In order to deliver an ultra-fast, next-generation equities trading platform to Singapore Exchange (SGX), Voltaire (News - Alert) Ltd a leading provider of scale-out data center fabrics, announced that it is collaborating with NASDAQ OMX and HP.

 

The new trading engine 'SGX Reach' is delivered through NASDAQ OMX's Genium INET technology, Voltaire InfiniBand switches and Voltaire Messaging Accelerator (VMA) software and HP ProLiant server blades. On May 7, 2010, SGX conducted a benchmark test with its partners at the HP Capacity Planning Centre in Singapore and achieved a record-breaking, average order response time of less than 90 microseconds door-to-door. This will provide customers with the fastest execution capability in the world.

 

Bob Caisley, CIO of SGX said, "SGX is investing in the most advanced trading technology to ensure that our customers enjoy ultra-fast trading and the best access to Asia. We are delighted to be leveraging on the low-latency characteristics of Voltaire's InfiniBand switches and software to ensure the success of this initiative."

 

Mats Andersson, CTO at NASDAQ OMX said, "We have been very impressed by how well Voltaire's VMA software has operated for us in the development and testing of SGX's new trading platform. Voltaire's VMA software provided most of the latency improvement without requiring any changes to the application. With this solution, we are able to fully utilize the performance benefits of InfiniBand."

 

Voltaire pioneered the delivery of low-latency, InfiniBand- and 10 Gigabit Ethernet-based market data solutions to the financial services industry and today works with server OEMs such as HP to sell solutions to many of the world's top exchanges, banks and hedge funds. Voltaire's unique VMA software dramatically improves performance of high frequency trading and other multi-cast applications, further reducing latency and increasing application throughput per server.

 

Amir Prescher, executive VP and business development at Voltaire "The infrastructure Singapore Exchange is investing in, which includes Voltaire InfiniBand and our unique messaging acceleration software for the absolute lowest latency trading network, will place Singapore Exchange among the leading exchanges of the world. We are extremely pleased to be working with Singapore Exchange on this important project."

 

Lee Fisher, manager of FSI business development, Scalable Computing and Infrastructure organization at HP said, "With financial transactions increasing exponentially, clients in the trading industry need to establish a competitive advantage in the market by dramatically increasing the performance of their systems. HP's BladeSystem platform and ProLiant server blades coupled with Voltaire technologies ensure clients have the high performance and reliability they need to support critical financial trading transactions."

 

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