HP Helps National Stock Exchange Accelerate Regulatory Reporting, Lower Operating Costs
PALO ALTO, CA--(Marketwired - May 30, 2013) - HP (NYSE: HPQ) today announced that the National Stock Exchange, Inc. (NSX), the first all-electronic stock exchange in the United States, chose HP 3PAR StoreServ Storage to lower storage operating costs and reduce database query and regulatory reporting time.
The NSX was experiencing rising maintenance costs while dealing with time-consuming operational tasks due to its legacy infrastructure. The exchange needed an efficient storage platform that would simplify management and reduce total cost of ownership (TCO) while improving regulatory and business intelligence reporting.
Upgrading to HP 3PAR StoreServ Storage, combined with NSX's new HP ProLiant server infrastructure, improved daily report processing by 50 percent, which resulted in an increase of overall staff productivity. NSX now completes complex database queries five times faster than with its legacy system. As a result, executives gain real-time operational insight into the market performance while ensuring proper regulatory surveillance over all trading activities.
"Reducing administration costs and time spent on operational tasks requires an easy-to-manage storage system with performance throughput that outmatches the intensive data requirements of a stock exchange," said Bruce Kulback, chief information officer, National Stock Exchange. "HP Converged Storage lowered our data center costs and boosted application performance, which enabled us to reduce time spent on reporting and instead focus resources on improving our trading services."
HP 3PAR StoreServ Storage, a key component of HP Converged Storage, has enabled NSX to:
- Lower data center TCO with HP 3PAR Thin Provisioning Software by allowing the pooling of physical storage resources for increased capacity utilization and reduced initial capital expenses with the flexibility to easily add capacity as needed in the future.
- Increase efficiency with HP 3PAR Thin Built-In ASIC zero-detection capabilities along with 3PAR Adaptive Optimization software to automatically reclaim unused capacity and rebalance system resources for real-time storage optimization.
- Minimize data center energy and infrastructure costs by shrinking storage footprint 33 percent.
- Reduce risk of downtime with a highly available clustered design, remote replication to disaster recovery sites, and persistent technologies that enable nondisruptive online system upgrades and system performance monitoring.
- Boost business productivity with active data volumes on each controller, which increases performance throughput to 8 gigabytes per second, double the rate of NSX's previous storage system.
"The increasing complexity of securities industry regulations are straining legacy storage systems that are unable to deliver application performance required for efficient data reporting demands," said Chris Riley, vice president, U.S., Storage, HP. "Dramatic system performance improvements delivered by HP 3PAR StoreServ Storage have increased NSX's business productivity while reducing storage management, enabling executives to focus more on innovation and less on administration."
HP's premier Americas client event, HP Discover, takes place June 11-13 in Las Vegas.
About the National Stock Exchange
The National Stock Exchange, Inc. (NSX), headquartered in Jersey City, NJ, offers trading in all U.S. exchange-listed equities and exchange traded funds (ETFs) on its NSX BLADE® trading platform. Originally founded as the Cincinnati Stock Exchange (CSX), NSX became the first all-electronic exchange in the U.S. in 1980. The NSX and its wholly-owned routing broker-dealer are regulated by the SEC and FINRA.
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
Related Media Contacts
- For all Worldwide Media Inquiries, please contact: email@example.com