Case Studies Hazelcast IMDG accelerates Financial Market Data access For Investment Banking

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	Hazelcast IMDG accelerates Financial Market Data access For Investment Banking

Hazelcast IMDG accelerates Financial Market Data access For Investment Banking

Technology Category	Analytics & Modeling - Real Time Analytics Application Infrastructure & Middleware - Data Exchange & Integration Application Infrastructure & Middleware - Database Management & Storage
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Predictive Maintenance Real-Time Location System (RTLS) Remote Asset Management
Services	Software Design & Engineering Services System Integration
Challenge	Market Data systems in investment banking require the ability to onboard new data feeds quickly and efficiently. Traditional relational databases and NoSQL solutions often fall short due to their reliance on disk-based storage, leading to poor application query performance and unacceptable online customer experiences. Integrating multiple market data feeds without impacting existing throughput is critical, but schema changes in RDBMS can introduce narrow maintenance windows and system impacts. Additionally, trading desk systems demand low latency access to data, which is often measured in microseconds. The complexity and high cost of maintaining these data feeds can stifle innovation and lead to duplication of efforts across multiple development teams. Read More
About Customer	National Australia Bank (NAB) is one of the largest financial institutions in Australia, providing a wide range of banking and financial services. NAB was looking for a replacement for their existing Ehcache-based solution to cache session objects for their API gateway. The existing solution was neither scalable nor capable of providing stable uptime. All digital channels, from mobile to Internet Banking, as well as other groups, access backend systems through this API gateway. The gateway provides security, threat perception, and transformation. NAB evaluated Hazelcast IMDG and Redis, ultimately choosing Hazelcast IMDG for its elasticity, scalability, and highly available distributed solution. NAB has two Hazelcast clusters across two data centers, kept in sync using WAN Replication from Hazelcast IMDG Enterprise. Read More
Solution	Hazelcast IMDG was chosen as the ideal solution for NAB's needs. Hazelcast uses a single standard Java API and provides native language clients for Java, Scala, Node.js, Python, .NET, and C++, as well as an Open Client network Protocol for building any other native language client needed. Hazelcast is a schema-less in-memory data store, approximately 1,000 times faster than RDBMS, achieving query and update times measured in microseconds for high volumes of data. This allows for the quick and easy integration of multiple market data feeds without impacting existing throughput. Hazelcast's unique in-memory management drastically narrows latency volatility to levels unachievable with NoSQL and RDBMS systems. With Hazelcast IMDG, ROI can be achieved through reduced data integration effort, maximization of economies of scale in terms of memory utilization, and ongoing operational costs, both in terms of hardware and software. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Application Infrastructure & Middleware - Database Management & Storage

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Predictive Maintenance

Real-Time Location System (RTLS)

Remote Asset Management

Services

Software Design & Engineering Services

System Integration

Challenge

Market Data systems in investment banking require the ability to onboard new data feeds quickly and efficiently. Traditional relational databases and NoSQL solutions often fall short due to their reliance on disk-based storage, leading to poor application query performance and unacceptable online customer experiences. Integrating multiple market data feeds without impacting existing throughput is critical, but schema changes in RDBMS can introduce narrow maintenance windows and system impacts. Additionally, trading desk systems demand low latency access to data, which is often measured in microseconds. The complexity and high cost of maintaining these data feeds can stifle innovation and lead to duplication of efforts across multiple development teams.

About Customer

National Australia Bank (NAB) is one of the largest financial institutions in Australia, providing a wide range of banking and financial services. NAB was looking for a replacement for their existing Ehcache-based solution to cache session objects for their API gateway. The existing solution was neither scalable nor capable of providing stable uptime. All digital channels, from mobile to Internet Banking, as well as other groups, access backend systems through this API gateway. The gateway provides security, threat perception, and transformation. NAB evaluated Hazelcast IMDG and Redis, ultimately choosing Hazelcast IMDG for its elasticity, scalability, and highly available distributed solution. NAB has two Hazelcast clusters across two data centers, kept in sync using WAN Replication from Hazelcast IMDG Enterprise.

Solution

Hazelcast IMDG was chosen as the ideal solution for NAB's needs. Hazelcast uses a single standard Java API and provides native language clients for Java, Scala, Node.js, Python, .NET, and C++, as well as an Open Client network Protocol for building any other native language client needed. Hazelcast is a schema-less in-memory data store, approximately 1,000 times faster than RDBMS, achieving query and update times measured in microseconds for high volumes of data. This allows for the quick and easy integration of multiple market data feeds without impacting existing throughput. Hazelcast's unique in-memory management drastically narrows latency volatility to levels unachievable with NoSQL and RDBMS systems. With Hazelcast IMDG, ROI can be achieved through reduced data integration effort, maximization of economies of scale in terms of memory utilization, and ongoing operational costs, both in terms of hardware and software.

Impact #1	Hazelcast IMDG provided NAB with a scalable and elastic solution, ensuring stable and always-on access to their API gateway.
Impact #2	The solution allowed for more concurrent users in the system with quicker access to the gateway.
Impact #3	NAB's two Hazelcast clusters across two data centers are kept in sync using WAN Replication from Hazelcast IMDG Enterprise.

Impact #1

Hazelcast IMDG provided NAB with a scalable and elastic solution, ensuring stable and always-on access to their API gateway.

Impact #2

The solution allowed for more concurrent users in the system with quicker access to the gateway.

Impact #3

NAB's two Hazelcast clusters across two data centers are kept in sync using WAN Replication from Hazelcast IMDG Enterprise.

Benefit #1	Hazelcast IMDG is approximately 1,000 times faster than RDBMS, achieving query and update times measured in microseconds.
Benefit #2	NAB's two Hazelcast clusters across two data centers are kept in sync using WAN Replication from Hazelcast IMDG Enterprise.

Benefit #1

Hazelcast IMDG is approximately 1,000 times faster than RDBMS, achieving query and update times measured in microseconds.

Benefit #2

NAB's two Hazelcast clusters across two data centers are kept in sync using WAN Replication from Hazelcast IMDG Enterprise.

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Overview

Hazelcast IMDG accelerates Financial Market Data access For Investment Banking

Operational Impact

Quantitative Benefit