Philadelphia Stock Exchange Relies On Solaris 7 for Competitive Advantage.LAS VEGAS--(BUSINESS WIRE)--Dec. 2, 1998-- Values Sun Systems and Enterprise Services for Reliability, Scalability and Superior Application Development Environment Demonstrating leadership in providing reliable, scalable systems to the financial industry, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc. today announced that the Philadelphia Stock Exchange Philadelphia Stock Exchange (PHLX) A securities exchange trading American and European foreign currency options on spot exchange rates. (PHLX PHLX See: Philadelphia Stock Exchange PHLX See Philadelphia Stock Exchange (PHLX). ) plans to complete their deployment of the newly released Solaris(tm) 7 Operating Environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. -- running on Sun's powerful, low cost Ultra(tm) 5 workstations and highly scalable Sun Enterprise(tm) 3000 and 4500 servers -- by the second quarter of 1999. Relying on Sun systems since 1989, the Philadelphia Stock Exchange has experienced year-to-date growth of 40 percent in equity option trading with an all-time record of more than 28 million contracts. "Given the volatility of today's markets, companies like the Philadelphia Stock Exchange, with complex networking needs, require their servers to be highly scalable and continuously available to run mission critical applications without compromise," said Brian Croll, director of marketing for Solaris Software, Sun Microsystems, Inc. "The exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. of the Philadelphia Stock Exchange showcases the ability of Solaris to meet and exceed those needs." Today the Philadelphia Stock Exchange -- consisting of the Equity and Index Options Floor, Currency Options Floor, and Equity Floor -- relies on the Solaris Operating Environment to support hundreds of Sun(tm) workstations and X terminals through 25 Sun servers. Recognizing the need for systems availability, the Philadelphia Stock Exchange has purchased an enterprise services and support agreement with Sun. Additionally, the Philadelphia Stock Exchange uses Sun's industry leading tools to develop proprietary applications for their complex equity, options and currency exchange systems. "Leveraging technology is one of the ways we stay ahead of the competition," said Harry Dewedoff, senior systems administration manager, Philadelphia Stock Exchange. "Solaris has been key to our success -- we depend on its reliability and scalability to meet our growth demands, and its development environment makes it easy for us to develop new applications". Solaris 7 Software Environment For SPARC (Scalable Performance ARChitecture) A family of RISC CPUs from Sun that runs mostly under Sun's Solaris, but also under Linux and BSD operating systems. After development began in the mid-1980s by David Patterson of the University of California at Berkeley and Bill (tm) and Intel computers, the new Solaris 7 product line provides full binary compatibility See binary compatible. with previous releases of Solaris software, enhanced Windows NT interoperability, ease-of-administration and mainframe-class capabilities. It gives customers a new opportunity to deploy a single operating environment, where in the past they typically had to use MVS (Multiple Virtual Storage) Introduced in 1974, the primary operating system used with IBM mainframes (the others are VM and DOS/VSE). MVS is a batch processing-oriented operating system that manages large amounts of memory and disk space. at the high-end, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R) in the mid-range and Microsoft Windows systems at the low-end. For more information on the Solaris 7 product line visit http://www.sun.com/solaris. About Philadelphia Stock Exchange Philadelphia Stock Exchange is the first securities exchange in the United States and is a market leader in the trading of over 2,600 stocks, 830 equity options, 14 sectors index options and 100 currency pairs. Founded in 1790, Philadelphia Stock Exchange is the world's largest exchange-traded marketplace for the trading of currency options. About Sun Microsystems Since its inception in 1982, a singular vision, "The Network Is The Computer(tm)," has propelled Sun Microsystems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ), to its position as a leading provider of high quality hardware, software and services for establishing enterprise-wide Intranets and expanding the power of the Internet. With more than $10 billion in annual revenues, Sun can be found in more than 150 countries and on the World Wide Web at http://www.sun.com. Sun, the Sun logo, Sun Microsystems, Sun Enterprise, Ultra, Solaris, and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. All SPARC trademarks are used under license and are trademarks. UNIX is a registered trademark in the United States and other countries exclusively licensed through X/Open Company, Ltd. |
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