Qatar Exchange dumps IBM and Microsoft for Linux
10 February 2011 | 9066 views | 0
Qatar Exchange has migrated from an IBM and Microsoft-based trading platform to open source technology from Red Hat.
Previously called Doha Securities Market, Qatar Exchange was re-branded in 2009 after Nyse Euronext paid $200 million for a 20% stake in a deal that also saw the transatlantic bourse slated to provide the new venture's technology platform.
Nyse Moved its own platform to the Linux operating system under a deal with Red Hat in 2008. Qatar has now followed suit, migrating from IBM AIX and Microsoft Windows to build its trading platform and back-office systems on Red Hat's Enterprise Linux, Network Satellite and clustering technologies.
The vendor says that by moving mission-critical trading applications and databases from IBM AIX to Red Hat Enterprise Linux, the exchange is offering improved levels of operational flexibility. Red Hat has also offered Qatar Exchange a "long-term infrastructure roadmap based on open source technologies, which offer robust security and ease of management".
Jassim Bukashisha, IT director, Qatar Exchange, says: "Unplanned downtime is not an option, so we need to be confident that we have the right technology partner behind us. Red Hat provided us with an enterprise-class solution that is high in performance, incredibly robust and proven to be secure, all at an affordable price without any compromise on performance."