Tokyo Stock Exchange Executes Millisecond Trading with New System Based on Red Hat Enterprise Linux

Red Hat, Inc. /quotes/comstock/13*!rht/quotes/nls/rht (RHT 29.98, -0.02, -0.06%) , the world’s leading provider of open source solutions, today announced that Red Hat Enterprise Linux was selected by Tokyo Stock Exchange (TSE) as the standard operating platform for its next-generation “arrowhead” trading system. Developed by TSE and Red Hat strategic partner FUJITSU LIMITED (Fujitsu), the “arrowhead” platform was designed to accelerate TSE’s order response and information distribution speeds to bring a new level of execution to the Tokyo stock market.

Established in 1949, TSE is a leading exchange in the Asian market. TSE boasts the second largest listed market capitalization and the fourth largest annual stock trading value in the world (USD-based, 2009).

In order to keep up with expanding trading activities and changing forms of trading methods, TSE built a new, next-generation trading system called “arrowhead.” The system was designed to combine low latency with high reliability to accommodate diverse products, trading rules and changes within a short time window. Launched on January 4, 2010, “arrowhead” handles the auction trading of all of TSE’s cash products, including stocks and convertible bonds. As TSE had already used Red Hat Enterprise Linux as the operating platform of its derivatives trading system, TSE turned to it again as a base for building a trading system that offered higher reliability and improved performance.

Read more at MarketWatch

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