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China’s Huatai Securities Selects Alluxio

For providing real-time risk analysis, investment recommendations, and new products
This is a Press Release edited by StorageNewsletter.com on 2017.12.04

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Alluxio, Inc., formerly Tachyon, developer of a software system that unifies disparate storage systems at memory speed, announced that Huatai Securities Co., Ltd., an integrated securities group in China, has selected Alluxio Enterprise as the storage layer to power Huatai's big data analytics.

Alluxio enables Huatai to provide real-time risk analysis, investment recommendations, and products like data replay services.

Huatai, founded in 1991, has more than 7,000 employees providing a range of financial services to its clients in China, from investment banking to private equity and wealth management as well as being China's largest firm in trading securities and bonds.

"Financial organization are increasingly leveraging big data to provide key insights and value to their customers," said Haoyuan Li, CEO, Alluxio. "Alluxio Enterprise's memory-centric architecture and enterprise-grade security help Huatai meet its growing need for speed and stability while adhering to regulations and security and governance practices."

Huatai deploys Alluxio Enterprise as the storage layer that unifies data from disparate sources at memory speed, providing performance and a predictable SLA for leveraging even petabytes of data. Alluxio gives customers an integrated package, with an administrative interface as well as mission-critical features such as enterprise security, data replication and enterprise-grade support and professional services.

"Analyzing and modeling market data to power advanced products that enable financial services as well as consumer customers to make critical investment decisions is our core business," said Fan, director of platform architecture, Huatai. "With the introduction of Alluxio Enterprise, Huatai has successfully built a performant and scalable big data infrastructure to meet the performance and stability requirements across our business."

With Alluxio Enterprise, Huatai transforms massive amounts of data consumed daily into valuable insights to analyze market risk and provide investment recommendations. It can access, store, and manage data across disparate storage systems on premise and in the cloud at memory speed.

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Allowing big data compute framework to access data in any storage system at memory speed
2016.11.04 | Press Release

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