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Stock Exchanges in Asia Pacific and Across the Globe Run Mission Critical Applications on Red Hat Enterprise Linux

by david.nunes

Stock Exchanges in Asia Pacific and Across the Globe Run

Mission Critical Applications on Red Hat Enterprise Linux

Trusted for Security, Reliability and Performance


Singapore – 30 June 2011 – Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that stock exchanges across the Asia Pacific region have chosen Red Hat as the preferred technology partner to power their trading platforms. Red Hat Enterprise Linux gives enterprises reassurance by delivering security, scalability, reliability and performance, enabling enterprises to focus on building their businesses. Over 50 percent of the world’s trading volume is powered by Red Hat. A sampling of Red Hat’s stock exchange customers in the Asia Pacific region include Singapore Exchange (SGX), The Philippine Stock Exchange, Inc. (PSE), Lahore Stock Exchange (LSE) in Pakistan, National Commodities & Derivatives Exchange Limited (NCDEX) in India, Hong Kong Stock Exchange and Tokyo Stock Exchange (TSE).


“Red Hat’s advanced and innovative open source solutions have become the trusted platform to power mission-critical trading applications. Stock exchanges in 22 countries across the globe, 10 of which are from Asia Pacific, are powered by Red Hat,” said Dirk-Peter van Leeuwen, Vice President, Red Hat Asia Pacific. “As the backbone of each country’s economy, these stock exchanges have put their trust in Red Hat’s promise to deliver on performance, reliability, security and scalability. Red Hat solutions give stock exchanges the competitive advantage they need in order to compete in today’s markets as well as in the future.”


One of Red Hat’s key clients in the Asia Pacific region is SGX, which as of May 2011 has 779 listed companies, a market capitalization of SGD $901 billion and a monthly trading volume of approximately 21.6 billion shares. In order to cope with the sheer trading volume, Singapore Exchange had announced earlier this year that it would be launching the world’s fastest trading engine, SGX Reach, built on the scalability and robustness of Red Hat Enterprise Linux. This new trading platform can handle one million order book changes per second per partition, a capacity that is a hundred times that of the existing engine.


“To enhance SGX’s position as the Asian Gateway, we are launching the world’s fastest trading engine to connect investors and companies to global capital and growth in Asia.  We are pleased to have Red Hat as a partner to make this possible,” said Bob Caisley, Chief Information Officer, SGX.


PSE was in search of a more robust and reliable replacement to its legacy trading system that will support the growing business of the company and the demand for speed and higher transaction volume. After implementing Red Hat Enterprise Linux, the PSE was able to double its transaction volume with no degradation in system performance. 


“Red Hat is easy to deploy, install and manage. We are really impressed with the performance of the solutions. Our transaction volume has doubled since the partnership started. The solutions offered have directly impacted on our ability to increase customer satisfaction. This augurs well for us as we foresee strong growth in online trading,” said Tristan Gillego, officer in charge of the  Technology Division of the PSE.


TSE built a new, next-generation trading system called “arrowhead” in order to keep up with expanding trading activities and changing forms of trading methods. The system was designed to combine low latency with high reliability to accommodate diverse products, trading rules and changes within a short time window. Launched on January 4, 2010, “arrowhead” handles the auction trading of all of TSE’s cash products, including stocks and convertible bonds. As TSE had already used Red Hat Enterprise Linux as the operating platform of its derivatives trading system, TSE turned to it again as a base for building a trading system that offered higher reliability and improved performance.


“With our new ‘arrowhead’ trading platform and its millisecond distribution speeds, we have achieved a new level of technology innovation for Tokyo Stock Exchange,” said Yoshinori Suzuki, senior managing director and CIO at TSE. “The high performance, scalability and reliability offered by Red Hat Enterprise Linux, combined with Fujitsu’s solid system construction and the services on its server platforms, have provided the technology advances necessary to meet our mission-critical system demands.”


Gartner predicts that by 2016 open source software will be included in mission-critical software portfolios within 99 percent of the Global 2000 enterprises, up from 75 percent in 2010.  Also by 2016, Gartner predicts that 50 percent of leading non-IT organizations will use open source as a business strategy to gain competitive advantage.


For more information about Red Hat, visit www.redhat.comFor more news, more often, visit www.press.redhat.com.



About Red Hat, Inc.

Red Hat, the world’s leading provider of open source solutions and an S&P 500 company, is headquartered in Raleigh, North Carolina, USA, with over 65 offices spanning the globe. CIOs ranked Red Hat as one of the top vendors delivering value in Enterprise Software for seven consecutive years in the CIO Insight Magazine Vendor Value survey. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with virtualization, applications, management and Services Oriented Architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: www.redhat.com.



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