Sun Microsystems is to renew equipment that provides access to the Spanish Financial Futures Exchange’s (Meff) Meffs/Mart platform, in an agreement that will aim to install 200 Sun Fire V60x and 7 Sun Fire V210 servers running the Solaris operating system on x86 technology.
According to Sun, the new Spanish futures market’s platform will be able to store 800 messages per second, replacing Meff’s previous platform which could only hold 250. It also connects the 100 Meff members, which include banks, financial agencies and securities firms, with the Meff Data Processing Centres in Madrid and Barcelona.
The changeover to the Sun platform is an attempt to improve the service provided to traders who use the electronic exchange to negotiate options and futures, by improving Meff’s costs and enhancing competitiveness and speed.
With the new platform, Meff said it is capable of handling over a billion euros per year, with 2.3 million outgoing and 658,000 incoming messages per day on the central host, with a mean response time of 0.10 seconds from the moment the order is entered at the terminal until it is confirmed.
Meff added that its ultimate goal is to continue to supply new members and the 500 traders currently trading on the exchange.
