Asia Pacific Stock Exchanges Rely on HP to Bring Speed and Accuracy to Trading Systems
HP announced that an increasing number of Asia Pacific Stock Exchange customers have adopted HP Integrity and NonStop servers and solutions. In a business environment where milliseconds matter, leading stock exchanges in the region are using HP Integrity and NonStop servers to grow their businesses by ensuring that trading transactions occur with the speed and accuracy their customers expect.
HP customers include the following Asia Pacific stock exchanges: Bombay (BSE), Korea (KRX), Shenzhen (SSE) and Singapore (SGX).
Running HP Integrity Superdome Server is the largest derivatives exchange in the world, the Korea Exchange (KRX), whose aging legacy system could no longer meet the needs of a rapid trade closing system. The new system also had to be tailored to cater to KRX’s bond trading system. “We found that it was hard to lead the rapidly changing financial market with the mainframe-based system,” said Kim Kyoung-soo, team leader, Bond System of Stock Market Operations, Korea Exchange. “As new technologies and products continuously come to market, the flexibility and scalability of the system were essential for us.”