Cisco Provides Nexus Data Center Switches for PHLX - Philadelphia-Based Options Trading Exchange
LAS VEGAS, NV--(Marketwire - Jul 15, 2011) - CiscoLive -- Across the global financial markets industry, new trading strategies, fragmented liquidity venues, and requirements for highest trading execution are driving the need for optimal reliability, predictability and ultra-low-latency connected data centers. Delays to transactions -- even fractions of seconds -- can cost millions of dollars, prompting the most successful investment firms to seek out stock exchanges that have the highest performing networks. To meet these needs, The NASDAQ OMX Group, Inc., the world's No. 1 provider of technology to exchanges, clearinghouses and regulators, has selected the Cisco (
NASDAQ OMX PHLX has selected Cisco's Data Center Business Advantage portfolio, the foundation of Cisco's financial markets-specific high performance trading fabric, as the infrastructure for its options trading exchange and its evolving data center architecture. NASDAQ OMX PHLX has deployed the Cisco Nexus 5000 Series Switches and the Nexus 2000 Series Fabric Extender (FEX), which provides scalability and a simplified, single point of management capability.
Additionally, users have seen significant performance improvement, including reduced latency and jitter, and a greater ability to scale capacity while maintaining high-performance. This new Cisco deployment adds to previously deployed financial markets solutions for switching, routing, security and collaboration within other NASDAQ OMX environments.
Cisco serves as a NASDAQ OMX strategic technology provider to ensure continual leading-edge services to the organization's customers, and has collaborated closely with NASDAQ OMX to help ensure its data centers offer growth, scalability, virtualization, and the highest reliability and performance.
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"NASDAQ OMX's close collaboration with Cisco is a journey, not an event," said Lou Modano, head of global infrastructure for NASDAQ OMX. "Cisco's networking and data center architectural expertise, and the depth and breadth of its solution set, provide NASDAQ OMX with a leading-edge foundation for future growth. With Cisco at our side, we never have to go back and re-architect, but can continually use our IT investments to build on our foundation and provide the highest performing services and functionality to our customers. This helps us to provide the best possible trading experience for our customers."
"NASDAQ OMX's data center and networking infrastructure is one of the world's most complex and high-performance trading environments, handling a huge number of financial transactions daily," said John McCool, senior vice president and general manager for Cisco's Core Technology Group. "The deployment of Cisco's innovative networking portfolio at NASDAQ OMX sets the standard for leading-edge data center and scalable networking architectures for customers worldwide, and Cisco is honored to enable NASDAQ OMX's business transformation."
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