Stratus Taps into Continued Expansion of Financial Services in India
Published December 16th, 2008
With an eye to the future, a new e-payments network and trading exchanges in India push ahead despite global economic turmoil, and fault-tolerant servers are the application engines behind the services, Stratus Technologies announced today.
The Stratus ftServer line of fault-tolerant servers has been chosen for three new services:
— PRIZM Payments is building a nationwide payment infrastructure for
financial institutions, retailers and service providers. Its
Windows-based ATM and credit card payments solution will run on Stratus’
mid-range quad-core server.
— The Tea Board of India will soon be inaugurating the nation’s first
Internet-based electronic tea auction in Kolkata. Five Stratus ftServer
systems will support NSEIT’s Windows-based auction application, which is
intended to enhance market access, fair price discovery and liquidity
for all participants in the tea market.
— MCX is a nationwide electronic multi-commodity futures exchange set up
by Financial Technologies to facilitate online trading, clearing and
settlement operations for futures markets across India. Using high-end
ftServer quad-core systems, MCX can offer superior service availability
to market participants.
“India is a rapidly developing economy because it sees its future clearly and has the conviction to do what is needed today to realize that vision,” said Freeman Nung, Stratus vice president, Asia/Pacific Region. “India is certainly among the leading nations to aggressively invest in electronic trading and financial services, and has been for more than a decade. It shows no signs of slowing down.”
Always a key market for application availability and network resiliency, the financial services industry is Stratus’ largest served market. India’s largest stock exchange, The National Stock Exchange of India, has been a Stratus customer since its inception in 1994.
About Stratus Technologies
For more information please visit www.stratus.com.
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