Red Hat, HP, Intel and Reuters Enable Financial Services To Leap Ahead With 1.8 Million Real-Time Market Data Updates Per Second
03 October 2006 - 10:00PM
Business Wire
Red Hat (NASDAQ: RHAT), the world's leading provider of open source
solutions to the enterprise, today announced business-changing
throughput and latency performance numbers for Reuters Market Data
System (RMDS) 6.0. In recent performance tests conducted by
Technology Business Development Corporation (tbdCorp), RMDS 6.0
surpassed previous benchmarks and demonstrated its ability to
leverage the power and performance of Red Hat Enterprise Linux
running on the Dual-Core Intel Xeon processor-based HP ProLiant
DL380 server. Now Reuters can consistently push out the
ever-expanding volume of market data at more than 1.8 million
updates per second. "We are thrilled to work closely with Reuters,
HP and Intel as we deliver such impressive performance numbers to
the financial industry," said Tim Yeaton, Senior Vice President of
Worldwide Marketing and General Manager of Enterprise Products, Red
Hat. "By continuing our work with these industry leaders, we will
ensure that Reuters Market Data System (RMDS) 6.0 on Red Hat
Enterprise Linux continues to provide the stability, performance
and value that our customers expect from us." Algorithmic trading
is a race as the financial services industry tries to develop
sophisticated strategies and then beat the competition by
capturing, analyzing and acting on information as it appears. The
quicker the systems, the better trading desks will perform. This
increasingly prevalent form of securities trading is radically
changing the market data business through dramatic growth in
volume, forcing data providers to focus on extremely low market
data latency at extremely high message volumes. "After running some
exploratory tests of Reuters Market Data System (RMDS) 6.0 on the
latest Intel Xeon processors using Red Hat Enterprise Linux 4, I
was very impressed with the results," said Peter Lankford,
President, Technology Business Development Corporation. "We have
now run the complete suite of official Reuters benchmark tests on a
two-socket system from HP. In the most extreme benchmark of RMDS
fanout, a basic RMDS configuration consistently pushed out over 1.8
million updates per second, and preliminary tests on a
configuration designed to exploit multiple cores exceeded 3 million
updates per second. In terms of latency, we saw sub-millisecond
response times at up to 300,000 updates per second. Securities
firms are going to find this new system very helpful in dealing
with today's real-time data management challenges." RMDS on Linux
joins the best components from the two most popular market data
systems today - Reuters Triarch and the TIB Market Data
Distribution System - to manage financial content in real-time
across the trading environment with a high degree of scalability
and resilience. By deploying Red Hat Enterprise Linux, Reuters can
realize all the benefits of open source and the optimal performance
that the financial services industry demands in its latency race.
"Reuters is delighted that speeds in excess of 1.8 million updates
per second have been achieved with Reuters Market Data System
(RMDS) 6.0," said Michael Parlapiano, Executive Vice President of
Enterprise Information Management Solutions, Reuters. "These speeds
show we can deliver solutions that allow our customers to stay on
top of millisecond-to-millisecond market changes and take advantage
of the performance benefits we see in the next-generation systems
being delivered today." "We are pleased to see the phenomenal
results of the Reuters Market Data System (RMDS) 6.0 solution on
the new Dual-Core Intel Xeon processor-based servers that deliver
twice the performance and three times the power efficiency over
previous generation platforms," said Doug Fisher, Intel General
Manager, Software and Solutions Group. "This is the result of our
working with the Linux community and engineering collaboration with
Reuters, Red Hat and HP to optimize and deliver robust,
high-performance solutions that bring value to our financial
customers." "Working with its partners, HP is helping trading desks
process and analyze geometrically expanding quantities of data to
make the solid business decisions demanded by customers," said Ron
Eller, Vice President and General Manager, Enterprise Solutions
Alliances, Hewlett Packard Company. "The Reuters Market Data System
(RMDS) 6.0 benchmark represents a significant proof point in
helping financial services trading firms gain a competitive edge
with unmatched access to real-time market information." About Red
Hat, Inc. Red Hat, the world's leading open source solutions
provider, is headquartered in Raleigh, NC with satellite offices
spanning the globe. The most trusted name in open source, CIOs and
other senior-level IT executives have ranked Red Hat as the
industry's most valued vendor for two consecutive years in the CIO
Insight Magazine Vendor Value study. Red Hat is leading Linux and
open source solutions into the mainstream by making high-quality,
low-cost technology accessible. Red Hat provides an operating
system platform, Red Hat Enterprise Linux, along with applications,
management, and middleware solutions, including JBoss Enterprise
Middleware Suite. Red Hat is accelerating the shift to
