service for financial institutions
London - Reuters (London: RTR.L), the global information company today announced that Reuters Market Data System (RMDS) is now available on
IntelÂ®-based industry-standard HP ProLiant servers running Red Hat Linux
Advanced Server. Through an alliance with HP, Intel Corporation and Red Hat,
Reuters can now support financial institutions that are interested in moving
to Intel-based systems and Linux to reduce cost and improve the flexibility
and performance of their market data platforms.
RMDS on Linux is the first major commercial example of the open systems movement in financial services thus far, and is gaining ground quickly among financial institutions by providing an alternative to proprietary operating systems. Initial testing on RMDS revealed that performance on a Linux based system was between two and five times greater than that of a competing Unix platform.
RMDS integrates the crucial real-time data and news that a financial institution uses to make its trading decisions and interact with the markets. The system delivers information to thousands of users and applications throughout the institution and across the Internet. RMDS combines the best elements of the most widely installed market data systems, Reuters Triarch and the TIB Market Data Distribution System, while enhancing them with components that improve cost of ownership, scalability, and business flexibility.
The four alliance partners collectively participated in the porting, testing
and optimisation of RMDS on HP ProLiant servers running Red Hat Linux Advanced Server, powered by IntelÂ® Xeon(tm) processors.
"Increasingly, the financial services industry is deploying Linux systems
because of the price/performance benefits over Unix/RISC, the ease of
porting applications from Unix to Linux and the flexibility and lack of
vendor lock-in of a Linux solution," according to Stacey Quandt, Research
Analyst, Giga Information Group.
Peter Lankford, Head of Real-Time Content Management Solutions, Reuters said, "Customers see RMDS on Linux as an important way to reduce their costs of operation, while improving operational efficiencies. By working with HP, Intel and Red Hat on this project from inception, we can ensure that RMDS on Linux provides the stability, performance, and integrity that our customers have come to expect from Reuters."
"HP is the worldwide market share leader for Linux-based server shipments
and offers the most comprehensive portfolio of Linux solutions for the enterprise," said Judy Chavis, Worldwide Linux Director, HP Industry Standard Servers. "By choosing HP ProLiant servers, Reuters can confidently offer customers RMDS on Linux with the economic benefits of industry-standard computing."
"The delivery of open, standards-based technology is essential to lowering
costs, improving choice and increasing performance of financial services
solutions," said Deborah Conrad, Vice President, Intel Solutions Market
Development Group. "With the introduction of RMDS for Intel-based HP
ProLiant servers, Reuters is offering its customers, and the financial
services industry a cost-effective and high performance infrastructure for
managing market data."
"Red Hat has demonstrated that customers migrating to our Advanced Server
platform can dramatically increase the capacity and performance of their
pricing and trading systems," said Mike Evans, Vice President of Business
Development at Red Hat. "Through this partnership, Reuters can now meet
this increased demand and continue to provide the quality that customers
have come to expect when using RMDS."