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By John Kador 10/15/98
s Wall Street stockbrokers took a breather to recognize
the first-year anniversary of last October's near meltdown, the information systems professionals who supported
the stockbrokers looked back with satisfaction at the changes they had implemented. New computer systems,
new processes, new regulations: all aimed to prevent a recurrence of one of the most chaotic days in the
history of the securities industry.
For some brokerages, October 27 is a nightmare from
which they are still trying to awaken. These brokerages were caught unprepared for the record 1.2 billion
shares that traded hands that day when the Dow Jones Industrial Average dove 554 points only to shoot
back up the next day. Others survived the high volume day with no downtime, but nevertheless sobered
by how close they came.
Why did some brokerages experience long delays in processing transactions during peak periods while others
passed the stress test with flying colors? Why did the response time of some brokerages slow down to a
snail's pace while the order flow of others went uninterrupted? The answers are complicated, but a common
denominator to each situation is one or more finely tuned Skyline processors from Hitachi Data Systems (HDS).
In the highly confidential world of Wall Street computing-where even small innovations translate into
significant competitive advantage-brokerages keep their computing configurations and performance strategies
close to the vest. Nevertheless, a number of Wall Street computer jockeys and analysts attributed their
success last October to Skyline bandwidth and horsepower that handled wildly oscillating workloads. Their
close reading of historical milestones alerted these brokerages in advance that high-end IT solutions
were needed. Speaking strictly off the record, these professionals recounted preparations that had two
elements in common: Hitachi Data Systems' Skyline computing platform and PerfMan, the systems management
software from The Information Systems Manager (ISM). Perfman from ISM, a Bethlehem, PA-based provider,
provides a suite of integrated enterprise-wide performance management and capacity planning solutions
for MVS, Windows NT, and UNIX systems.
Indeed, a significant number of the brokerages and securities firms, who were scored highest by customers
and regulators in October, 1997 were powered by Hitachi Skyline systems. These systems, in turn, were
supported before and after deployment by the systems management features of PerfMan, In each of these cases,
the fine tuning offered by ISM's PerfMan services ensured that the brokerages had sufficient computer
capacity to weather the coming.
Hitachi and ISM
Fortunately for one of Gordon's key accounts, October 1997 turned out to be a good month to put
its Hitachi Skyline into production, based on an ISM study showing the benefits of moving the
production environment. The securities firm had operated the Skyline for close to a year in
its development environment.
"It was a propitious move," agreed the firm's CIO. "ISM showed me how the Skyline would benefit
us in advance of any volume peaks by ensuring that the performance boosts to our online workloads
would translate into excess capacity the company could tap for unanticipated needs." The investment
paid off because, less than a year later, on August 31, 1998, volume topped one billion trades.
The Hitachi system, tuned by PerfMan, performed flawlessly. "Who ever thought that a billion
transaction day would be a non-event?" the CIO asked.
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"ISM showed me how the Skyline would benefit us in advance of any volume peaks by ensuring that the performance boosts to our online workloads would translate into excess capacity the company could tap for unanticipated needs." |
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