National Stock Exchange Chooses HP
Getting 3par StoreServ storage system
This is a Press Release edited by StorageNewsletter.com on June 4, 2013 at 3:18 pmHewlett-Packard Development company, L.P. announced
that the National Stock Exchange, Inc. (NSX),
the first all-electronic stock exchange in the US, chose HP 3PAR StoreServ
Storage to lower storage operating costs and reduce database query and
regulatory reporting time.
The NSX was experiencing rising maintenance costs while dealing with time-consuming
operational tasks due to its legacy infrastructure. The exchange needed an
efficient storage platform that would simplify management and reduce TCO while
improving regulatory and business intelligence reporting.
Upgrading to 3PAR StoreServ Storage, combined with NSX’s new HP ProLiant
server infrastructure, improved daily report processing by 50%, which resulted
in an increase of overall staff productivity. NSX now completes complex
database queries five times faster than with its legacy system. As a result,
executives gain real-time operational insight into the market performance while
ensuring proper regulatory surveillance over all trading activities.
"Reducing administration costs and
time spent on operational tasks requires an easy-to-manage storage system with
performance throughput that outmatches the intensive data requirements of a
stock exchange," said Bruce Kulback, CIO, National Stock Exchange.
"HP Converged Storage lowered our
data center costs and boosted application performance, which enabled us to
reduce time spent on reporting and instead focus resources on improving our
trading services."
3PAR StoreServ Storage, component
of HP Converged Storage, has enabled
NSX to:
- Lower data center TCO with 3PAR Thin Provisioning Software by
allowing the pooling of physical storage resources for increased capacity
utilization and reduced initial capital expenses with the flexibility to
add capacity as needed in the future. - Increase efficiency with 3PAR Thin
Built-In ASIC zero-detection capabilities along with 3PAR Adaptive Optimization
software to reclaim unused capacity and rebalance system
resources for real-time storage optimization. - Minimize data center energy and infrastructure costs by shrinking storage
footprint 33%. - Reduce risk of downtime with a highly available clustered
design, remote replication to DR sites, and persistent technologies that enable
none disruptive online system upgrades and system performance monitoring. - Boost
business productivity with active data volumes on each controller, which
increases performance throughput to 8GB/s, double the rate of NSX’s previous
storage system.
"The increasing complexity of
securities industry regulations are straining legacy storage systems that are
unable to deliver application performance required for efficient data reporting
demands," said Chris Riley, VP, US, storage, HP. "Dramatic system performance improvements
delivered by HP 3PAR StoreServ Storage have increased NSX’s business
productivity while reducing storage management, enabling executives to focus
more on innovation and less on administration."