|By Business Wire||
|December 18, 2012 09:06 AM EST||
NYSE Euronext, a multinational operator of 14 financial exchanges including the New York Stock Exchange, has won the Information-Management.com Innovative Solution Award for Data Integration.
NYSE Euronext was recognized for creating a system to support Web access to market data for external users utilizing the Composite Data Virtualization Platform that is providing organizational savings of $5 million annually. NYSE Euronext, comprised of six equity exchanges and eight derivatives exchanges located in the U.S. and Europe, implemented an enterprise-wide data virtualization layer using Composite that provides consistent, on-demand access to a range of trades, orders, receipts, quotes, cancels and administrates data globally for analysis and reporting.
According to Information-Management.com, NYSE Euronext chose a specific data virtualization project to intelligently store and access data across powerful computer systems which improved the overall performance of its data-delivery environment.
“We want to integrate data at a point where it’s persisted rather than make copies,” said Emile Werr, VP Global Data Services and chief data architect at NYSE Euronext. “Some of these determinations are based on SLAs and performance and what the system is capable of but wherever we have the capability to get the data from a source without having to move it is also a cost savings. Composite is a big contributor to our success and evolving data integration strategy.”
The Innovative Solution Award recognizes organizations that deployed innovative information technology solutions that resulted in constructive organizational changes and quantifiable business benefits. Winners were chosen in six categories based on the solution’s degree of complexity, level of innovation, project breadth, and qualitative and quantitative results.
“This year’s winners demonstrate that organizations are tackling specific problems with targeted solutions,” said Jim Ericson, Information-Management.com editorial director. “They’re often using a best-of-breed technology approach to fix specific pain points. But all prove that using data in new and creative ways can have a real impact on an organization’s success.”
“It is gratifying to see one our prominent customers, recognized for their data virtualization pioneering and overall innovation," added Composite CEO Jim Green. “Emile and his team at NYSE Euronext have done outstanding, high value work.”
Composite Software, Inc. is the data virtualization market leader. The world’s largest financial services firms, pharmaceutical companies, communications providers, energy producers and government agencies rely on Composite data virtualization offerings to simplify information access. Composite Software is privately held, with corporate headquarters in San Mateo, CA.
To contact Composite, please call 650-227-8200, visit us on the Web at http://www.compositesw.com, or follow us on Twitter http://twitter.com/compositesw. To learn more about data virtualization visit the DV Café microsite, the Data Virtualization Channel and the Data Virtualization Leadership Blog.
Composite Software is a registered trademark of Composite Software, Inc. Copyright © Composite Software, Inc. 2012.
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