Bear Stearns has signed a two-year $1.5 million contract with IP Metrics for the provision of software and consulting services to support the investment bank's new trading network.
Once up and running, over 3000 Bear Stearns traders will use the network to support hundreds of billions of dollars in daily trading activity in equities, bonds, options, futures, derivatives, foreign exchange currency and bonds.
The system is based on a customised version of IP Metrics NIC Express software and incorporates end-to-end redundant links between trading workstations, network infrastructure and backend trading systems.
Geryl Darington, senior managing director and CTO of Bear Stearns, based in New York City, says: "We partnered with IP Metrics because NIC Express proved itself the only solution capable of intelligently routing data traffic around all conceivable network faults and bottlenecks."