Compaq has won impressive new business at three leading worldwide securities and futures exchanges - the Toronto Stock Exchange, Bourse de Montréal, and the Sydney Futures Exchange.
Each exchange is trying to generate higher daily trading volumes, and the high-end Compaq systems have the processing capacity necessary to handle growth - and a highly-scalable architecture.
• The Toronto Stock Exchange has bought four Compaq NonStop Himalaya S74000 servers as part of its technology overhaul; they will be used to operate the TSE’s Stamp Gateway and New Trading Engine.
Barbara Stymiest, CEO of TSE, said, “As the Toronto Stock Exchange focuses on our future technology strategy, we need to be sure we have trusted and proven technology partners. Compaq has been just such a partner for many years, and our new Himalaya servers reflect the continuing confidence we have in the company.”
• Bourse de Montréal, which focuses on futures and options, selected NonStop Himalaya S72000 servers to run its SAM (Montréal Automated System). The new SAM accelerates transaction, reduces costs, and creates new capacity for growth.
• The Sydney Futures Exchange will run its new allocation, clearing and settlement application on an array of Compaq AlphaServer DS20E systems running OpenVMS, with fibre channel-based storage area network and Oracle relational database.
NonStop Himalaya and OpenVMS on AlphaServer systems have long been the platforms of choice among the world’s stock exchanges. More than 100 stock exchanges worldwide have deployed these Compaq systems, including 14 of the 15 largest. In the United States, both the New York Stock Exchange and Nasdaq rely on Compaq systems. Worldwide, 95% of all securities transactions are handled by Compaq NonStop Himalaya and OpenVMS on AlphaServer systems.
Andrea Klein, vice president of marketing at Compaq Financial Services, said, “The trading of securities and the settlement of transactions are among the world’s most mission-critical enterprise applications. Our many exchange customers know that Compaq systems - and our aggressive 24 x 7 support - are designed to safeguard every single transaction. These latest wins reflect customer confidence in Compaq’s ability to provide the technology needed for advanced electronic trading in the future.”
Toronto Stock Exchange
The Toronto Stock Exchange is Canada’s premier market for senior equities, accounting for 95% of all equity trading in Canada. In 2000, the exchange handled around CAN$3.7 billion a day in transactions.
Bourse de Montréal
Bourse de Montréal is recognized as the Canadian Derivatives Exchange. It provides both individual and institutional investors with a full range of products adapted to market needs.
Sydney Futures Exchange
Sydney Futures Exchange is a leading financial futures and options exchange in the Asia Pacific region, with 31 million contracts traded last financial year. SFE’s recent merger with Austraclear Ltd makes the combined entity the major provider of clearing, settlement and depository services for all Australian and New Zealand dollar denoted debt securities plus futures, options, OTC debt, NZ equity and commodity products.
About Compaq Computer Corporation
A Fortune Global 100 company, Compaq is the largest supplier of computing systems in the world. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs.