Client:

One of the oldest stock exchanges in the U.S.

Challenge:

When the client considered migrating to the Stratus^® ftServer^® V Series system, two issues first needed to be addressed — providing trading customers with the most up-to-date information possible and having the capacity to handle expected increases in transaction volumes.

The stock exchange conducts most of its business electronically. Therefore its electronic options trading application, which receives and distributes real-time quotation and trade data from the Options Price Reporting Authority (OPRA) data feeds, must perform flawlessly during the trading day. Anything less could result in significant financial losses for trading clients.

Furthermore with data rates (quotes/second) expected to more than triple by the end of 2006 and continue to rise through 2007, the exchange required a thorough review of the application to understand the maximum capacity available once it was migrated onto the Stratus system.

Solution:

After analyzing the application in-depth, the Stratus Solutions Services team optimized the software to perform at maximum efficiency and ensure that the trading clients receive the most timely data available. The team also provided the stock exchange with information that enables it to plan early for those system enhancements that will be needed to cope with the 2007 volume projections.

Result:

The exchange is able to plan far in advance to address capacity needs, saving time and money while preventing customer satisfaction issues.