service-oriented architectures and enabling the next generation of
web-enabled applications running on a low-cost, secure open source
platform. Red Hat also offers support, training and consulting
services to its customers worldwide and through top-tier
partnerships. Red Hat's open source strategy offers customers a
long term plan for building infrastructures that are based on and
leverage open source technologies with a focus on security and ease
of management. Learn more: http://www.redhat.com Forward Looking
Statements Certain statements contained in this press release may
constitute �forward-looking statements� within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements provide current expectations of future events based on
certain assumptions and include any statement that does not
directly relate to any historical or current fact. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including:
risks related to the integration of acquisitions; the ability of
the Company to effectively compete; the inability to adequately
protect Company intellectual property and potential for
infringement or breach of license claims regarding third party
intellectual property; risks related to data and information
security vulnerabilities; ineffective management of, and control
over, the Company's growth and international operations; adverse
results in litigation; the dependence on key personnel as well as
other factors contained in in our most recent Annual Report on Form
10-K (copies of which may be accessed through the Securities and
Exchange Commission's website at http://www.sec.gov), including
those found therein under the captions �Risk Factors� and
�Management�s Discussion and Analysis of Financial Condition and
Results of Operations�. In addition, the forward-looking statements
included in this press release represent the Company's views as of
the date of this press release and these views could change.
However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of the press release. LINUX is a trademark of Linus Torvalds.
RED HAT and JBOSS are registered trademarks of Red Hat, Inc. and
its subsidiaries in the US and other countries. Red Hat (NASDAQ:
RHAT), the world's leading provider of open source solutions to the
enterprise, today announced business-changing throughput and
latency performance numbers for Reuters Market Data System (RMDS)
6.0. In recent performance tests conducted by Technology Business
Development Corporation (tbdCorp), RMDS 6.0 surpassed previous
benchmarks and demonstrated its ability to leverage the power and
performance of Red Hat Enterprise Linux running on the Dual-Core
Intel Xeon processor-based HP ProLiant DL380 server. Now Reuters
can consistently push out the ever-expanding volume of market data
at more than 1.8 million updates per second. "We are thrilled to
work closely with Reuters, HP and Intel as we deliver such
impressive performance numbers to the financial industry," said Tim
Yeaton, Senior Vice President of Worldwide Marketing and General
Manager of Enterprise Products, Red Hat. "By continuing our work
with these industry leaders, we will ensure that Reuters Market
Data System (RMDS) 6.0 on Red Hat Enterprise Linux continues to
provide the stability, performance and value that our customers
expect from us." Algorithmic trading is a race as the financial
services industry tries to develop sophisticated strategies and
then beat the competition by capturing, analyzing and acting on
information as it appears. The quicker the systems, the better
trading desks will perform. This increasingly prevalent form of
securities trading is radically changing the market data business
through dramatic growth in volume, forcing data providers to focus
on extremely low market data latency at extremely high message
volumes. "After running some exploratory tests of Reuters Market
Data System (RMDS) 6.0 on the latest Intel Xeon processors using
Red Hat Enterprise Linux 4, I was very impressed with the results,"
said Peter Lankford, President, Technology Business Development
Corporation. "We have now run the complete suite of official
Reuters benchmark tests on a two-socket system from HP. In the most
extreme benchmark of RMDS fanout, a basic RMDS configuration
consistently pushed out over 1.8 million updates per second, and
preliminary tests on a configuration designed to exploit multiple
cores exceeded 3 million updates per second. In terms of latency,
we saw sub-millisecond response times at up to 300,000 updates per
second. Securities firms are going to find this new system very
helpful in dealing with today's real-time data management
challenges." RMDS on Linux joins the best components from the two
most popular market data systems today - Reuters Triarch and the
TIB Market Data Distribution System - to manage financial content
in real-time across the trading environment with a high degree of
scalability and resilience. By deploying Red Hat Enterprise Linux,
Reuters can realize all the benefits of open source and the optimal
performance that the financial services industry demands in its
latency race. "Reuters is delighted that speeds in excess of 1.8
million updates per second have been achieved with Reuters Market
Data System (RMDS) 6.0," said Michael Parlapiano, Executive Vice
President of Enterprise Information Management Solutions, Reuters.
