17 August 2017
Find out more

NZX ECN to be powered by Stratus

11 January 2008  |  4065 views  |  0 Source: Stratus

New Zealand Exchange Limited (NZX) today announced it will soon be reporting stocks traded on the Australian Stock Exchange over its new electronic communications network (ECN), using a solution created by Stratus Technologies and its partner, Trayport.

The ECN, which is being established in partnership with Citigroup, CommSec, Goldman Sachs JBWere, Macquarie Bank and Merrill Lynch, will provide off-market trade-execution reporting services to brokers in Australia. In addition to the ECN, NZX has replaced the blade servers that had been driving its equities trading engine with fault-tolerant Stratus servers.

NZX processes several thousand trades daily. "Our local and global clients rightly expect our services to be unfailing," said Martyn Bain, IT delivery manager, NZX. "NZX maintains a very high business profile and any systems outage could become a news media event, which is situation we certainly strive to avoid."

NZX has 12 Stratus® ftServer® systems supporting the ECN and securities trading applications. Electronic trading systems provider Trayport recommended fault-tolerant servers due to the field-proven uptime reliability they are known for.

"Built-in redundancy means that, with the Stratus ftServer system, we need not be concerned with application failover speed and logic; the server essentially manages itself with no extra server management complications and prevents failure from occurring in the first place," noted Bain.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10038 views comments | 8 tweets | 16 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
10019 views comments | 13 tweets | 11 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8343 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7789 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7734 views comments | 13 tweets | 7 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job