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HKEx upgrades trading hall with Nortel ethernet switching

28 June 2006  |  2064 views  |  0 Source: Hong Kong Exchanges

Hong Kong Exchanges and Clearing Ltd (HKEx), one of Asia's largest international stock exchanges, has upgraded the network infrastructure and performance for its recently revamped Trading Hall with an Ethernet switching solution from Nortel (NYSE/TSX: NT).

The upgraded network is designed to deliver reliable Terabit performance to traders and other network users, and to securely handle the end-to-end transport of all types of application data well into the future.

"The HKEx Trading Hall has relied on Nortel high-performance network technology for many years," said Alfred Wong, chief technology officer and head of Information Technology, HKEx. "This network infrastructure upgrade was successfully completed in January 2006 and, since then, has continuously delivered excellent resilience, stability and reliability for the 300 trading terminals installed in our recently revamped Trading Hall."

"When network reliability really matters, financial institutions like HKEx turn to Nortel networks to ensure their core, business critical operations continue without problem," said David Wong, managing director, Hong Kong, South China and Macau, Nortel. "HKEx is committed to delivering a secure and efficient trading environment. We worked with them to design and deliver a highly reliable yet flexible network that is capable of evolving rapidly to meet growth in what is a very dynamic, high-growth financial market."

The Nortel solution provides the HKEx Trading Hall with a new 10/100 Mbps Layer 2 Ethernet LAN infrastructure based on the Nortel Ethernet Switch 470 working in combination with an existing Nortel Ethernet Routing Switch 8600 backbone. The solution features Nortel Split Multi-Link Trunking (SMLT) technology designed to ensure high service availability by eliminating any single point of failure in the network.

Many of the world's largest stock exchanges are Nortel customers, with the company's data networking solutions supporting billions of transactions daily in New York, Sao Paulo, Buenos Aires, Bombay, Seoul, Sydney and Hong Kong.

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