Intel Investors - Stratus, Intel & Microsoft are developing a complete Web-Based stock trading system -- with built in fault tolerance.
"The trading system is being developed to run on Stratus' ftServer system, a new family of low-cost, fault-tolerant servers for mission- critical applications built around Intel(R) Pentium(R) III Xeon(TM) 700 MHz processors and supporting the Microsoft(R) Windows(R) 2000 operating system. "
Paul
{===========================}
newsalert.com
Stratus and Partners Unveil Integrated Securities Trading System Built Upon Industry-Standard Technology
A Cost-effective, Fault-tolerant Alternative to Unix-based Transaction Systems
SAN FRANCISCO, Oct. 11 /PRNewswire/ -- Stratus Computer, maker of the world's most reliable servers, announced at Intel's The eXCHANGE today that it is demonstrating a next-generation, Web-based securities trading system built around industry-standard processor and software technology. A collaborative team consisting of National Discount Brokers Capital Markets, Microsoft Corporation, Intel Corporation, and Stratus Computer, is designing the new system to link the various financial and business entities involved with securities purchases and enable real-time ordering, processing and settlement.
The securities trading system will enable straight-through transaction processing, integrating the complete 'order placement to order settlement' process, and enabling transactions to be processed much faster than current applications allow. The trading system is being developed to run on Stratus' ftServer system, a new family of low-cost, fault-tolerant servers for mission- critical applications built around Intel(R) Pentium(R) III Xeon(TM) 700 MHz processors and supporting the Microsoft(R) Windows(R) 2000 operating system.
"The Internet has raised expectations for faster communications, integrated straight-through processing, and seamless automated support for all aspects of securities trading, from order acceptance to settlement and everything in between," said Todd Brown, CIO of National Discount Brokers. "Meeting these expectations requires an end-to-end, Web-based architecture with 24/7 availability, focused entirely around the requirements of the end user. The unique expertise and engineering know-how contributed by each of the partners make this not only possible but eminently affordable as well."
National Discount Brokers, a top-five volume producer on NASDAQ, will be the first user of the system. The system will be marketed later to other companies in capital markets worldwide. About 70 % of Stratus' customers are in the financial and banking industries, including prominent U.S. securities firms, the 4 top U.S. stock exchanges, the largest stock exchange in Asia, the largest options exchange in the world, and 15 out of the world's 20 largest banks.
"This particular demonstration and application is a perfect example of the theme of The eXCHANGE," said Mike Pope, director of Solutions Development of Intel's Solutions Enabling Group. "Attacking the many opportunities presented by e-Business today will require new thinking and approaches. The most effective and productive applications will result from the pooling of 'best of breed' expertise from various sectors of the IT industry and user community to create fully integrated solutions."
"More and more financial institutions are trusting their mission critical applications to Windows 2000," said Peter Conway, Director Windows.NET Server Marketing, Microsoft Corporation. "The complete platform of National Discount Brokers' securities trading application, Stratus' hardware fault-tolerant systems, and Windows 2000 Datacenter Server, is breaking new ground by addressing the financial industry requirements for greater timeliness, continuous availability, transaction throughput, and superior business value."
The securities trading system solution being demonstrated at The eXCHANGE is a developmental version of the application. More information about this application, as well as general availability and pricing details, will be provided at a later date.
About Stratus Computer
Stratus Computer Systems, S. a r.l. offers the world's most proven range of continuously available computer platforms, application solutions, professional services, and technologies for mission-critical business operations. Stratus serves customers worldwide, focusing primarily on financial services, retail, travel, electronic commerce, healthcare, public safety and gaming industries. Many of Stratus' customers are highly visible industry leaders such as prominent U.S. securities firms, major credit card companies, the largest stock exchange in Asia, the largest options exchange in the world, and 15 out of the world's 20 largest banks. Stratus Computer Systems is a privately held company.
Stratus and Stratus ftServer are trademarks or registered trademarks of Stratus Computer Systems S. a r.l.
Other marks are the property of their respective owners.
SOURCE Stratus Computer Systems, S. a r.l.
/CONTACT: Kristina White, kristina.white@pnicg.com, or Julie Redard, both
of Porter Novelli Convergence Group, 617-450-4300; or Ken Donoghue,
ken_donoghue@stratus.com, or Karen Drake, both of Stratus Computer,
978-461-7269/
/Web site: stratus.com |
