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Direct Edge’s New Stock Exchange Build Using Microsoft Windows Server 2008 R2, SQL Server 2008, and Informatica Messaging-Based Trading Solution

Microsoft announced that Direct Edge, a Jersey City, N.J.-based stock exchange, has selected Windows Server 2008 R2, SQL Server 2008 and Informatica Ultra Messaging for its trading platforms.

“Among stock exchanges, low latency is critical to competitive success. Direct Edge wanted to reduce the already low latency of its system while supporting vastly larger trading volumes. It accomplished those goals and more by rejecting Linux or UNIX and instead building its new exchange on technology from Microsoft and Informatica.

Since implementation, Direct Edge’s market share has increased based in part on the large boost in transaction speeds and volumes and the high reliability of its new trading platform. With a market share of 9% to 11% of all trading volume in U.S. equities, Direct Edge trails the New York Stock Exchange (30%) and NASDAQ (20%), and is in a near tie for third place among U.S. stock exchanges. That milestone represented a rapid rise for the company, which had been founded just five years earlier as an electronic communications network and converted to a full-fledged stock exchange in summer 2010,” stated Microsoft.


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