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Exchanges transformation and optimization from IBM
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| Speed trade transactions, settlement and clearing to meet growing demands
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Exchanges transformation and optimization from IBM, an optimization consultancy engagement, offers technology to optimize the processing of transaction-based exchange business. Discover cost-efficient ways to reduce latency within your infrastructure to meet significant increases in trading volume and overall data transmission requirements. Develop a strategy to meet the challenge of increasing price pressure and the need to reduce trading costs.
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| Built to meet your goals
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Your exchange is unique—with different products, strategy, goals and challenges than any other exchange. Exchanges transformation and optimization from IBM stands apart from our competitors because:
- Based on your needs, our solutions are designed with IBM Securities Exchange Reference Architecture (SXRA) or IBM Clearing House Reference Architecture (CHRA) as the foundation, both working as a common repository of business and technology components and a catalyst in integrating and consolidating disparate data.
- We apply lessons learned from a proven track record—IBM clients comprise 100% of Fortune 500 financial markets firms and 83% of Fortune 1000 financial markets firms.
- IBM offers financial markets expertise and technical skill specific to an exchange based on extensive experience supporting exchanges in integration programs in Europe, North America and Asia Pacific.
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| A foundation for modeling efficiencies
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IBM can help your exchange achieve operational efficiencies and cost controls through a consultancy engagement designed to help discover and implement infrastructure simplification, while integrating people, processes and information. Trading reference architecture for exchanges from IBM is built on Securities Exchange Reference Architecture (SXRA) and Clearing House Reference Architecture (CHRA).
These trading reference architectures provide business component map templates based on component business modeling (CBM) to help identify common business functions shared across organizational silos. The benefit of modeling a business as a network of components can lead to improvements in three critical areas—efficiency, strategic planning and flexibility.
Trading reference architectures, such as SXRA and CHRA, provide a foundation to help your exchange:
- Define your exchange's business model including the operating environment, the services you offer, the processes you depend on, your resiliency and the volume of transactions you must handle.
- Take advantage of a set of templates and market design guidelines to help you:
- Support different market models from a common framework.
- Trade different products and combinations in a common model.
- Implement standard order types and standard trading rules based on common business practices across major international markets.
- Tune market definition using different elements and configuration values.
- Better understand your IT environment and discover in detail how systems components work together to meet the business requirements, applying the principles of a service-oriented architecture (SOA).
- Explore outsourcing options to help you improve resource allocation and focus on your core business.
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| Horizontal scalability for continued record-breaking trading volumes
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Euronext and its IT service provider, Atos Euronext Market Solutions, supported by infrastructure and engineering teams from IBM, carried out performance testing on the planned upgrade of the equities trading platform, resulting in:
- An average response time of less than 5 milliseconds.
- Over 100 million orders handled and 20 million trades generated in two hours.
- 850,000 trades generated on a single financial instrument, with a peak at 10,000 orders per second.
The upgraded trading platform, based on Linux® and IBM technology, meets the highest industry standards in terms of resilience and availability, with a fault-tolerant architecture, redundant processes and virtual real-time database replication to the disaster recovery site.
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| Transition to a variable cost model
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The financial delivery framework that is part of our trading reference solutions is designed to provide several monetary benefits to exchanges. We can help your exchange:
- Transition your infrastructure from a fixed asset into a variable cost, so your costs are related to actual peaks in usage.
- Limit physical space requirements for hardware and the related costs by placing less hardware on the floor and dialing up more as needed.
- Gain higher throughput with a proven middleware product from IBM.
- Allow IT services staff to work on business needs and functions rather than spending time maintaining custom, in-house applications.
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Questions about this solution? Contact an IBM financial services specialist.
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