RFP News

MIAX selects Cisco Ultra-low Latency Intelligent Network to build a High Performance Trading Platform

Published on 17 Aug 2012

Miami International Securities Exchange, LLC ("MIAX") has selected Cisco's ultra-low latency intelligent network infrastructure for the trading platform of the MIAX Options Exchange, a fully-electronic options exchange planning to commence operations in late September 2012, subject to SEC approval.  MIAX's experienced technology team worked closely with Cisco Channel Partner, Continental Resources Inc., to develop an intelligent networking infrastructure to meet the unique demands of a high-speed trading environment.  As a result, the MIAX Options Exchange trading platform was designed from the ground up to address the highly secure, functional and high performance demands of the derivatives market.

Key Highlights:

-Being built on Cisco's networking infrastructure will enable the MIAX Options Exchange trading platform to provide extremely high performance, best in class customer interfaces for a better customer experience, and state-of-the-art monitoring, systems security and automated continuous testing to ensure high reliability of network infrastructure. 

-Cisco's networking infrastructure will facilitate co-location in dual data centers, and allow MIAX POP's (Point of Presence) to be available for routing to a third disaster recovery data center.  It will also enable a software architecture that results in minimizing the demands on power, space, and cooling while allowing for rapid scalability, resiliency and fault isolation. 

-Cisco Nexus 3000 and Nexus 5000 series switches will enable the MIAX Options Exchange trading platform to offer protection, high performance and exceptional throughput to deliver a high quality customer experience. 

-Cisco Nexus 3000 series switches offer Layer 2/Layer 3 switching at ultra-low latencies to deliver an extremely high performance infrastructure for high speed trading workloads, and in the process consume less power and support multiple connectivity, which will reduce the cost and size of the MIAX's data center footprint.

Frank Ziegler, senior vice president of Systems Infrastructure at MIAX , commented : "After a rigorous evaluation of industry-leading vendors and testing in our data center, we found that the technological capabilities and roadmap offered by the Cisco Nexus 3000 ultra-low latency network infrastructure were perfectly aligned to support the high speed trading requirements of the MIAX Options Exchange. The Cisco Nexus 3000 and Nexus 5000 based intelligent network infrastructure created a stable, reliable network, which is essential to the value that the MIAX Options trading platform will bring to the traders on our exchange."

Tags

Product type:	Cloud Computing Solutions | Connectivity | Data | Infrastructure | Market and Reference Data | Trading Systems

0 comments Post Comment