Pershing moves to the Web with Unisys Clearpath

Pershing moves to the Web with Unisys Clearpath

The London arm of Credit Suisse trading and clearing subsidiary Pershing is to offer UK brokerages Web-based access to its electronic stock trading system via Unisys ClearPath and ES700 servers.

ClearPath server's 'capacity on demand' capability enables customers to purchase 25% extra computing capacity for unpredictable demands and emergencies, using the higher capacity levels within minutes, says Pershing.

The new ClearPath NX6834 enterprise server will support development and maintenance of its core trading systems to which Pershing will provide Web-based, online access for users via SQL Server 2000 databases, hosted on a Unisys ES7000 Intel-based server.

In addition, a second Unisys ES7000 server at a different site will provide business continuity and backup for Pershing's primary trading system to ensure that customers' access to trading tools remains uninterrupted should Pershing's core production system fail. Resilience is further bolstered with EMC Symmetrix enterprise information storage systems and Symmetrix Remote Data Facility (SRDF) software for duplicating production data on a separate Symmetrix system.

Lloyd Williamson, director of information technology, Pershing, says: "Few business processes are as sensitive to users' needs for absolute availability of information and ease of access as are those in the securities industry."

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