Hardware

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/Hardware

STAC sets up benchmark council for trading technology

The Securities Technology Analysis Center (STAC) has recruited seven top Wall Street firms to kick-start a programme for measuring the performance of trading technology solutions.

/Hardware

Argentina's Banco Patagonia signs IT services deal with IBM

Argentina's fifth largest bank, Banco Patagonia, has signed a $592k IT services deal with IBM for application and server migration.

/Hardware

Financial industry leads other verticals in spending on servers

Gartner says the financial services industry led all vertical markets in server revenue for IT firms, accounting for 25.1% of worldwide server revenue in 2006. Among vendors, IBM accounted for the largest share of this revenue.

/Hardware

TSX to undertake $20 million hardware upgrade; Canadian brokers losing out to US in algorithmic arms

The Toronto Stock Exchange (TSX) group has signed a $20 million contract to replace core trading engine hardware with Integrity NonStop servers from HP.

/Hardware

Deutsche Börse and Colt collaborate for proximity service

Deutsche Börse is teaming with telecomms firm Colt to provide customers with low latency access to execution venues and market data streams.

/Hardware

IBM reports new $700m Sparkassen Informatik contract

Sparkassen Informatik, a provider of IT services to German co-operative banks, has signed a new five year contract, worth $700 million, with IBM, for the supply of hardware, software and services.

/Hardware

Top tier firms sign up to Microsoft Novell Linux pact

Deutsche Bank, Credit Suisse and AIG Technologies have put their weight behind the recently announced collaboration between Microsoft and Novell on interoperability between Windows and Linux.

/Hardware

Finextra and Microsoft partner on City developer forum

Finextra is partnering with Microsoft to devise a one-day conference programme for developers in the City.

/Hardware

BNP Paribas rents super-computing capacity off IBM

BNP Paribas has gone live with an on-demand computing service from IBM to run power-hungry pricing and modelling applications across its fixed income derivatives operation.

/Hardware

LSE selects AMD Opteron-based servers for next generation trading platform

The London Stock Exchange (LSE) is deploying 250 dual-core AMD Opteron processor-based HP servers to power its next generation trading technology infrastructure, which is due to launch in early 2007.