NASDAQ Posts Big Gains With HP Information Lifecycle Management Solution
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NASDAQ lists more companies and generally trades more shares per day than any other U.S. stock market. On a typical day, NASDAQ processes 7.5 million quote updates, 4.2 million trade reports, 2.6 million orders, and 2.3 billion shares – while maintaining one-twentieth of a second response time to traders throughout North America. In June 2004, NASDAQ's systems set a record by processing 16,000 transactions per second. HP NonStop systems deliver industry-leading reliability and continuous uptime to the Market Center, NASDAQ's stocktrading engine.
"The transaction demand on NASDAQ and our technology has risen steadily, even in the bear market of the last several years," notes NASDAQ Executive Vice President and Chief Information Officer Steve Randich. "The market is more electronic, and there's less human involvement."
To meet this demand, NASDAQ turned to HP for the StorageWorks Reference Information Storage System (RISS) solution to help it satisfy the SEC's stringent e-mail retention requirements quickly, automatically, and comprehensively.