In the race for speed, leading exchange operator NYSE Euronext has chosen Solarflare, the 10 Gigabit Ethernet (10GbE) leaders, to provide the hardware and software to speed up their next generation data centres.
NYSE Euronext has selected Solarflare’s 10GbE server adapters with EnterpriseOnload™ and their OpenOnloadÂ® software in order to accelerate their trading network.
In a trading world where every lost millisecond can cost $100 million a year, working with the lowest latency system you can acquire is critical. Or from another viewpoint, a millisecond advantage can earn $100 million a year. You can therefore appreciate the importance of this when you consider that between 60%-70% of the New York Stock Exchange volume is electronic with about half of that trading being algorithmic (HFT).
Andrew Bach, senior vice president of network services for NYSE Euronext, said that Solarflare delivers unparalleled innovation with ‘the highest-performance, lowest-latency hardware’ as well as being able to deliver quickly and efficiently with no need for applications to be re-written.
Solarflare are equally as pleased at having been chosen. Russell Stern, CEO at Solarflare said “This is a big win for us. We’re proud to have such a prestigious technology company like NYSE Euronext select Solarflare.”
“Since our solutions are easy to adopt and deploy, we increase our customer’s time to revenue. Customers can move from the proof of concept testing to a full production deployment in a matter of days.” He added.
NYSE Euronext exchanges in the US and Europe trade in equities, futures, options, fixed income and exchange traded products and is the only exchange operator listed in the Fortune 500. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading.
The Irvine, California based Solarflare provides intelligent, application aware I/O products to help improve performance in such areas as high frequency trading, high performance computing, cloud, virtualization and big data.