Winterflood Securities has become the first UK firm to implement Cisco's Unified Computing System (UCS) to improve data throughput at lower cost.
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London-based Winterflood covers major financial markets worldwide and trades in around 10,000 instruments, including all UK equities, EU & North American stocks, funds, covered warrants, derivative products, gilts and bonds. With data links to each market, the company regularly processes 250 million market data updates a day, with peaks often passing 30,000 updates in a second.
The installation by IT reseller Logicalis will help Winterflood cope with an increasing processing load that has grown tenfold in three years.
Wayne Davies, the Winterflood's manager for networks and infrastructure, said, "The accuracy and speed of our data processing is intrinsically linked to client and company profitability."
He said the sheer volume of data processed and value transacted made Winterflood's IT infrastructure mission-critical.
"Platform performance, resilience, and stability are essential for our traders, as is the ability to flex and scale according to market requirements," Davies said. "Solutions to accelerate data processing and automate and simplify IT operations play an important role in mitigating risk to the business."
Cisco won the competitive analysis. With Logicalis, Winterflood did due-diligence studies of a number of technologies, prioritising space, power and cost as key differentiators.