Stratus demonstrates Web-based trading system

Stratus Computer is demonstrating a new Web-based trading system built in collaboration with National Discount Brokers Capital Markets, Microsoft and Intel. The vendor describes the development as an industry-standard fault-tolerant alternative to Unix-based transaction systems for real-time ordering, processing and settlement.

  0 Be the first to comment

Stratus demonstrates Web-based trading system

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The trading system is being developed to run on Stratus' ftServer system, a new family of fault-tolerant servers for mission-critical applications built around Intel Pentium III Xeon 700 MHz processors and supporting the Microsoft Windows 2000 operating system.

"The Internet has raised expectations for faster communications, integrated straight-through processing, and seamless automated support for all aspects of securities trading, from order acceptance to settlement and everything in between," says Todd Brown, CIO of National Discount Brokers. "Meeting these expectations requires an end-to-end, Web-based architecture with 24/7 availability, focused entirely around the requirements of the end user.”

National Discount Brokers, a top-five volume producer on Nasdaq, will be the first user of the system. The system will be marketed later to other companies in capital markets worldwide

Sponsored [Webinar] Unifying Card Programmes: The cost-reduction imperative

Related Company

Comments: (0)

[Impact Study] 2024 Fraud Trends in Banking, Insurance, and BeyondFinextra Promoted[Impact Study] 2024 Fraud Trends in Banking, Insurance, and Beyond