Red Hat (NASDAQ: RHAT), the world's leading provider of open source solutions to the enterprise, today announced business-changing throughput and latency performance numbers for Reuters Market Data System (RMDS) 6.0. In recent performance tests conducted by Technology Business Development Corporation (tbdCorp), RMDS 6.0 surpassed previous benchmarks and demonstrated its ability to leverage the power and performance of Red Hat Enterprise Linux running on the Dual-Core Intel Xeon processor-based HP ProLiant DL380 server. Now Reuters can consistently push out the ever-expanding volume of market data at more than 1.8 million updates per second.
"We are thrilled to work closely with Reuters, HP and Intel as we deliver such impressive performance numbers to the financial industry," said Tim Yeaton, Senior Vice President of Worldwide Marketing and General Manager of Enterprise Products, Red Hat. "By continuing our work with these industry leaders, we will ensure that Reuters Market Data System (RMDS) 6.0 on Red Hat Enterprise Linux continues to provide the stability, performance and value that our customers expect from us."
Algorithmic trading is a race as the financial services industry tries to develop sophisticated strategies and then beat the competition by capturing, analyzing and acting on information as it appears. The quicker the systems, the better trading desks will perform. This increasingly prevalent form of securities trading is radically changing the market data business through dramatic growth in volume, forcing data providers to focus on extremely low market data latency at extremely high message volumes.
"After running some exploratory tests of Reuters Market Data System (RMDS) 6.0 on the latest Intel Xeon processors using Red Hat Enterprise Linux 4, I was very impressed with the results," said Peter Lankford, President, Technology Business Development Corporation. "We have now run the complete suite of official Reuters benchmark tests on a two-socket system from HP. In the most extreme benchmark of RMDS fanout, a basic RMDS configuration consistently pushed out over 1.8 million updates per second, and preliminary tests on a configuration designed to exploit multiple cores exceeded 3 million updates per second. In terms of latency, we saw sub-millisecond response times at up to 300,000 updates per second. Securities firms are going to find this new system very helpful in dealing with today's real-time data management challenges."
RMDS on Linux joins the best components from the two most popular market data systems today - Reuters Triarch and the TIB Market Data Distribution System - to manage financial content in real-time across the trading environment with a high degree of scalability and resilience. By deploying Red Hat Enterprise Linux, Reuters can realize all the benefits of open source and the optimal performance that the financial services industry demands in its latency race.
"Reuters is delighted that speeds in excess of 1.8 million updates per second have been achieved with Reuters Market Data System (RMDS) 6.0," said Michael Parlapiano, Executive Vice President of Enterprise Information Management Solutions, Reuters. "These speeds show we can deliver solutions that allow our customers to stay on top of millisecond-to-millisecond market changes and take advantage of the performance benefits we see in the next-generation systems being delivered today."
"We are pleased to see the phenomenal results of the Reuters Market Data System (RMDS) 6.0 solution on the new Dual-Core Intel Xeon processor-based servers that deliver twice the performance and three times the power efficiency over previous generation platforms," said Doug Fisher, Intel General Manager, Software and Solutions Group. "This is the result of our working with the Linux community and engineering collaboration with Reuters, Red Hat and HP to optimize and deliver robust, high-performance solutions that bring value to our financial customers."
"Working with its partners, HP is helping trading desks process and analyze geometrically expanding quantities of data to make the solid business decisions demanded by customers," said Ron Eller, Vice President and General Manager, Enterprise Solutions Alliances, Hewlett Packard Company. "The Reuters Market Data System (RMDS) 6.0 benchmark represents a significant proof point in helping financial services trading firms gain a competitive edge with unmatched access to real-time market information."
About Red Hat, Inc.
Red Hat, the world's leading open source and Linux provider, is headquartered in Raleigh, NC with satellite offices spanning the globe. The most trusted name in open source, CIOs and other senior-level IT executives have ranked Red Hat as the industry's most valued vendor for two consecutive years in the CIO Insight Magazine Vendor Value study. Red Hat is leading Linux and open source solutions into the mainstream by making high quality, low cost technology accessible. Red Hat provides operating system software along with applications, management, and middleware solutions, including JBoss Enterprise Middleware Suite (JEMS). Red Hat is accelerating the shift to service-oriented architectures (SOA) and enabling the next generation of web-enabled applications running on a low-cost, secure open source platform. Red Hat also offers support, training and consulting services to its customers worldwide and through top-tier partnerships. Red Hat's open source strategy offers customers a long term plan for building infrastructures that are based on and leverage open source technologies with focus on security and ease of management. Learn more: http://www.redhat.com
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- About Red Hat
Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.
- Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company’s growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission’s website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.
