Compaq bags three new exchange contracts

Compaq bags three new exchange contracts

Compaq Computer Corporation has bagged new business contracts at three securities and futures exchanges: the Toronto Stock Exchange, Bourse de Montreal, and the Sydney Futures Exchange.

Each of the three exchanges has implemented new hardware to cope with rapidly expanding daily trading volumes.

The Toronto Stock Exchange is to run its 'New Trade Engine', designed to manage all core trading transactions, on Compaq NonStop Himalaya S74000 servers. Previously, NonStop Himalaya servers had hosted only the exchange's order-matching system.

Neighbouring futures and options exchange, Bourse de Montreal has selected NonStop Himalaya S72000 servers to run its SAM (Montreal Automated System). The new high-end hardware configuration is expected to accelerate transaction speed, reduce costs, and create new capacity to accommodate future growth.

In another vote of confidence for Compaq, the Sydney Futures Exchange (SFE) has decided to run its new allocation, clearing and settlement application on an array of AlphaServer DS20E systems running Open VMS, with fibre channel-based SAN (storage area network) and Oracle relational database.

Compaq claims approximately 95 percent of all securities transactions are handled by its NonStop Himalaya and Open VMS on AlphaServer systems.

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