NASDAQ OMX selects Greenplum database

By : |March 10, 2009 0

SAN MATEO, USA: Greenplum, provider of database software for the next generation of data warehousing and analytics has announced that NASDAQ OMX has deployed Greenplum Database to store, manage and analyze terabytes of critical transaction data generated by billions of daily trades at its U.S. markets.

The NASDAQ OMX Group Inc. is the world’s largest exchange company, delivering trading, exchange technology and public company services across six continents, with over 3,800 listed companies.

"As trading volumes are growing quickly, we needed a robust, scalable data warehouse solution that could meet our data analysis needs today and into the future," said Anna Ewing, chief information officer at NASDAQ OMX. "The solution delivered by Greenplum Database offers strong scalability advantages due to its highly parallel model that enables us to simply add more servers as data volumes expand."

"Greenplum’s approach is being embraced by many of the world’s leading organizations who want superior scalability and large-scale analytics delivered in the most cost-effective way possible," said Bill Cook, CEO of Greenplum. "NASDAQ is one of the most respected financial companies in the world and also a recognized technology leader, and Greenplum is very much looking forward to working with the company to meet its evolving data challenges in the years to come."

Greenplum Database was recently updated to include MapReduce and advanced statistical analysis tools that allow customers to operate on data "in-place", delivering crucial speed improvements for large-scale data analysis.

Greenplum’s standards-based approach also enables customers to build high-performance data warehousing systems on low-cost commodity hardware, offering a new, disruptive economic model for large-scale analytics.

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