by Angela Guess
A new article out of IBM reports that "SLIB, a leading software publisher and Application Services Provider for the European financial services industry, has upgraded its IT infrastructure with an innovative new IBM System to streamline and securely process an estimated 15 million stock market orders this year. The company provides cloud services to 50 European and global financial institutions to conduct their securities business. Stock markets create some of the most challenging computing environments of any industry. Financial institutions serving their investment clients must flawlessly execute up to millions of transactions each day, managing massive volumes and varieties of financial data while staying on top of regulatory and security requirements."
The article continues, "To meet these challenges, SLIB selected a new IBM Power 770 system equipped with the new POWER7+ processor. The new system is engineered with the latest data security and privacy technology, easily integrates with SLIB’s cloud environment, and automatically ramps up processing performance to meet extreme financial market workloads including big data and analytics."
photo credit: SLIB