Stratus demonstrates Web-based trading system

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.

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

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