Amman Stock Exchange turns to HCI to meet real-time trading challenges

While Amman Stock Exchange has been using a virtualized server environment, its legacy systems infrastructure, mission critical trading application and database have dictated selection of an HCI (hyperconverged infrastructure) platform to help support new real-time, mission-critical services.

Amman Stock Exchange
Amman Stock Exchange

The Amman Stock Exchange, established in 1999 to function as a regulated market for trading securities in Jordan, recently came to a crossroads: its legacy systems infrastructure with a VMware virtualized environment was reaching end of life just as it was being called on to offer more sophisticated real-time services. 

The exchange's primary responsibility is to manage operations and activities of securities, commodities, and derivatives markets inside and outside Jordan. One new facility it supports is the online trading service provided by brokerage firms to customers, enabling them to trade securities by entering buy and sell orders to the electronic trading system for themselves through the internet.

Fadi Sodah Amman Stock Exchange

Eng. Fadi Sodah is director of ICT at Amman Stock Exchange.

To update its infrastructure and meet new challenges in a cost-efficient manner, the exchange was compelled to adopt a modern hyperconverged infrastructure, or HCI. System consolidation for cost-efficient performance was key, since the exchange is hosting the trading platform for the entire country, and requires that everything is running in real time, points out Eng. Fadi Sodah, Director, Information and Communications Technology at Amman Stock Exchange.

The platform includes the auxiliary systems that are built around and integrated with the core trading system, the exchange web site and its associated database. End users of these applications include brokerage firms, public shareholding companies, data vendors, investors, and the Jordan Capital Market.

It is a high-pressure business. "Real-time processing is key and even milliseconds of latency are unacceptable. This warrant planning for any changes and maintenance," Sodah points out.

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