HP announced that the New York Stock Exchange (NYSE) has selected HP servers to improve the efficiency of its online stock trading system, the NYSE Hybrid MarketSM.
HP ProLiant servers deliver the processing power required to manage daily trading volumes that peak or spike at any given time without any execution delays. The servers have reduced the average trade-execution turnaround time from seconds to milliseconds. In addition, HP technology allows customers using the Hybrid Market to automatically trade up to 1 million shares in a single order – up from 1,099. That equals a potential 900-fold improvement in trade volume, which can help improve the NYSE’s bottom line.
HP also will use its expertise in Linux to help the NYSE deploy a more flexible and cost-effective operating system for application development, deployment and maintenance.