SINGAPORE - HP today announced that Singapore Exchange (SGX), the world's seventh-largest listed exchange, has selected HP Converged Infrastructure technology to enhance trade execution and expand capacity.
To be the premier trading gateway of Asia, SGX will invest $210 million in an organic growth strategy that includes an advanced trading system to ensure a rapid, reliable and accurate experience for customers.
The new, upgraded SGX Reach trading system incorporates HP ProLiant BL 460c G7 server blades and c7000 BladeSystem, NASDAQ OMX trading software, and Mellanox Technologies 40Gb/s InfiniBand adapters and switches. It offers 10 times the capacity of the previous system and enables SGX to cut order-entry latency to less than 90 microseconds. As a result, SGX can deliver increased trading volume, efficiency and accuracy to its customers.
"SGX Reach provides our customers with the world's fastest trading engine and delivers ultra-low latency response times of less than 90 microseconds door to door," said Bob Caisley, chief information officer, SGX. "Such powerful trading capabilities put SGX at the forefront of the Asian marketplace, allowing us to aggressively compete at a global level."
HP ProLiant BL 460c G7 server blades and c7000 BladeSystem are key to creating a converged infrastructure. HP Converged Infrastructure integrates server, storage, networking and power management capabilities in a single, unified platform, providing high-performance and simplified management for data-intensive workloads.
"Given the rising prominence of Asian capital markets, SGX needed an edge to gain international recognition as the premier trading hub of Asia," said Kelly Tan, vice president and managing director, HP Singapore. "HP Converged Infrastructure solutions will help SGX deliver the world's fastest trading engine with the lowest trading latency of any exchange - making the stock exchange more accessible to international
traders, propelling growth and increasing revenue."
HP Converged Infrastructure is a core component of an Instant-On Enterprise. In a world of continuous connectivity, the Instant-On Enterprise embeds technology in everything it does to serve customers, employees, partners and citizens with whatever they need, instantly.
HP's premier client event, HP DISCOVER, takes place Nov. 29 - Dec. 1 in Vienna, Austria. The event showcases how organizations can get started on their Instant-On Enterprise journeys.
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at www.hp.com.
© 2011 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
Lorraine Russell, HP
+1 937 823 6503
Stacey Hoskin, HP
+1 816 429 6477
Hewlett-Packard Asia Pacific
+65 9842 3074