The Securities Technology Analysis Center (STAC) today announced that HP has become the first official Innovation Sponsor for the Manhattan-based STAC Lab.
The STAC Lab is a research facility where end-user firms can try out new technologies under simulated trading conditions. It contains advanced load-generation mechanisms, precise timing equipment, market data, and test tools pre-integrated with many of the products to be tested.
As an Innovation Sponsor, HP has provided the lab with its latest BladeSystem c-Class servers, InfiniBand and Gigabit Ethernet networking, and HP StorageWorks technology. HP will, in turn, use the lab as the cornerstone of its own Latency Mitigation Program for market data, analytics, and execution.
HP's multi-year commitment to the STAC Lab will enable customers and partners to design high-performance solutions using HP products and to test those solutions using official STAC Benchmarks. STAC has added the c-Class servers and other HP products to its "Racked-and-STAC'd" list, the inventory of hardware and software products with which STAC has optimization experience and which are ready for customer projects.
HP has also joined the STAC Benchmark Council and will contribute to specifications under consideration by its participating trading firms. The Council is a group of trading firms and vendors who are defining industry-standard ways of measuring latency, capacity, power efficiency, and other key performance attributes of solutions used in the trading process. Announced on Sept. 17, 2007, the Council includes a number of global trading firms such as Citigroup, JP Morgan Chase, and HSBC as well as vendors such as Intel.
Peter Lankford, Director of STAC, said: "Trading firms around the world use HP products extensively for the most demanding workloads. We are delighted that HP is supporting the STAC movement as an Innovation Sponsor, and we look forward to helping the industry take advantage of HP products to reduce latency."
"HP is pleased to engage with STAC to make the latest technologies such as HP BladeSystem c-Class servers available for securities industry customers tomers to reduce latency in the trading environment," said Simon Freeman, worldwide director of financial markets, Financial Services Industries, HP. "HP is a leader in technology innovation for trading and market data, and we support industry efforts to establish standards for measuring the speed and performance of market data, analytics, and execution."