ASX modernizes IT application platform, gains speed and savings
- Industry: Financial services
- Region: APAC
- Location: Sydney, Australia
- Company size: Around 560 full-time equivalent employees
As the first financial market to open each day, the Australian Securities Exchange (ASX) plays a major role in the global financial services sector. The organization must operate with high stability, security, and performance, but its legacy application server platform was becoming increasingly inconsistent, unstable, and expensive. ASX modernized its platform with Red Hat® solutions, improving reliability, time to market, and support costs.
ASX modernizes IT platform to speed application delivery with Red Hat
Learn how the Australian Securities Exchange (ASX) improved reliability and costs for its web applications with supported technology from Red Hat.
The path to success
Challenge: Modernize to gain reliability
With 150 years of experience, ASX serves 6.7 million shareholders and more than 2,200 listed companies and issuers, including some of the world’s leading resource, finance, and technology companies. ASX requires fast and stable IT, but its legacy systems were unreliable—and expensive. “Our technology platform is at the core of the capital markets, and the public perceives our website as the stock exchange,” said Mathew Doughty, former general manager of corporate technology at ASX. “An outage or interruption could have a significant effect on the economy.”
Solution: Upgrade to a supported platform
ASX analyzed and tested several platforms for stability, performance, flexibility, cost-effectiveness, and availability of enterprise-level support. It chose Red Hat JBoss® Enterprise Application Platform, with additional Red Hat solutions to support its application server. “Red Hat’s philosophy of transformation, embodied in its modern architecture and infrastructure offerings, made the decision easy,” said Mathew. ASX worked with Red Hat to build, test, launch, and deploy many critical business-to-business (B2B) and public-facing applications.
Results: Support global financial market with stable, highly available applications
With its new platform, ASX gained greater stability—and faster, more effective recovery—for its web applications, including achieving 60 times faster application restart speeds. In addition, ASX saved time and reduced support costs with Red Hat’s subscription-based support model, freeing resources to develop innovative services. ASX also received expert, hands-on training that improved staff knowledge. “Our success reinforces the value of Red Hat’s cohesive approach to deployment as a complete solution: enterprise technology, professional support, and expert training,” said Mathew.