Fidessa certifies new Intel chipset for its market leading, high performance architecture
London - 1st April 2009: Fidessa group plc (LSE: FDSA), provider of award winning, high performance trading, market data, compliance and global connectivity solutions for all tiers of the financial markets community, has today announced the completion of its testing and certification of the new Intel® Xeon® 5500 platform for the Fidessa product suite. As part of this process, Fidessa found that the new Intel chips offered significant improvements in speed and power consumption over the current offerings from leading manufacturers.
Fidessa's products and services have long been the benchmark for financial technology suppliers, and are used by many of the world's largest financial institutions. Fidessa's reputation and proven track record for offering market-leading, high performance and low-latency solutions to these most demanding of clients is well established.
Philip Beevers, Chief Architect at Fidessa, comments: "To maintain our market- leading position, we always ensure we are at the forefront of technological innovation, and evaluating new hardware solutions from suppliers like Intel for our products is a key part of this. As part of our certification of the Xeon 5500 chipset, using the Solaris operating system, we saw our benchmark 'trading transaction' throughput test run twice as fast as on the current fastest processors, achieving a sustained level of over 7,000 orders per second. In addition, the comparatively low power consumption of these processors for this level of performance makes them an extremely attractive proposition for efficient and cost effective use in data centres."
Nigel Woodward, Global Director of Financial Services at Intel, adds: "At Intel we have been focused on the front office trading space, and how our technologies can contribute to key functions across the trade life cycle. From buy-side to sell-side we see Fidessa as a leading service provider in this space, and hence to achieve these superb performance results on our new Xeon 5500 series processors is an excellent entry to the market for the new architecture - showing that it can have a tangible impact on trading profitability."
Fidessa's high performance solutions serve over 22,000 users across 630 clients globally and are used by 85% of the largest financial institutions around the world.PDF (0.07 MB)