The Philadelphia Stock Exchange has adopted Informatica Corporation’s PowerCenter, an advanced edition of data integration platform, and PowerExchange, data access software, in its move towards new real-time systems architecture.
Informatica stated that in using its software for transition trade clearing and account management operations from a legacy-based environment, the Philadelphia Stock Exchange (PHLX) has reduced data integration development time and effort by at least 50% as it optimizes its business functionality by driving to a real-time environment.
Currently, the PHLX is using Informatica in two critical areas. Firstly, the exchange is using Informatica in data migration and data cleansing from legacy and other enterprise sources as PHLX implements its new real-time architecture. Secondly, while the new architecture is being built out, the Informatica software is being used for two-way movement of data across operational platforms, some of which are still legacy-based.
Girish Pancha, executive vice president and general manager for enterprise data integration at Informatica, said: The Philadelphia Stock Exchange’s standardization on Informatica highlights many of the advantages of a platform approach to real-time data integration and migration.