Data Virtualization Redefines the Stock Exchange
Source: Composite Software Systems
NYSE Euronext operates the world's leading and most liquid equities and derivatives exchanges. A major challenge for NYSE Euronext is the sheer complexity of its business and operating environment. The organization went through many mergers and acquisitions in its evolution. They need to meet rigid Service-Level Agreements (SLAs) with business units for delivering and retaining data. The NYSE Euronext solution is an enterprise-wide data virtualization layer, built using Composite Software's Data Virtualization Platform, which functions as a virtual data warehouse to provide access to post-trade data for analysis and reporting. The results of deploying Composite Software's were ability to migrate, capture and partnership for data virtualization. It which anticipated savings of over $4.5 million annually.