Deutsche Börse Systems Leverages Red Hat to Achieve near Realtime Transaction
Risk Management Information for Deutsche Börse`s Exchanges
RALEIGH, N.C.–(Business Wire)–
Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source
solutions, today announced that Deutsche Börse Systems, the IT division of
Deutsche Börse AG, is implementing Red Hat Enterprise MRG with the open Advanced
Message Queuing Protocol (AMQP) standard and Red Hat Enterprise Linux. Both are
designed to enable realtime transaction risk management for its financial
services clients. AMQP, an open standard messaging protocol, is an integral part
of Red Hat Enterprise MRG, a next-generation IT infrastructure incorporating
messaging, realtime and grid functionality that is well-suited for cloud
computing environments.
The new risk management functionality will be part of the next release of Eurex,
the trading and clearing system of one of Europe`s largest derivatives
exchanges. Eurex is a joint venture of Deutsche Börse AG and SIX Swiss Exchange.
When the new risk support platform goes live, planned for early 2010, it aims to
provide secure, near realtime access to risk information. This platform will
also help banks and other financial institutions to discover, track and manage
risk associated with derivatives trading deals more efficiently.
“We decided to implement Red Hat Enterprise MRG Messaging with AMQP because we
wanted to make it as easy as possible for our client banks to access the
relevant risk data. Using the open standard AMQP helps us to avoid complex and
time-consuming development of customized adaptors,” said Gerhard Lessmann,
member of the executive board at Deutsche Börse Systems.
“Open standards are a key element to driving down development costs, keeping
ongoing maintenance expenses low and ensuring vendor independence,” said Werner
Knoblich, vice president of EMEA at Red Hat. “With its efforts to use AMQP as
part of the new risk management functionality, Deutsche Börse is an industry
pioneer and we’re proud to support its strategy.”
AMQP is delivering benefits today through speeding up the development process,
freeing up internal resources to focus on business tasks and delivering the high
performance expected by the exchange’s banking customers. Customers using
Eurex’s realtime risk management system, based on Red Hat Enterprise MRG, are
expected to benefit from up-to-the-second access to risk information that can
help to discover, rate and track risk associated with individual trades and the
overall investment strategy. As AMQP is an open standard, it will also be easier
for the clients` IT departments to connect their own risk management systems
with Eurex`s interface.
Deutsche Börse Systems, a member of the AMQP Working Group alongside Red Hat, is
one of the early major financial services organizations to implement the open
AMQP standard. Until recently, financial business messaging was dominated by
proprietary and bespoke messaging interfaces.
For the full Deutsche Börse Systems case study, visit www.customers.redhat.com.
For more information about Red Hat, visit www.redhat.com. For more news, more
often, visit www.press.redhat.com
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(SOA) solutions, including Red Hat Enterprise Virtualization and JBoss
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Kerri Catallozzi, 919-754-4268
kcatallo@redhat.com
Copyright Business Wire 2010