Fox River Arms Itself with a Texas Memory Systems' Solid State Disk to Win Stock Trading Battles
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Texas Memory Systems' RamSan solid state disk is deployed by Fox River Financial Resources to accelerate their Oracle-based system for rapidly gathering and analyzing time-critical market data.
Houston, TX December 12, 2006 -- Texas Memory Systems, Inc., makers of the World's Fastest Storage®, announced that Fox River Financial Resources, a highly-skilled stock trading company, has successfully accelerated its Oracle database with a RamSan solid state disk to gain a competitive advantage in the highly competitive stock trading arena.
Fox River electronically trades equities, options and futures for top-tier institutional investors. Fox River promises clients trade executions at a set price that is better than they can obtain themselves, thus increasing the profit on trades. To trade competitively Fox River depends on its proprietary Oracle-based software system to rapidly gather and analyze market data. This computing system maintains in excess of 20 terabytes of data.
"The RamSan has greatly improved our transactional ability so we can deal with more customers and a lot more transactions," said James Moskalik, Director of Technology Services at Fox River. "Without the RamSan, it wouldn't be possible to capture rapidly incoming options tick data. Overall, Fox River has gained significant competitive advantage thanks to its investment in a Texas Memory Systems solid state disk."
Solid state disks are typically used alongside traditional storage to allow IT managers and database administrators to increase the number of concurrent users and simultaneous transactions without adding servers, RAM, or monolithic RAID. The Texas Memory Systems RamSan-400 used by Fox River can deliver 400,000 I/Os per second, 3,000 megabytes per second of bandwidth, and sub-15 microsecond response time.
"Technology is used as a weapon," added Mr. Moskalik. "We are pitting our technology against our competitors. In this business, you really do live and die by how good your technology is. Milliseconds make a difference here. For example, one of our batch processes went from over 3 hours to under 20 minutes when we moved to the RamSan."
A more detailed case study of Fox River's use of a solid state disk for competitive advantage is available on the Texas Memory Systems web site: www.texmemsys.com.
About Fox River
Fox River Financial Resources is a privately held trading company that provides multiple trading services for equities, options and futures. They also offer algorithmic execution for a diverse client base of institutions, hedge funds and broker dealers. Fox River delivers a superior service to clients by combining the best mathematical minds, trader talent and technology. More information is available by sending an email to info @ foxriver.com.
About Texas Memory Systems
Texas Memory Systems (http://www.texmemsys.com) manufactures the World's Fastest Storage® and is the market leader in solid state disk technology. Their RamSan line of solid state storage is used to accelerate enterprise applications like OLTP databases, batch processes, and data warehouses, modeling and video editing up to 2500%. Founded in 1978, they sell direct to large enterprise and government organizations. They also sell through OEM and reseller partners.
Press Contact: AGNES LAMONT
Company Name: Texas Memory Systems
Email: email protected from spam bots
Phone: 925-426-0488
Website: www.texmemsys.com
