IBM enables Abu Dhabi Securities Market

Gulf Business Machines has provided the infratructure that enables Securities trading in the UAE's first securities exchange, the Abu Dhabi Securities Market

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By  Mark Sutton Published  December 11, 2000

Gulf Business Machines (GBM) IBM’s UAE trading arm, is providing the complete infrastructure for the Abu Dhabi Securities Market (ADSM). GBM is providing complete deployment of IBM solutions, from servers to networking for the Market, and training for ADSM’s staff.

The system will handle trading, clearing, depository and settlement for the exchange, which began operations in mid-November. IBM AS/400, RS/6000 and Netfinity servers provide the core of the system, with Advanced Connectivity System, a structured cabling system, providing voice and data connectivity. The AS/400 and RS/6000 will handle the trading operations, and are mirrored to handle failover, with the Netfinity servers used for web hosting and messaging.

High availability switches, routers, firewalls and Cisco Works Network Management software rounded out the central systems. High availability systems and storage management are provided by Tivoli packages, including MIMIX, to minimise unplanned downtime and manage disaster recovery. Storage and backup is handled by IBM Magstar tapes; with Lotus Notes and Workflow completing the system.

“We selected GBM because of their highly professional technical skills, their ability to offer value-added products and services, and their commitment to deliver within tight quality and deadline requirements,” said Elie Ghanem, business development consultant of ADSM. “GDM is also setting mechanisms for risk management, change management, quality assurance and review, to reduce the risks and costs associated within an automation project of this type.”

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