China’s Leading Securities Group Selects Alluxio to Enable Faster Insights from Vast Market Data

Huatai Securities uses Alluxio to provide real-time risk analysis, investment recommendations, and innovative new products

San Mateo, California, UNITED STATES

SAN MATEO, Calif., Nov. 28, 2017 (GLOBE NEWSWIRE) -- Alluxio, formerly Tachyon, developer of the world’s first software system that unifies disparate storage systems at memory speed, today announced that Huatai Securities, the leading integrated securities group in China, has selected Alluxio Enterprise as the storage layer to power Huatai’s big data analytics. Alluxio enables Huatai to provide real-time risk analysis, investment recommendations, and innovative new products like data replay services. Huatai, founded in 1991, has more than 7,000 employees providing a wide range of financial services to its clients in China, from investment banking to private equity and wealth management as well as being China’s largest firm in trading securities and bonds.

“Financial organization are increasingly leveraging big data to provide key insights and value to their customers,” said Haoyuan Li, CEO of Alluxio Inc. “Alluxio Enterprise’s memory-centric architecture and enterprise-grade security help Huatai meet its growing need for speed and stability while adhering to regulations and security and governance practices.”

Huatai deploys Alluxio Enterprise as the storage layer that unifies data from disparate sources at memory speed, providing high performance and a predictable SLA for leveraging even petabytes of data. Alluxio gives customers an easy-to-install integrated package, with an administrative interface as well as mission-critical features such as enterprise security, data replication and enterprise-grade support and professional services.

“Analyzing and modeling market data to power advanced products that enable financial services as well as consumer customers to make critical investment decisions is our core business,” said Dr. Fan, Director of Platform Architecture at Huatai. “With the introduction of Alluxio Enterprise, Huatai has successfully built a performant and scalable big data infrastructure to meet the performance and stability requirements across our business.”

With Alluxio Enterprise, Huatai transforms massive amounts of market data consumed daily into valuable insights to analyze market risk and provide investment recommendations. Now Huatai can access, store, and manage data across disparate storage systems on premise and in the cloud at memory speed.

About Alluxio
Alluxio is the world's first system that unifies data at memory speed. By allowing applications to access data stored in disparate storage systems at memory speed, Alluxio enables enterprises to manage data efficiently, accelerate business analytics, and ease the adoption of hybrid clouds. Venture-backed by Andreessen Horowitz, Alluxio, Inc. Alluxio was founded out of UC Berkeley AMPLab by the creators of the Alluxio open source project. For more information, contact or follow us on LinkedIn, Twitter or Facebook.

Editorial Contacts
Joe Eckert for Alluxio