Greenplum's performance and scalability is enabling us to develop next-generation analytic applications that will deliver new innovations to the U.S. exchange marketplace. The ability to process massive amounts of information on a near real-time basis has greatly increased the value of data managed by NYSE Euronext in the U.S.
San Mateo, CA (PRWEB) December 18, 2008
Greenplum, a leading provider of database software for the next generation of data warehousing and analytics, today announced that NYSE Euronext has selected Greenplum Database in the U.S. to process data produced by the NYSE Euronext U.S. exchanges on a daily basis. NYSE Euronext relies on Greenplum technology in the U.S. to enable strategic reporting and other business intelligence applications.
NYSE Euronext is one of the largest data producers in the financial marketplace. For example, the data volumes of NYSE Arca Options more than doubled in 2008. With algorithmic trading driving unpredented data warehousing, compliance, and analytical requirements, NYSE Euronext selected Greenplum to support its critical system performance analysis application in the U.S. Greenplum Database is a high-performance, massively parallel database built for large-scale data environments. Greenplum provides NYSE Euronext with linear scalability and the ability to easily add data warehouse capacity in small or large increments, avoiding costly appliance or server upgrades. Greenplum can be easily deployed across hundreds of low-cost commodity servers, making it possible to grow compute and storage capacity efficiently.
"Greenplum's ability to support petabyte-scale databases on completely general-purpose hardware is a powerful and unique capability in the market today," said Steve Hirsch, Chief Data Officer, NYSE Euronext. "Greenplum's performance and scalability is enabling us to develop next-generation analytic applications that will deliver new innovations to the U.S. exchange marketplace. The ability to process massive amounts of information on a near real-time basis has greatly increased the value of data managed by NYSE Euronext in the U.S."
"Data volumes generated by the financial world are growing at an exponential rate, and one of the primary differentiators for Greenplum was our ability to deliver a solution that met NYSE Euronext's needs today and in the future in the U.S. We are confident that the solution we've developed for NYSE Euronext will scale as the organization contends with ever-expanding data volumes in the U.S.," said Bill Cook, CEO of Greenplum.
About NYSE Euronext:
NYSE Euronext (NYX) is the world's leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext's exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext's equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit http://www.nyx.com.
Greenplum is a data infrastructure company that is reinventing how companies gain insight and competitive advantage from their data. The company's flagship product, Greenplum Database, is built to support the next generation of data warehousing and large-scale analytics processing. Supporting SQL and MapReduce parallel processing, Greenplum Database offers industry-leading performance at a low cost for companies managing terabytes to petabytes of data. Greenplum Database is used by major global organizations including Nasdaq, NYSE Euronext, Reliance Communications, Skype and Fox Interactive Media/MySpace. Greenplum partners with Sun Microsystems to power the Sun Data Warehouse Appliance. For more information visit http://www.greenplum.com.