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The Karachi Stock Exchange (Guarantee) Limited, Pakistan's largest stock exchange, has deployed Intel (R) Itanium (R) 2 processor based Unisys ES 7000 Aries servers to power comprehensive data analyses for stock trading and to provide better services to its customers for online stock trading.
KSE has emerged as the key institution of the capital formation in Pakistan with 689 listed companies and with a market capitalisation of Rs 1,364.79 billion (US $23.7 billion).
The average daily turnover is approximately 341.12 million shares with average daily trade value Rs 16,125.48 million (US $280.44 million).
The migration from its legacy RISC-based infrastructure to the Itanium 2 based system is a part of the KSE's continuous efforts to increase its overall operating efficiencies.
The new platform will run on Oracle 9i RAC database and Microsoft Windows 2003 Operating System, powered by a total of 24 Itanium 2 processors with 6Mb I,3 Cache.
"This is the first 64 bit RAC implementation in Pakistan, delivering a cost effective solution for the KSE with greater performance compared with the UNIX/RISC systems" said Saadat Ali, Territory Manager, Systems & Technology, Unisys Pakistan (Pvt) Ltd.
The performance and reliability of the Itanium 2 based servers was a major factor in the client's final decision, and KSE is very confident with Intel-based solutions since the recent migration of its trading applications to the Intel platform, he added.-PR

Copyright Business Recorder, 2004

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