Sybase (NYSE: SY), an industry leader in delivering enterprise and mobile software, today announced that Markit, a leading, global financial information services company, has chosen Sybase RAP - The Trading Edition to power its market share analytics platform, Markit MSA.
Sybase RAP - THE TRADING EDITION, a highly optimised analytics server, provides Markit MSA with the high performance required to handle thousands of concurrent users for querying large amounts of real time and historical data.
Markit MSA is an innovative product that provides an independent and transparent market share service, collecting and aggregating an estimated 60% of all cash equity trading in Europe across traditional exchanges, MTFs and OTC markets. Sybase RAP THE TRADING EDITION is uniquely suited to support Markit MSA through its core ability to store vast quantities of multi-frequency data to power reporting and analytical functions. This enables Markit MSA to collect the vast amount of European equity trade data from various sources, collate it in a single repository and meet reporting and analytics requirements in near real time.
"Performance was the top business driver for choosing Sybase RAP - THE TRADING EDITION," said Will Meldrum, Managing Director - Equities Data, Markit. "We require the ability to load and store data from over 20 billion trades in a single database and for thousands of concurrent users to run queries against it in a timely manner. With all this data and usage, we needed a system able to meet our customer requirements both in terms of time pressures and performance. With Sybase, we have a scalable solution that adapts to increasing volumes of data with the resilience to handle our historical data feeds."
Sybase RAP - THE TRADING EDITION delivers a smarter approach to the enterprise analytics experience, enabling organisations to increase performance, scale their environment and reduce the costs of maintaining the analytics environment. Compatible with standard hardware platforms and leading analytics applications, Sybase RAP - THE TRADING EDITION provides query performance at record speeds with parallel query processing capability and enhanced query algorithms.
"The financial services market has changed in the last year based on the economy and regulations and Markit has successfully re-evaluated its approach to remain competitive," said Stuart Grant, Business Development Manager, Sybase. "By introducing Sybase RAP THE TRADING EDITION, Markit is able to gain competitive edge and scale its analytics platform to meet its business and competitive needs into the future."