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Shenzhen Stock Exchange to Build Next Generation Securities Trading Platform on Red Hat Technologies
ShenzhenChina, October 23, 2012
Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that Shenzhen Stock Exchange has signed an agreement to build the next version of its Securities Trading System on Red Hat technologies.
Through the collaboration with Red Hat, Shenzhen Stock Exchange plans to build a centralized cross-market trading system to provide greater efficiency, capacity, security, scalability, and business adaptability. In addition, it aims to utilize a more scientific and rational architecture capable of supporting multi-level and multi-phased implementations.
Detailed performance requirements for the new trading system include 99.99% availability, failover time of three minutes or less, latency time less than 10 milliseconds and support to process 300 million orders daily and more than 50,000 securities when available.
“The current version of our trading system has been running for over a decade, but as the market needs evolve, the demand for a new trading system is heightened, hence the need for a new and improved version. We want to build a centralized cross-market trading system to meet the developing requirements of China's security market over the next 10-15 years,” said Huali Yu, Director of the Technical Planning, Shenzhen Stock Exchange.
Throughout the development stage, Red Hat will continue to provide product support and training services for Red Hat Enterprise Linux and JBoss Enterprise Application Platform.
"We commend Shenzhen Stock Exchange for looking to the future with its new trading system and are proud to be a part of that vision. Red Hat has a rich history and successful track record of powering some of the world’s leading stock exchanges and remains committed to helping customers meet evolving market demands,” said Sen Ming Chang, general manager of Red Hat Greater China.
Red Hat Enterprise Linux and JBoss Enterprise Middleware products have been used by a number of stock exchanges globally, such as NYSE Euronext, Deutsche Borse, Chicago Mercantile Exchange, Tokyo Stock Exchange, and Singapore Exchange.
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About Red Hat, Inc.
Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; uncertainty and adverse results in litigation and related settlements; the integration of acquisitions and the ability to market successfully acquired technologies and products; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.
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