An IBM Power 770 with the new POWER7+ processor with handle 15 million stock market orders for 50 financial institutions in 2013.
IBM mentioned that its midrange and high-end POWER7+ servers were selling well earlier this month, and here's a proof point: SLIB, a software publisher and Application Services Provider for the European financial services industry, has upgraded its IT infrastructure with a new IBM Power 770 system that's set to securely process an estimated 15 million stock market orders this year, IBM reports. SLIB, based in Paris, provides cloud services to 50 European and global financial institutions. The new systems will integrate with SLIB’s cloud environment and automatically ramps up processing performance to meet extreme financial market workloads.
"SLIB clients require the very best financial markets and shareholder services technologies that support their core business strategies. IBM Systems technology helps our company guarantee the highest service levels for our clients, giving us a competitive advantage over other companies that do not invest in innovation. Moreover, the built-in scalability and flexibility of the new Power Systems servers allow us to commit with new clients under very short deadlines," notes Philippe Cognet, CEO of SLIB.
Designed specifically for compute intensive workloads such as those required by financial markets, the Power 770, combined with IBM Content Manager, WebSphere MQ
, and Sterling software
, supports environments with high volumes of sensitive data. As a result, SLIB can securely handle millions of securities transactions for each client such as orders and trades, clearing and settlements, and stockholder meeting votes, IBM reports.
"SLIB is finding new ways to grow and lead with IBM technology in a highly competitive industry that is constantly changing," notes Alain Henry, vice president of the Systems and Technology Group for IBM France. "Our companies have collaborated on the premise of innovation driving growth for over 20 years, keeping a sharp eye on evolving client needs."