Financial Services Powerhouse Adds Fusion’s ioMemory Technology to Support Much Higher Trade Volume with Existing Infrastructure
SALT LAKE CITY – December 7, 2010 – Fusion-io, pioneer of a new flash-based, storage-class memory tier (ioMemory), today announced that it has been working closely with Credit Suisse to integrate Fusion’s ioMemory technology with its award-winning Advanced Execution Services (AES®) trading platform. Credit Suisse has leveraged Fusion’s technology to improve its data access performance, maximizing the effectiveness of its low latency trading platform architectures.
"As our trading businesses continue to grow in size and complexity, driving greater efficiency and performance in the supporting IT infrastructure becomes ever more important,” said Marinela Tudoran, Global Head of Alternative Executions Platforms Technologies at Credit Suisse. “Combining Fusion’s innovative solid-state memory solution has allowed us to increase performance while achieving higher levels of reliability in our IT infrastructure implementations. I believe that Fusion’s focus on speed, capacity, endurance and simplicity of deployment will continue to position the technology for wider adoption.”
Credit Suisse is a leader in the field of algorithmic trading services. Algorithmic trading uses computers to determine what trades to execute and when to execute them. The number of transactions that a financial organization can perform depends heavily on the average latency at which these trades can be logged, or saved from volatile DRAM memory into permanent storage. Improving the overall efficiency of the system, including CPU utilization, creates a more agile, faster computing system that can transact greater trade volume.
By deploying Fusion’s highly scalable, globally managed enterprise platform to augment various applications across trading systems, Credit Suisse continues to realize performance improvements that would not be typically possible with traditional infrastructure technologies.
“Fusion’s ioMemory technology brings the highest level of performance to the financial services industry and we’re honored that Credit Suisse has chosen our solution to accelerate the performance of its AES platform,” said David Flynn, CEO of Fusion-io. “We look forward to working with Credit Suisse in the future to continue to improve the reliability and performance of their financial infrastructure and innovate in this important and exciting industry.”
To learn more about Fusion-io, go to www.fusionio.com.
Follow Fusion-io on Twitter at http://www.twitter.com/fusionio and on Facebook at http://www.facebook.com/fusionio.
About Fusion-io
Fusion-io, a leading provider of system, application & database acceleration, is unleashing the potential of performance-starved applications, allowing companies to rethink the way they architect their data systems. With a Fusion Powered data center, companies can increase productivity, shrink time to market and improve their customers' experience, all with less hardware, less power, and less administration. Companies are seeing performance gains of many magnitudes and server consolidation from 3-10x. Fusion-io is powering innovation that helps companies do more with less.