ADP/SIS Announces Infrastructure Reinvestment Initiatives.WHEAT RIDGE Wheat Ridge, city (1990 pop. 29,419), Jefferson co., N central Colo., a suburb of Denver; inc. 1969. Chiefly residential, Wheat Ridge is the site of an annual carnation festival. , Colo.--(BUSINESS WIRE)--March 9, 1999--ADP Securities Industry Software (ADP/SIS), a division of Automatic Data Processing's (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) Brokerage Services Group announced today that it has initiated two new strategic infrastructure reinvestment programs that will further enhance overall service levels to its brokerage clients. To improve day-to-day processing, ADP/SIS has just completed the installation of Compaq/Tandem's new S70000 series processors. And, as part of its Business Continuance Services, ADP/SIS has also begun the implementation of its new disaster recovery "hot site" in Boulder Colorado. As a leading provider of securities and information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. solutions, ADP/SIS specializes in serving discount and electronic-based retail brokerages, as well as correspondent clearing, day trading Day trading Establishing and liquidating the same position or positions within one day's trading. and institutional firms. The S70000s are ADP/SIS's new core systems for daily processing of securities transactions, and are replacing the previously used Himalaya systems. These processors will utilize Compaq's Server Net technology and will provide a new configuration with much more processing capacity and memory. This will substantially improve throughput and processing speed, as well as the internal communications within the ADP/SIS systems. "Using the S7000s has already significantly reduced the time frame of our nighttime batch runs allowing ADP/SIS to get data back to its clients much quicker. This gives clients access to data earlier, and more time to analyze and manipulate that data for internal reporting and downloading to customized proprietary applications. Our continued reinvestment in infrastructure has allowed us to stay one step ahead of the continuous growth we're seeing from our expanding client base," stated Leland Stuart, Senior Vice President Processing Services, ADP/SIS. ADP/SIS has also begun the first phase of its new Business Continuance Services (BCS (1) (The British Computer Society, Swindon, Wiltshire, England, www.bcs.org) The chartered body for information technology professionals in the U.K., founded in 1957. ) which includes its new "hot site" in Boulder, Colorado. The hot site will replicate participating clients' databases in real-time, in case of an emergency and will allow for seamless switchovers to occur within minutes, using state-of-the-art replication software offered by Golden Gate Software. Clients will now benefit from expedited recovery times, allowing for continued operations and uninterrupted service. The hot site facility will also include an ADP/SIS-owned Tandem configuration to support production processing of all client participants. This configuration will allow for continuous connectivity, data availability and data integrity testing. "We are committed to providing our clients with the highest level of service possible, and we are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new ways to improve processing efficiency and offer value-added services. This allows clients to focus on business growth initiatives and not day-to-day operations," stated Ted Carl, Senior Vice President/General Manager, ADP/SIS. As the premier provider of transaction processing services to the financial industry, ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Brokerage Services has the capacity and technological expertise to assist its clients with differentiating themselves in the marketplace. ADP Brokerage Services Group (ADP BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin ) brings to financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. advanced, integrated solutions for securities processing, desktop productivity and investor communication services, all backed by Year 2000 readiness and world class customer service. ADP continually uses technological advancements to develop innovative products that meet the long-term business needs of its clients. As a leading outsourcing vendor, ADP BSG is leveraging its position to provide competitive, cost-effective services to its clients worldwide. Automatic Data Processing Same as data processing. , Inc., with over $4.5 billion in annual revenues and more than 425,000 clients, is one of the largest independent computing services firms in the world. For more information about ADP, please visit our web site at (http://www.adp.com) www.adp.com. |
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