Qatar Exchange rolls out Red Hat

Exchange shifts trading platform from IBM AIX to Red Hat Linux

Tags: QatarQatar ExchangeRed Hat Incorporation
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Qatar Exchange rolls out Red Hat Qatar Exchange is now runnings its trading platform on Red Hat Linux. (Getty Images)
By  Mark Sutton Published  February 13, 2011

The Doha-based stock market Qatar Exchange has switched its trading platforms on to Red Hat Linux, for greater operational flexibility, maximal uptime and integration.

The exchange migrated IBM's AIX platform to Red Hat Linux, to run its trading platform, as well as adding Red Hat Network Satellite to provide systems updates and Red Hat clustering to maximize uptime.

Red Hat is also providing Qatar Exchange with a long-term infrastructure road map based on open source technologies.

NYSE Euronext, which formed a strategic partnership with Qatar Holdings in June 2009, also uses Red Hat Linux as its technology platform, and the deployment will enable better integration between the exchanges. Qatar Exchange also uses some trading applications developed by NYSE Euronext.

"Qatar Exchange currently executes around 4,000 exchange transactions per day and 12,000 orders per day, making the trading platform a truly mission-critical application that needs to perform reliably under pressure," said Jassim Bukashisha, IT director at Qatar Exchange.

"Unplanned downtime is not an option, so we need to be confident that we have the right technology partner behind us. Red Hat provided us with an enterprise-class solution that is high in performance, incredibly robust and proven to be secure, all at an affordable price without any compromise on performance," he added.

The exchange also uses Oracle databases for trading, Tomcat for web user interfaces, on HP DL 380 rack-mounted servers running Intel x86 CPUs, with storage on HP EVA 4400 and SAN switches by Brocade.

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