22 April 2018
Visit https://aciworldwide.webex.com

London Clearing House selects BEA for technology renewal programme

12 November 2003  |  4161 views  |  0 London Tower Bridge

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.
KeywordsHARDWARE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fundtech adds support for BEA WebLogic 8.1

Fundtech adds support for BEA WebLogic 8.1

09 September 2003  |  3553 views  |  0 comments
Wachovia selects BEA WebLogic for online FX application

Wachovia selects BEA WebLogic for online FX application

19 August 2003  |  4880 views  |  0 comments
Eontec adds support for BEA WebLogic platform 8.1

Eontec adds support for BEA WebLogic platform 8.1

06 August 2003  |  4070 views  |  0 comments
LCH and Clearnet announce merger

LCH and Clearnet announce merger

25 June 2003  |  10741 views  |  0 comments | 1 tweets
London Clearing House extends Misys Arrow contract

London Clearing House extends Misys Arrow contract

02 April 2003  |  4144 views  |  0 comments
London Clearing House to reduce EquityClear tariff

London Clearing House to reduce EquityClear tariff

05 December 2002  |  3069 views  |  0 comments
LCH selects onExchange for OTC energy

LCH selects onExchange for OTC energy

28 October 2002  |  3625 views  |  0 comments
LCH expands SwapsClear

LCH expands SwapsClear

03 September 2002  |  7049 views  |  0 comments
LCH extends RepoClear to UK Gilts

LCH extends RepoClear to UK Gilts

05 August 2002  |  4673 views  |  0 comments
LCH pushes ahead with Pan-European CCP

LCH pushes ahead with Pan-European CCP

11 July 2002  |  3876 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit www.nextgenbanking.co.ukVisit http://wup.digital

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
11229 views comments | 19 tweets | 26 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
9980 views comments | 18 tweets | 32 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9871 views comments | 14 tweets | 19 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
9057 views comments | 16 tweets | 22 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
8468 views comments | 9 tweets | 10 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job