DataDirect Networks Delivers Faster Performance Than Flash Storage, Improving Trading Algorithm Development & Risk Management

DataDirect Networks Delivers Faster Performance Than Flash Storage, Improving
    Trading Algorithm Development & Risk Management For Financial Services
                                  Companies

In Industry Benchmark Test, DDN Also Outperforms Traditional Storage for Big
Data in Financial Analytics by as much as 800 Percent

PR Newswire

SUNNYVALE, Calif., March 5, 2013

SUNNYVALE, Calif., March 5, 2013 /PRNewswire/ --

News Facts

  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
    Center (STAC®). 
  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
    storage.
  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.

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Tweet This: @DDN Sets Financial Analytics Record for Speed in STAC Benchmark;
Bests All Other Disk And Flash Competitors http://bit.ly/15tPhzu

Supporting Quotes

  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.

Supporting Resources

  oOfficial STAC® report
    http://www.stacresearch.com/node/13285
  oDDN Financial Analytics Solution Brief
    http://www.ddn.com/sites/default/files/FSI_Solution_Brief_WIP_1.pdf
  oMore on DDN SFA12K-40
    http://www.ddn.com/products/sfa12k
  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
owners.

Contact:
Dani Kenison
Sr. Director, Global Corporate Communications
Work: 408-990-2658
dkenison@ddn.com

SOURCE DataDirect Networks

Website: http://www.ddn.com
 
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