FIDESSA CHOOSES INTEL PLATFORM FOR PRODUCT SUITE

Posted April 1, 2009

LONDON -- Trading, market data, compliance and global connectivity solutions provider Fidessa Group plc has completed testing and certification of a new Intel Xeon 5500 platform for its product suite. The new platform offers greater speed and less power consumption than those of other manufacturers.

“To maintain our market-leading position, we always ensure we are at the forefront of technological innovation, and evaluating new hardware solutions from suppliers like Intel for our products is a key part of this,” says Philip Beevers, Chief Architect at Fidessa. “As part of our certification of the Xeon 5500 chipset, using the Solaris operating system, we saw our benchmark ‘trading transaction’ throughput test run twice as fast as on the current fastest processors, achieving a sustained level of over 7,000 orders per second. In addition, the comparatively low power consumption of these processors for this level of performance makes them an extremely attractive proposition for efficient and cost effective use in data centers.”

Fidessa’s high-performance solutions serve over 22,000 users across 630 clients globally and are used by 85 percent of the largest financial institutions around the world.

“At Intel we have been focused on the front office trading space, and how our technologies can contribute to key functions across the trade life cycle,” says Nigel Woodward, Global Director of Financial Services at Intel. “From buy-side to sell-side, we see Fidessa as a leading service provider in this space, and hence to achieve these superb performance results on our new Xeon 5500 series processors is an excellent entry to the market for the new architecture – showing that it can have a tangible impact on trading profitability.”