Mirantis Case Studies Shenzhen Stock Exchange Builds Innovative Industry Cloud to Meet Explosive Demand for High Performance Systems

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	Shenzhen Stock Exchange Builds Innovative Industry Cloud to Meet Explosive Demand for High Performance Systems Mirantis

Shenzhen Stock Exchange Builds Innovative Industry Cloud to Meet Explosive Demand for High Performance Systems

Mirantis

Technology Category	Infrastructure as a Service (IaaS) - Cloud Computing Infrastructure as a Service (IaaS) - Cloud Storage Services Networks & Connectivity - Software-Defined Networking
Applicable Industries	Finance & Insurance
Applicable Functions	Discrete Manufacturing Logistics & Transportation
Use Cases	Edge Computing & Edge Intelligence Fleet Management Predictive Maintenance
Services	Cloud Planning, Design & Implementation Services Software Design & Engineering Services System Integration
Challenge	The Shenzhen Stock Exchange (SZSE), China's second-largest exchange, was experiencing rapid growth, processing millions of trades each day for its 1700 listed companies. However, the existing IT systems were not meeting the computational needs of fund managers. Traditional client-server technology began to fall short of performance requirements and lacked the flexibility to accommodate fast-moving industry developments. To thrive, fund managers needed new systems that were scalable, centralized, and not locked into specific vendors or architectures. The new systems also needed to be high-performing, elastic, open, and secure to meet the stringent regulations of the China Securities Regulatory Commission (CSRC). Read More
About Customer	The Shenzhen Stock Exchange (SZSE) is located in southeast China’s fast-growing Guangdong Province. It processes millions of trades each day for its 1700 listed companies. The country’s second-largest exchange now handles 14 trillion RMB of transactions per month. The investment industry in China is expanding quickly, with private equity funds now exceeding 20,000, a 120 percent increase in eight months, and fund management growth is outpacing the total finance market. Shenzhen Securities Communication Co (SSCC), the IT services subsidiary of SZSE, provides IT services to SZSE and hundreds of other financial institutions. In addition to providing market data, trading, and clearing for the exchange, it maintains data centers throughout the country to service investment companies. Read More
Solution	In 2014, SSCC developed a vision to enhance systems for the entire community by building an industry-first financial cloud; a public cloud accessible only to investment companies. To bring this vision to reality, SSCC chose Mirantis to design and deploy the new cloud. The core production center of the new financial cloud is located in Dongguan while data centers in Beijing, Hong Kong, Shanghai, Shenzhen, and Wuhan provide regional, backup, and application-specific resources. The Mirantis based OpenStack financial cloud architecture includes Juniper Contrail in high availability (HA) mode for Software Defined Networking (SDN) and two types of Cinder backend storage pools – Ceph and dedicated SAN for mission-critical applications. The OpenStack Fuel tool, included in the Mirantis OpenStack distribution, is used to deploy and manage all components of the cloud. Read More Log in to view content
Contents

Technology Category

Infrastructure as a Service (IaaS) - Cloud Computing

Infrastructure as a Service (IaaS) - Cloud Storage Services

Networks & Connectivity - Software-Defined Networking

Applicable Industries

Finance & Insurance

Applicable Functions

Discrete Manufacturing

Logistics & Transportation

Use Cases

Edge Computing & Edge Intelligence

Fleet Management

Predictive Maintenance

Services

Cloud Planning, Design & Implementation Services

Software Design & Engineering Services

System Integration

Challenge

The Shenzhen Stock Exchange (SZSE), China's second-largest exchange, was experiencing rapid growth, processing millions of trades each day for its 1700 listed companies. However, the existing IT systems were not meeting the computational needs of fund managers. Traditional client-server technology began to fall short of performance requirements and lacked the flexibility to accommodate fast-moving industry developments. To thrive, fund managers needed new systems that were scalable, centralized, and not locked into specific vendors or architectures. The new systems also needed to be high-performing, elastic, open, and secure to meet the stringent regulations of the China Securities Regulatory Commission (CSRC).

About Customer

The Shenzhen Stock Exchange (SZSE) is located in southeast China’s fast-growing Guangdong Province. It processes millions of trades each day for its 1700 listed companies. The country’s second-largest exchange now handles 14 trillion RMB of transactions per month. The investment industry in China is expanding quickly, with private equity funds now exceeding 20,000, a 120 percent increase in eight months, and fund management growth is outpacing the total finance market. Shenzhen Securities Communication Co (SSCC), the IT services subsidiary of SZSE, provides IT services to SZSE and hundreds of other financial institutions. In addition to providing market data, trading, and clearing for the exchange, it maintains data centers throughout the country to service investment companies.

Solution

In 2014, SSCC developed a vision to enhance systems for the entire community by building an industry-first financial cloud; a public cloud accessible only to investment companies. To bring this vision to reality, SSCC chose Mirantis to design and deploy the new cloud. The core production center of the new financial cloud is located in Dongguan while data centers in Beijing, Hong Kong, Shanghai, Shenzhen, and Wuhan provide regional, backup, and application-specific resources. The Mirantis based OpenStack financial cloud architecture includes Juniper Contrail in high availability (HA) mode for Software Defined Networking (SDN) and two types of Cinder backend storage pools – Ceph and dedicated SAN for mission-critical applications. The OpenStack Fuel tool, included in the Mirantis OpenStack distribution, is used to deploy and manage all components of the cloud.

Impact #1	SSCC’s current OpenStack deployment supports market data and fund management workloads for small and mid-sized financial firms.
Impact #2	With access to these systems, fund managers are able to reduce market data workload costs and shrink application response times.
Impact #3	By running fund management solutions on SSCC’s OpenStack financial cloud rather than in-house, investment companies are able to lower IT capital and operating costs, and focus their resources on investment performance.

Impact #1

SSCC’s current OpenStack deployment supports market data and fund management workloads for small and mid-sized financial firms.

Impact #2

With access to these systems, fund managers are able to reduce market data workload costs and shrink application response times.

Impact #3

By running fund management solutions on SSCC’s OpenStack financial cloud rather than in-house, investment companies are able to lower IT capital and operating costs, and focus their resources on investment performance.

Benefit #1	30% decrease in systems costs
Benefit #2	90% reduction in application response time

Benefit #1

30% decrease in systems costs

Benefit #2

90% reduction in application response time

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Overview

Shenzhen Stock Exchange Builds Innovative Industry Cloud to Meet Explosive Demand for High Performance Systems

Operational Impact

Quantitative Benefit