The Philadelphia Stock Exchange, a regional market for stocks, options, currency and futures, has cut its data storage expenses by 75% using solutions from Brocade Communications Systems.
Brocade Communications Systems says the Brocade SAN enables the Exchange more effective archiving of increasing records of trades and issues that must be stored for seven years by SEC rule.
Driven by ultra-reliable Brocade switches, Brocade insists the SAN also speeds data back-ups while substantially trimming administrative and storage management overheads.
According to Brocade, The Philadelphia Stock Exchange’s (PHLX) SAN permits administrators to consolidate various tape and disk systems into a cohesive storage pool, centralizing and simplifying management of the devices. It also claims the solution optimizes utilization of storage platforms within the infrastructure, ensuring systems are never under-used, and reducing the need for additional systems.
Additionally, the Brocade SAN allows the Exchange to effectively deploy more affordable, mid-tier storage devices, rather than large monolithic storage arrays, which are costly.
Rich Ward, director of technical services for the Philadelphia Stock Exchange said, The scalable solution allows us to easily store data flowing from our trading floor and electronic systems during the day, and then back up this information at night. If we used conventional direct-attach storage systems, warehousing this much information would be too laborious and unproductive. Moreover, thanks to our SAN, we no longer back up data over the production network, which had in the past, diminished bandwidth and slowed delivery of our business applications and resources.
Brocade says the SAN infrastructure will allow the Exchange to continue meeting its swelling storage needs.