mike Marchi, senior director of marketing at Network Appliance, Inc.. ``Network Appliance offers its customers a reliable, scalable solution which ultimately provides unprecedented peace of mind, allowing the company to focus on its core business initiatives.''
About TradingLinx.com
TradingLinx.com was founded in August 1999 by former traders and Web developers. Recognizing the manual processes involved in trade confirmation and the potential of Internet technology, they began to design a system that could fully automate the trade confirmation process.
TradingLinx.com provides the first secure, Web-based, real-time trade confirmation and processing system linking all participants in the global securities trading community: broker-dealers, custodians, investment managers, and back-offices. The TradingLinx.com universal platform fully automates and streamlines front and back-office operations providing instant compliance with the straight-through processing initiative and drastic reduction of operational risks.
To learn more about TradingLinx.com, please visit the company at www.tradinglinx.com.
About Network Appliance
Network Appliance, a veteran in network file serving and caching, has been providing data access solutions since 1992 and is a member of both the S+P 500 and NASDAQ 100 index. Major corporations and ISPs, including Lycos, Yahoo!, Citicorp Securities, Siemens, Lockheed, Cisco, Motorola, and Texas Instruments have deployed NetApp solutions. NetApp Internet caching solutions (NetCache(TM) appliances) and file servers (filers) deliver fast, simple, reliable, and cost-effective access to network-stored data and enable simultaneous shared file services for UNIX®, Windows NT®, and the World Wide Web.
The company pioneered the concept of the ``network appliance,'' an extension of the industry trend toward dedicated, specialized products that perform a single function. Network Appliance filers and NetCache appliances are based on the company's innovative data access software known as the Data ONTAP(TM) operating system and standards-compliant hardware.
Note to Editors: NetApp and the Network Appliance logo are registered trademarks and Network Appliance, NetCache, SnapRestore, and Data ONTAP are trademarks of Network Appliance, Inc. in the U.S. and other countries. Windows and Windows NT are registered trademarks of Microsoft Corporation. UNIX is a registered trademark in the U.S. and other countries, licensed exclusively through X/Open Company Limited. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such. |
