Radware Case Studies Online Processing of Stock, Bond, Money Trades and Securities Around the Clock

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	Online Processing of Stock, Bond, Money Trades and Securities Around the Clock Radware

Online Processing of Stock, Bond, Money Trades and Securities Around the Clock

Radware

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration Networks & Connectivity - Network Management & Analysis Software
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Process Control & Optimization Real-Time Location System (RTLS)
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	The Depository Trust & Clearing Corporation (DTCC) is the primary infrastructure in the United States providing clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit derivatives. With the changing nature of the financial services industry, technology is driving new ways of doing business. The time it takes to settle trades is being reduced to minimize risk, and trading volumes continue to escalate almost exponentially. To stay on top of the game, DTCC had to develop a vast scalable network of Web-based standardized, automated and centralized solutions that promote speed, connectivity, efficiency, lower risk and resiliency. Through this interconnected network, customers would be able to access all of DTCC’s Web-based applications over the Internet. Read More
About Customer	The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, is the primary infrastructure in the United States providing clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit derivatives. DTCC has operating facilities in multiple locations in the United States and overseas. Established in 1999 to bring together and integrate the operations of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC), DTCC’s purpose is to help grow the world economy by furthering the development of low-cost, efficient capital. DTCC’s subsidiaries serve the principal marketplaces in the U.S., The New York Stock Exchange (NYSE), Nasdaq and the American Stock Exchange, and other financial customers, including banks, broker-dealers, mutual fund companies and insurance carriers. Read More
Solution	DTCC selected Radware’s Web Server Director load balancer running on Radware’s hardware platform, adding and enhancing performance. The feature set and technology of the WSD were well suited to support DTCC’s broad range of Web-based application services. The WSD also manages Web servers deployed on DTCC’s network for high application availability, load balancing and eliminating service bottlenecks. These servers provide users with reliable, secure and redundant access to applications and information from a centralized access point across servers that are installed in multiple data centers. This enables DTCC to easily deploy new applications and access information remotely, delivering legacy applications over the Web while users enjoy reliable, high-speed performance from their remote PCs. DTCC’s network also uses Radware’s Cache Server Director (CSD) to improve Internet access for DTCC users. This is done by load balancing and optimizing its cache server farms of proxy servers, controlling peer-to-peer traffic and reducing bandwidth consumption. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Networks & Connectivity - Network Management & Analysis Software

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Process Control & Optimization

Real-Time Location System (RTLS)

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

The Depository Trust & Clearing Corporation (DTCC) is the primary infrastructure in the United States providing clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit derivatives. With the changing nature of the financial services industry, technology is driving new ways of doing business. The time it takes to settle trades is being reduced to minimize risk, and trading volumes continue to escalate almost exponentially. To stay on top of the game, DTCC had to develop a vast scalable network of Web-based standardized, automated and centralized solutions that promote speed, connectivity, efficiency, lower risk and resiliency. Through this interconnected network, customers would be able to access all of DTCC’s Web-based applications over the Internet.

About Customer

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, is the primary infrastructure in the United States providing clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit derivatives. DTCC has operating facilities in multiple locations in the United States and overseas. Established in 1999 to bring together and integrate the operations of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC), DTCC’s purpose is to help grow the world economy by furthering the development of low-cost, efficient capital. DTCC’s subsidiaries serve the principal marketplaces in the U.S., The New York Stock Exchange (NYSE), Nasdaq and the American Stock Exchange, and other financial customers, including banks, broker-dealers, mutual fund companies and insurance carriers.

Solution

DTCC selected Radware’s Web Server Director load balancer running on Radware’s hardware platform, adding and enhancing performance. The feature set and technology of the WSD were well suited to support DTCC’s broad range of Web-based application services. The WSD also manages Web servers deployed on DTCC’s network for high application availability, load balancing and eliminating service bottlenecks. These servers provide users with reliable, secure and redundant access to applications and information from a centralized access point across servers that are installed in multiple data centers. This enables DTCC to easily deploy new applications and access information remotely, delivering legacy applications over the Web while users enjoy reliable, high-speed performance from their remote PCs. DTCC’s network also uses Radware’s Cache Server Director (CSD) to improve Internet access for DTCC users. This is done by load balancing and optimizing its cache server farms of proxy servers, controlling peer-to-peer traffic and reducing bandwidth consumption.

Impact #1	DTCC provides its customers with reliable, fast, fault-tolerant online services 24x7, processing billions of dollars in transactions each day
Impact #2	The maintenance of Web servers is completely invisible to the customer
Impact #3	DTCC can guarantee the fault-tolerant operation of its cache servers, for uninterrupted content availability, while intelligently managing cached content for increased hit rates and improved responsiveness

Impact #1

DTCC provides its customers with reliable, fast, fault-tolerant online services 24x7, processing billions of dollars in transactions each day

Impact #2

The maintenance of Web servers is completely invisible to the customer

Impact #3

DTCC can guarantee the fault-tolerant operation of its cache servers, for uninterrupted content availability, while intelligently managing cached content for increased hit rates and improved responsiveness

Benefit #1	Handled $2.2 trillion in cash dividend, interest, reorganization, redemption and maturity payments in 2003
Benefit #2	Provided trade guarantee, netting and risk management services for equity and debt (broker-to-broker) transactions worth $81.2 trillion
Benefit #3	The total value of transactions cleared and settled by all DTCC subsidiaries annually is over $900 trillion dollars

Benefit #1

Handled $2.2 trillion in cash dividend, interest, reorganization, redemption and maturity payments in 2003

Benefit #2

Provided trade guarantee, netting and risk management services for equity and debt (broker-to-broker) transactions worth $81.2 trillion

Benefit #3

The total value of transactions cleared and settled by all DTCC subsidiaries annually is over $900 trillion dollars

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Overview

Online Processing of Stock, Bond, Money Trades and Securities Around the Clock

Operational Impact

Quantitative Benefit