IBM Empowers SLIB to Manage Millions of European Stock Market Transactions

  IBM Empowers SLIB to Manage Millions of European Stock Market Transactions

SLIB acquires the latest IBM POWER7+ technologies to Accelerate Cloud and Big
Data Workloads

PR Newswire

PARIS, Jan. 28, 2013

PARIS, Jan. 28,2013 /PRNewswire/ --IBM (NYSE: IBM) today announced that
SLIB, a leading software publisher and Application Services Provider for the
European financial services industry, has upgraded its IT infrastructure with
an innovative new IBM System to streamline and securely process an estimated
15 million stock market orders this year. The company provides cloud services
to 50 European and global financial institutions to conduct their securities
business.

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

Stock markets create some of the most challenging computing environments of
any industry. Financial institutions serving their investment clients must
flawlessly execute up to millions of transactions each day, managing massive
volumes and varieties of financial data while staying on top of regulatory and
security requirements.

To meet these challenges, SLIB selected a new IBM Power 770 system equipped
with the new POWER7+ processor. The new system is engineered with the latest
data security and privacy technology, easily integrates with SLIB's cloud
environment, and automatically ramps up processing performance to meet extreme
financial market workloads including big data and analytics.

"SLIB clients require the very best financial markets and shareholder services
technologies that support their core business strategies. IBM Systems
technology helps our company guarantee the highest service levels for our
clients, giving us a competitive advantage over other companies that do not
invest in innovation. Moreover, the built-in scalability and flexibility of
the new Power Systems servers allow us to commit with new clients under very
short deadlines," said Philippe Cognet, CEO of SLIB.

Designed specifically for compute intensive workloads such as those required
by financial markets, the Power 770, combined with IBM Content Manager,
WebSphere MQ and Sterling software, supports environments with high volumes of
sensitive data. As a result, SLIB can securely handle millions of securities
transactions for each client such as orders and trades, clearing and
settlements, and stockholder meeting votes.

"SLIB is finding new ways to grow and lead with IBM technology in a highly
competitive industry that is constantly changing," said Alain Henry, Vice
President, Systems and Technology Group, IBM France. "Our companies have
collaborated on the premise of innovation driving growth for over 20 years,
keeping a sharp eye on evolving client needs."

About SLIB
Both a software publisher and an Application Services Provider, SLIB is a
trusted partner to the financial services industry, always on the lookout for
changes in the European securities landscape, by supplying its customers with
innovative software solutions to streamline their securities processing and
improve their performance, whilst mitigating their risks.

SLIB solutions support securities order and trade, clearing, settlement,
custody, online vote prior to General Meetings and risk control.

SLIB has two strong shareholders: BNP Paribas and Natixis.
www.slib.com

About IBM Power Systems :
http://www-03.ibm.com/systems/power/

About IBM Websphere MQ et Sterling :
http://www-01.ibm.com/software/integration/wmq/
http://www-01.ibm.com/software/commerce/sterling-commerce/

Press Contacts:

Gaelle Dussutour
IBM Media Relations
+33-1-58-75-17-96
dusga@fr.ibm.com

Veronique Boizard
SLIB Media Relations
+33 (0)1 70 36 97 22
veronique.boizard@slib.com

SOURCE IBM

Website: http://www.ibm.com
 
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