News

Sun upgrade boosts US stock exchange

The US National Stock Exchange (NSX) has upgraded the performance of its trading network with systems from Sun Microsystems.

The upgrade will help NSX handle increased trading volumes as well as better enable it to address data archival needs to comply with recent regulations.

The new system uses Sun Fire servers powered by UltraSparc and AMD Opteron processors, as well as the Sun StorageTek Compliance Archiving System. In addition, Sun's Solaris 10 operating system – used on a combination of Sun Sparc and x64 platforms – will help ensure security, integrity and performance of the overall platform.

NSX said the move would help maintain its position as the most cost-efficient trading venue in the country for Nasdaq, NYSE and Amex-listed stocks, allowing it to compete more effectively with other exchanges domestically and globally.

The overhaul saw older HP-based systems replaced with the Sun kit. Joseph Rizzello, CEO of NSX, said, “This upgrade will allow us to aggressively compete with other exchanges, while giving traders greater options for best execution.”

City prepares to test new trading platform

London Stock Exchange consults over Mifid reporting

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