Unisys has provided Web-based access for electronic stock traders to link into London-based Pershing`s trading services with its new ClearPath and ES7000 servers.
Pershing, a trading and investment company, provides wholesale securities trading, clearing and settlement services to more than 90 European institutions at over 120 locations. Pershing is taking advantage of the ClearPath server`s capacity-on-demand capability, which enables its customers to purchase extra computing capacity.
The ClearPath capacity-on-demand feature provides a 25% performance boost. In addition, the proven performance and reliability of the Pershing electronic stock trading system is made available to brokerages anywhere, now that Pershing is expanding access to trading tools via the Internet with the Unisys ClearPath and ES7000 servers.
"Utilities built into the Unisys e-@ction enterprise application development environment enable Pershing to create interfaces for presenting ClearPath solutions to users over the Internet," says Allan Currie, director, systems and technology division, Unisys Africa. "These tools are used in conjunction with the latest Microsoft .Net technologies in the Windows 2000 environment to develop faster, more effective Web-based access for its customers."
Pershing`s new ClearPath NX6834 enterprise server will support development and maintenance of its core trading systems to which Pershing will provide Web-based databases, hosted on a Unisys ES7000 Intel-based server.
"Few business processes are as sensitive to users` needs for absolute availability of information and ease of access, as those in the securities industry," says Currie. "In an ongoing commitment to enhancing the user`s trading experience through technology, Pershing is combining the latest Web access tools with the time-tested reliability of ClearPath to ensure smooth, simple, uninterrupted trading around the clock. This enables clients to process transactions straight through Pershing."
A second Unisys ES7000 server placed at a different site will provide business continuity and backup for Pershing`s primary trading system to ensure that customers` access to trading tools remains uninterrupted, even in the unlikely event that Pershing`s core production system should fail. Resilience is further bolstered with EMC Symmetrix enterprise information storage systems and Symmetrix Remote Data Facility (SRDF) software for duplicating production data on a separate Symmetrix system.
"While the capacity-on-demand concept is emerging among server vendors as a customer incentive, Unisys ClearPath users have been able to opt for this arrangement for years," says Currie. "As a result, Pershing has on hand the power it may need for unforeseen surges in processing demand, keeping operations flowing smoothly without paying for performance needed only at irregular intervals."
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