5/5/2003 - Brut, LLC, an operating unit of SunGard (NYSE:SDS), and Sun Microsystems, Inc. announced a multi-million dollar upgrade to BRUT's Solaris OS based infrastructure. The upgrade, which included installation of Sun Fire(TM) V880 enterprise servers running the Solaris(TM) Operating System (OS), will help provide dramatic improvement to BRUT's speed, scalability, security and reliability. Sun Services provided Enterprise Migration Services to help upgrade BRUT's operating environment.
Brut, LLC, (NASD member), operates the BRUT electronic communications network (ECN) for the trading of Nasdaq and exchange-listed securities. In March 2003, BRUT volumes reached a record 163 million daily shares. Since its acquisition by SunGard in August 2002, BRUT has increased volumes by more than 50 percent.
"Almost seventy-percent of all Nasdaq trades flow through SunGard systems -- we clearly take our partnership with SunGard very seriously," said Scott McNealy, Chairman, President and CEO, Sun Microsystems. "Sun's relentless drive to develop the world's most trusted and reliable UNIX-based operating system means global partners and customers like SunGard count on Solaris OS for maximum uptime."
Cris Conde, President and CEO of SunGard, commented, "ECNís are a key piece of the securities value chain. They must be reliable and scalable with no exposure to downtime. Our goal is for BRUT to become the fastest, most reliable, highly-scalable ECN. BRUT anticipates at least doubling its speed and tripling its capacity. In addition, BRUT is fully resilientówith primary and secondary levels of redundancy. We are committed to providing BRUT clients the highest levels of operational efficiency and resilience to meet their needs."
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer(TM)" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com
SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. With annual revenues of $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. Sun, Sun Microsy stems, the Sun logo, Solaris, Sun Fire and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: