A technology refresh that began last summer at the National Stock Exchange (NSX) is now complete and fully operational. The new state-of-the-art technology platform replaced older HP systems with Sun FireTM servers powered by UltraSPARCR and AMD Opteron processors, as well as the Sun StorageTek Compliance Archiving System.

"The National Stock Exchange has made a significant investment in a state-of-the-art infrastructure, with a lower cost model than any of our competitors," said Joseph Rizzello, CEO of NSX. "This will allow us to aggressively compete with other exchanges while giving traders greater options for best execution. I don't think there's any technology provider out there that could have delivered us onto this path as Sun has."

The new platform, called the NSX Blade and NASD/NSX Trade Reporting Facility, allows the NSX to process over 15,000 orders per second and 1,500 executions per second. Benefits include handling increased trading volumes and better data archival needs to comply with recent SEC regulations.

The Sun StorageTek Compliance Archiving system has been evaluated as meeting the stringent requirements for data storage as defined by SEC rule 240.17a-4. The Sun StorageTek Compliance Archiving system is the combination of the Sun StorageTek Network Attached Storage (NAS) Appliance and StorageTek Compliance Archiving software.

Larry Scott, vice president of financial services for Sun, said, "The NSX has taken the necessary steps to position itself as a highly efficient and low cost execution venue. The new open technology platform powered by Sun will help provide the NSX with competitive advantages for its members in the years to come." [...read more...]

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