Red Hat, HP, Intel and Reuters Enable Financial Services To Leap Ahead With 1.8 Million Real-Time Market Data Updates Per Second on RMDS 6.0.Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Leader Benefits from Industry-Leading Performance With Red Hat Enterprise Linux Red Hat Enterprise Linux (often abbreviated to RHEL) is a Linux distribution produced by Red Hat and targeted toward the commercial market, including mainframes. Red Hat commits to supporting each version of RHEL for 7 years after its release. , HP ProLiant Server and Dual-Core Intel Xeon Processor-Based Platforms RALEIGH, N.C. -- Red Hat (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 : RHAT RHAT Red Hat (stock symbol) RHAT Rainwater Harvesting Association of Tanzania RHAT Register Hba Attributes ), the world's leading provider of open source solutions to the enterprise, today announced business-changing throughput and latency performance numbers for Reuters Market Data System (RMDS RMDS Reuters Market Data System RMDS Rocky Mountain Dressage Society RMDS Report Management and Distribution System RMDS Regional Micro-Disarmament Standards RMDS Remote Medical Diagnosis System RMDS Regional Material Distribution System ) 6.0. In recent performance tests conducted by Technology Business Development Corporation (tbdCorp), RMDS 6.0 surpassed previous benchmarks and demonstrated its ability to leverage the power and performance of Red Hat Enterprise Linux running on the Dual-Core Intel Xeon processor-based HP ProLiant DL380 server. Now Reuters can consistently push out the ever-expanding volume of market data at more than 1.8 million updates per second. "We are thrilled to work closely with Reuters, HP and Intel as we deliver such impressive performance numbers to the financial industry," said Tim Yeaton, Senior Vice President of Worldwide Marketing and General Manager of Enterprise Products, Red Hat. "By continuing our work with these industry leaders, we will ensure that Reuters Market Data System (RMDS) 6.0 on Red Hat Enterprise Linux continues to provide the stability, performance and value that our customers expect from us." Algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of is a race as the financial services industry tries to develop sophisticated strategies and then beat the competition by capturing, analyzing and acting on information as it appears. The quicker the systems, the better trading desks will perform. This increasingly prevalent form of securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the is radically changing the market data business through dramatic growth in volume, forcing data providers to focus on extremely low market data latency See latency. at extremely high message volumes. "After running some exploratory tests of Reuters Market Data System (RMDS) 6.0 on the latest Intel Xeon processors using Red Hat Enterprise Linux 4, I was very impressed with the results," said Peter Lankford, President, Technology Business Development Corporation. "We have now run the complete suite of official Reuters benchmark tests on a two-socket system from HP. In the most extreme benchmark of RMDS fanout, a basic RMDS configuration consistently pushed out over 1.8 million updates per second, and preliminary tests on a configuration designed to exploit multiple cores exceeded 3 million updates per second. In terms of latency, we saw sub-millisecond response times at up to 300,000 updates per second. Securities firms are going to find this new system very helpful in dealing with today's real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. management challenges." RMDS on Linux joins the best components from the two most popular market data systems today - Reuters Triarch and the TIB See NIST binary. Market Data Distribution System - to manage financial content in real-time across the trading environment with a high degree of scalability and resilience. By deploying Red Hat Enterprise Linux, Reuters can realize all the benefits of open source and the optimal performance that the financial services industry demands in its latency race. "Reuters is delighted that speeds in excess of 1.8 million updates per second have been achieved with Reuters Market Data System (RMDS) 6.0," said Michael Parlapiano, Executive Vice President of Enterprise Information Management Solutions, Reuters. "These speeds show we can deliver solutions that allow our customers to stay on top of millisecond-to-millisecond market changes and take advantage of the performance benefits we see in the next-generation systems being delivered today." "We are pleased to see the phenomenal results of the Reuters Market Data System (RMDS) 6.0 solution on the new Dual-Core Intel Xeon processor-based servers that deliver twice the performance and three times the power efficiency over previous generation platforms," said Doug Fisher
Douglas Mason (Doug) Fisher (born September 19 1919) is a retired Canadian political columnist and former politician. , Intel General Manager, Software and Solutions Group. "This is the result of our working with the Linux community and engineering collaboration with Reuters, Red Hat and HP to optimize and deliver robust, high-performance solutions that bring value to our financial customers." "Working with its partners, HP is helping trading desks process and analyze geometrically expanding quantities of data to make the solid business decisions demanded by customers," said Ron Eller, Vice President and General Manager, Enterprise Solutions Alliances, Hewlett Packard Company. "The Reuters Market Data System (RMDS) 6.0 benchmark represents a significant proof point in helping financial services trading firms gain a competitive edge with unmatched access to real-time market information." About Red Hat, Inc. Red Hat, the world's leading open source solutions provider, is headquartered in Raleigh, NC with satellite offices spanning the globe. The most trusted name in open source, CIOs and other senior-level IT executives have ranked Red Hat as the industry's most valued vendor for two consecutive years in the CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Insight Magazine Vendor Value study. Red Hat is leading Linux and open source solutions into the mainstream by making high-quality, low-cost technology accessible. Red Hat provides an operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. platform, Red Hat Enterprise Linux, along with applications, management, and middleware solutions, including JBoss Enterprise Middleware Suite. Red Hat is accelerating the shift to service-oriented architectures and enabling the next generation of web-enabled applications running on a low-cost, secure open source platform. Red Hat also offers support, training and consulting services to its customers worldwide and through top-tier partnerships. Red Hat's open source strategy offers customers a long term plan for building infrastructures that are based on and leverage open source technologies with a focus on security and ease of management. Learn more: http://www.redhat.com Forward Looking Statements Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and potential for infringement or breach of license claims regarding third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; adverse results in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; the dependence on key personnel as well as other factors contained in in our most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations". In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. LINUX is a trademark of Linus Torvalds Linus Benedict Torvalds (born December 28 1969 in Helsinki, Finland) is a Finnish software engineer best known for initiating the development of the Linux kernel. . RED HAT and JBOSS are registered trademarks of Red Hat, Inc. and its subsidiaries in the US and other countries. |
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