DataDirect Networks Delivers Faster Performance Than Flash Storage, Improving
Trading Algorithm Development & Risk Management For Financial Services
In Industry Benchmark Test, DDN Also Outperforms Traditional Storage for Big
Data in Financial Analytics by as much as 800 Percent
SUNNYVALE, Calif., March 5, 2013
SUNNYVALE, Calif., March 5, 2013 /PRNewswire/ --
oDemonstrating the responsiveness and performance of DataDirect Network's
(DDN) flagship Big Data storage platform, the SFA12K-40, DDN today
announced new record results for financial analytics response times and
corresponding throughput as reported by the Securities Technology Analysis
oThe fully audited STAC-M3™ benchmark tests revealed that the SFA12K-40
(with a hybrid configuration of Flash and spinning disk technology)
delivered performance more than eight times faster than the traditional
storage average and, in some cases, almost twice the performance of Flash
oTo gain a competitive edge, successful financial services companies rely
on accelerated collection and analysis of trade data. With DDN systems,
financial institutions can cost-effectively model massive data sets faster
than disk- and Flash-based storage solutions, making it possible to
respond to market dynamics more quickly for improved trading, risk
management and compliance agility. Such benefits can drive increased
profitability and lower risk for hedge funds, proprietary trading firms
and other financial institutions.
oThe tests evaluated single- and multi-year historical tick data involving
complex financial modeling, designed by trading firms on the STAC
Benchmark Council to reflect real-world computing demands of financial
markets. The benchmark application in all cases compared was Kx Systems
kdb+, the leader in high-performance database and timeseries analysis. The
DDN benchmark was run on IBM® System x3850 M4 Express® servers, with the
latest Intel® Xeon® processors.
Tweet This: @DDN Sets Financial Analytics Record for Speed in STAC Benchmark;
Bests All Other Disk And Flash Competitors http://bit.ly/15tPhzu
o"Financial data analysts searching for insight among the thousands of
incoming data sets need to be able to load, process and export data
quickly. With a storage platform that can process larger and more numerous
data sets at one time, analysts can implement real-time trading strategies
and make informed decisions that add real business value. The STAC-M3
results validate what we already know – that DDN is a proven and powerful
solution for today's data intensive financial workflows, including pre-
and post-trade analytics and risk management," said Jean-Luc Chatelain,
executive vice president of Strategy and Technology, DDN.
o"The speed at which a financial firm can process large amounts of data is
increasingly critical to revenue. Storage speed—both latency and
bandwidth—is often the bottleneck that determines how fast a firm can
understand and respond to changing market conditions. The STAC-M3
Benchmark suite captures many elements of this challenge. We are pleased
that DDN continues to improve its baseline STAC-M3 results and that it
continues to disclose results for optional STAC-M3 tests that demonstrate
how products scale with increasing data volumes and numbers of users,"
said Peter Lankford, founder and director of STAC.
o"The STAC benchmarks are invaluable for financial institutions in
providing objective performance measurement. They are useful for comparing
apples to apples, and finding the fastest and most efficient hardware and
software configuration. DDN has been implementing very large storage
systems across different verticals for many years; this set of benchmarks
demonstrates that these systems, running on the latest IBM and Intel
hardware, can deliver impressive performances for financial institutions,"
said Simon Garland, Kx chief strategist.
oOfficial STAC® report
oDDN Financial Analytics Solution Brief
oMore on DDN SFA12K-40
oFollow DDN via Blog and Twitter
About DataDirect Networks
DataDirect Networks (DDN) is the world leader in massively scalable storage.
Our data storage and processing solutions and professional services enable
content-rich and high growth IT environments to achieve the highest levels of
systems scalability, efficiency and simplicity. DDN enables enterprises to
extract value and deliver business results from their information. Our
customers include the world's leading online content and social networking
providers, high performance cloud and grid computing, life sciences, media
production, and security and intelligence organizations. Deployed in thousands
of mission critical environments worldwide, DDN's solutions have been
designed, engineered and proven in the world's most scalable data centers to
ensure competitive business advantage for today's information powered
enterprise. For more information, go to www.ddn.com or call 1-800-837-2298.
2013 All rights reserved. DDN, Storage Fusion Architecture, SFA12K, WOS,
DirectMon, hScaler and Information In Motion are trademarks owned by
DataDirect Networks. All other trademarks are the property of their respective
Sr. Director, Global Corporate Communications
SOURCE DataDirect Networks
Press spacebar to pause and continue. Press esc to stop.