Qatar Exchange picks Red Hat trading platform

Thursday 23 May 2013

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Qatar Exchange picks Red Hat trading platform

Dubai, February 13, 2011

Red Hat, the leading provider of open source solutions, said that the Qatar Exchange has migrated from IBM AIX and Microsoft Windows to Red Hat Enterprise Linux to provide a high-performance trading platform for investors.

With reliable performance and security criteria in mind, Qatar Exchange’s team selected Red Hat as its trusted technology partner, building its mission-critical trading platform and back-office systems on Red Hat Enterprise Linux, Red Hat Network Satellite and Red Hat clustering technologies.

Red Hat's open source strategy has also offered Qatar Exchange a long-term infrastructure roadmap based on open source technologies, which offer robust security and ease of management.

“Qatar Exchange currently executes around 4,000 exchange transactions per day and 12,000 orders per day, making the trading platform a truly mission-critical application that needs to perform reliably under pressure,” said Jassim Bukashisha, IT director at Qatar Exchange.

“Unplanned downtime is not an option, so we need to be confident that we have the right technology partner behind us. Red Hat provided us with an enterprise-class solution that is high in performance, incredibly robust and proven to be secure, all at an affordable price without any compromise on performance.”

In addition to Red Hat, the trading platform ecosystem integrates Oracle to run the trading databases and Tomcat for web user interfaces.

The system runs on HP - DL 380 rack-mounted servers running Intel x86 CPUs, while providing storage by HP - EVA 4400 and SAN switches by Brocade. In addition, trading applications were provided by NYSE Euronext technologies and the system is equipped to run in-house developed applications.-TradeArabia News Service