NYSE Euronext is using Greenplum Database in the U.S. to process data produced by the NYSE Euronext U.S. exchanges on a daily basis. NYSE Euronext relies on Greenplum technology in the U.S. to enable strategic reporting and other business intelligence applications. Greenplum is a provider of database software for the next generation of data warehousing and analytics.
The data volumes of NYSE Arca Options more than doubled in 2008. With algorithmic trading driving unpredented data warehousing, compliance, and analytical requirements, NYSE Euronext selected Greenplum to support its critical system performance analysis application in the U.S. Greenplum Database is a high-performance, massively parallel database built for large-scale data environments. Greenplum provides NYSE Euronext with linear scalability and the ability to easily add data warehouse capacity in small or large increments, avoiding costly appliance or server upgrades. Greenplum can be easily deployed across hundreds of low-cost commodity servers, making it possible to grow compute and storage capacity efficiently.
"Greenplum's ability to support petabyte-scale databases on completely general-purpose hardware is a powerful and unique capability in the market today," said Steve Hirsch, chief data officer, NYSE Euronext, in a press release. "Greenplum's performance and scalability is enabling us to develop next-generation analytic applications that will deliver new innovations to the U.S. exchange marketplace. The ability to process massive amounts of information on a near real-time basis has greatly increased the value of data managed by NYSE Euronext in the U.S," he said.
"Data volumes generated by the financial world are growing at an exponential rate, and one of the primary differentiators for Greenplum was our ability to deliver a solution that met NYSE Euronext's needs today and in the future in the U.S. We are confident that the solution we've developed for NYSE Euronext will scale as the organization contends with ever-expanding data volumes in the U.S.," noted Bill Cook, CEO of Greenplum, in the release.