Dell Services Helps Singapore Exchange Modernize Mainframe Application

  Dell Services Helps Singapore Exchange Modernize Mainframe Application

  *Dell application modernization services help enhance IT efficiency at
    Singapore Exchange
  *Mission-critical clearing and deposit application environment migrated to
    a scalable, industry-standard environment
  *Online performance improved by up to 100 percent; batch window cut in half

Business Wire

PLANO, Texas -- March 19, 2013

Dell Services today announced the successful completion of a project with
Singapore Exchange (SGX) designed to future-proof the technology underpinning
its depository business and enhance operating efficiency. The project helped
SGX improve the speed of a critical application by up to 100 percent,
significantly lowering annual operating costs and better positioning its IT
systems to align with future business initiatives.

With a market capitalization of more than US $6 billion, SGX is among the
world's largest exchanges and is Asia’s second-largest listed exchange. The
exchange already offers the region's longest trading hours and was looking to
streamline IT operations and lower cost-per-transaction rates, while better
preparing to address future market growth.

After a competitive evaluation process, SGX selected Dell (then Clerity
Solutions) to provide end-to-end application modernization services and
mainframe re-hosting technology as part of a multi-million USD modernization
project. Dell helped migrate SGX's entire mainframe complex, including key
applications like clearing and settlement, third-party tools and utilities,
and server and storage resources to a flexible open systems environment with
minimum customer impact.

Before selecting the mainframe re-hosting solution, SGX evaluated three
options: rewriting its mainframe applications; upgrading its mainframe; and
re-hosting its applications to a modern, open platform. The exchange opted to
re-host its application environment. Mainframe re-hosting offered the most
cost-effective solution and involved less risk than rewriting.

As part of the evaluation process, SGX conducted a proof of concept and
reference checks with large financial institutions like NYSE Euronext, where
Dell had performed similar work.

In addition to Dell Mainframe Re-hosting software, Dell Enterprise COBOL was
leveraged in the project to migrate SGX's IBM CICS applications, batch JCL
code, COBOL programs and VSAM data intact. This approach avoided costly code
changes and enabled SGX clients to continue accessing its systems without

Deployed in more than 50 countries, Dell Mainframe Re-hosting technology has
lowered annual IT operating costs approximately 30 to 70 percent for many
organizations, while providing a flexible path forward for mission-critical
mainframe application and data investments.

This 15-month project concluded in October, enabling SGX to implement a
scalable, industry-standard platform as part of its endeavor to future proof
its IT systems. The exchange has now moved to phase two of the project, which
will deliver the ability to easily and rapidly facilitate the introduction of
new SGX products.


“The application modernization services that Dell provided were delivered on
time and within budget, delivering immense value to our organization. Not only
has the project reduced our annual operating costs of this solution by an
order of magnitude, but it has also dramatically improved our nightly batch
window and we can now process double the workload of the previous
environment,” said Bob Caisley, chief information officer, Singapore Exchange.

“Since acquiring Clerity Solutions and Make Technologies, we have been able to
quickly build our application modernization offerings to help customers reduce
the cost of transitioning business-critical applications and data from legacy
computing systems to cloud infrastructure and open, standards-based platforms.
Today, we have the expertise, solutions, and services to help customers like
SGX migrate from a decade old legacy application to a modern and more robust
framework,” said Mark Bilger, vice president and chief technology officer,
Dell Services.

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