"These speeds show we can deliver solutions that allow our
customers to stay on top of millisecond-to-millisecond market
changes and take advantage of the performance benefits we see in
the next-generation systems being delivered today." "We are pleased
to see the phenomenal results of the Reuters Market Data System
(RMDS) 6.0 solution on the new Dual-Core Intel Xeon processor-based
servers that deliver twice the performance and three times the
power efficiency over previous generation platforms," said Doug
Fisher, Intel General Manager, Software and Solutions Group. "This
is the result of our working with the Linux community and
engineering collaboration with Reuters, Red Hat and HP to optimize
and deliver robust, high-performance solutions that bring value to
our financial customers." "Working with its partners, HP is helping
trading desks process and analyze geometrically expanding
quantities of data to make the solid business decisions demanded by
customers," said Ron Eller, Vice President and General Manager,
Enterprise Solutions Alliances, Hewlett Packard Company. "The
Reuters Market Data System (RMDS) 6.0 benchmark represents a
significant proof point in helping financial services trading firms
gain a competitive edge with unmatched access to real-time market
information." About Red Hat, Inc. Red Hat, the world's leading open
source solutions provider, is headquartered in Raleigh, NC with
satellite offices spanning the globe. The most trusted name in open
source, CIOs and other senior-level IT executives have ranked Red
Hat as the industry's most valued vendor for two consecutive years
in the CIO Insight Magazine Vendor Value study. Red Hat is leading
Linux and open source solutions into the mainstream by making
high-quality, low-cost technology accessible. Red Hat provides an
operating system platform, Red Hat Enterprise Linux, along with
applications, management, and middleware solutions, including JBoss
Enterprise Middleware Suite. Red Hat is accelerating the shift to
service-oriented architectures and enabling the next generation of
web-enabled applications running on a low-cost, secure open source
platform. Red Hat also offers support, training and consulting
services to its customers worldwide and through top-tier
partnerships. Red Hat's open source strategy offers customers a
long term plan for building infrastructures that are based on and
leverage open source technologies with a focus on security and ease
of management. Learn more: http://www.redhat.com Forward Looking
Statements Certain statements contained in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements provide current expectations of future events based on
certain assumptions and include any statement that does not
directly relate to any historical or current fact. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including:
risks related to the integration of acquisitions; the ability of
the Company to effectively compete; the inability to adequately
protect Company intellectual property and potential for
infringement or breach of license claims regarding third party
intellectual property; risks related to data and information
security vulnerabilities; ineffective management of, and control
over, the Company's growth and international operations; adverse
results in litigation; the dependence on key personnel as well as
other factors contained in in our most recent Annual Report on Form
10-K (copies of which may be accessed through the Securities and
Exchange Commission's website at http://www.sec.gov), including
those found therein under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations". In addition, the forward-looking statements
included in this press release represent the Company's views as of
the date of this press release and these views could change.
However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of the press release. LINUX is a trademark of Linus Torvalds.
RED HAT and JBOSS are registered trademarks of Red Hat, Inc. and
its subsidiaries in the US and other countries.
Red Hat (NASDAQ:RHAT)
Historical Stock Chart
From Jul 2024 to Aug 2024
Red Hat (NASDAQ:RHAT)
Historical Stock Chart
From Aug 2023 to Aug 2024