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Case Study: Investment Bank

Source: egenera.com
Topic: Bank Investment

Sort Desciption: Case Study: Investment Bank. Savings of $17M versus mainframe. “We operate one of the world’s. largest, most complex securities ...

Content Inside: Executive Summary For this customer, meeting the challenges of cost-efficient processing and scalability meant increasing automation by moving away from mainframe-based technologies. Utility comput- ing has enabled the bank to take advantage of an open architecture while slashing server count and total cost of ownership (TCO). Migration to a new securities-processing platform based on BEA, Egenera and Intel technologies has lowered capital costs and headcount requirements, reduced errors and failed trades, and decreased operational risk. Business Challenge For this customer, meeting the challenges of cost-efficient processing and scalability meant increasing automation by moving away from mainframe-based technologies. Automation has increased processing capacity, reduced the number of failed trades, lowered risk by mitigating human error and shortening the time transactions remain open, and moved the bank closer to straight-through processing by eliminating manual workflows. Migration to the new system began with an assessment of the current environment and test cases utiliz- ing a customer-defined workload conducted by Intel Solution Services, Intel Corporation’s professional services organization. Having determined that a $17 million mainframe upgrade was too expensive, as were proprietary UNIX systems, these tests measured the performance of two-, three- and four-node Intel ® Xeon ™ processor MP-based database clusters. The analysis included iterative testing to eliminate bottlenecks, improve application reliability and increase transaction throughput. System Benefits The business-integration platform for the securities-processing application is BEA ® WebLogic Platform, including both BEA WebLogic Server and BEA WebLogic Integration. The hardware environment is the Egenera ® BladeFrame ® system with Intel Xeon processors MP running Red Hat Linux. With business- process management and application and data integration built into BEA WebLogic Pla ...

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