London Clearing House selects BEA for technology renewal programme
12 November 2003 | 4122 views | 0
The London Clearing House is to move to a BEA WebLogic platform as part of a multi-million pound technology renewal programme.
The four year programme will Web-enable LCH's new clearing system to replace a series of applications that currently process more than £150 trillion's worth of transactions per annum, and includes more than 30 mission critical systems supporting products from most financial exchanges and some OTC markets.
The new clearing infrastructure, based on BEA WebLogic Platform 8.1, is designed to enable LCH to improve transaction cycle times, boost resilience and quicken time to market for new applications. It will integrate with an Oracle 9i RAC running on the HP UX operating systems.
LCH has additionally commissioned BEA Services to provide architecture design support across the full development and test lifecycle, with input on best practices and how to achieve high productivity. BEA's Mission Critical Support has also been called on to support key business functions and minimise unplanned downtime.