NEW YORK--(EON: Enhanced Online News)--SIFMA -– Mellanox® Technologies, Ltd. (NASDAQ:MLNX)(TASE:MLNX), a leading supplier of high-performance, end-to-end connectivity solutions for data center servers and storage systems, today announced that Toronto-based CNSX Markets Inc. has purchased Mellanox Vantage™ 6024 24-port 10GbE switches to accelerate market data distribution, and they will be rolled out to support other parts of the Canadian stock market’s operations.
“IT departments in financial capital markets are facing huge growth in the volume of market data, while they are also under pressure to improve trade execution times”
“Mellanox’s Vantage 10GbE switches deliver a material performance upgrade over the competition at a substantially lower cost,” said Richard W. Carleton, VP Corporate Development of CNSX Markets. “We are confident that Mellanox’s current products and roadmap provide CNSX Markets with a platform that will permit us to meet our customers’ needs as our business continues to grow.”
CNSX Markets operates two trading venues: the Canadian National Stock Exchange, a listed market for venture capital stocks, and Pure Trading, a high-capacity/low latency system for stocks listed on other Canadian stock exchanges. Given the extremely competitive nature of global financial markets, and growing demand for high-frequency trading, it is important for CNSX Markets to provide the fastest possible trade execution times and efficiently manage the inbound and outbound flows of orders and market information. The Canadian market plans to use Mellanox Ethernet and InfiniBand solutions to complement a trading infrastructure that offers the lowest possible latency.
“IT departments in financial capital markets are facing huge growth in the volume of market data, while they are also under pressure to improve trade execution times,” said Asaf Somekh, vice president of solution marketing at Mellanox Technologies. “CNSX Markets adds to the growing list of exchanges that turn to Mellanox to build networks with the best possible performance. We appreciate their commitment to Mellanox, and are looking forward to supporting their current and future needs.”
The Mellanox Vantage 6024 switch is a low latency, high performance Layer 2/3 top-of-rack switch, and enables new levels of efficiency, scalability and real-time application performance, while also consolidating multiple/redundant network tiers and significantly reducing infrastructure expenses. With 24 ports of 10GbE line-rate connectivity and power consumption as low as 115 Watts (4.8 Watts/port), the Mellanox Vantage 6024 switch features an impressive Layer two and three protocol stack, enabling the most robust and advanced 10GbE fabric.
Visit Mellanox Technologies at SIFMA (June 14-16, 2011)
Visit Mellanox Technologies at booth #1510 to see the full suite of Mellanox’s end-to-end high-performance Ethernet and InfiniBand data center connectivity products and how they enable high frequency trading and financial services with industry-leading low application latency, higher throughput and scalability.
- Learn more about Mellanox Ethernet Switches and NICs
- Learn more about Mellanox Switch Management and Storage Fabric Software
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About CNSX Markets
CNSX Markets Inc. is a recognized stock exchange in Canada that operates two marketplaces: the Canadian National Stock Exchange; and Pure Trading.
Pure Trading provides a high-capacity/low latency trading venue for Canadian-listed stocks; it is specifically designed to accommodate the trading and information needs of both traditional market participants and traders using high speed technologies to participate in the Canadian markets.
The Canadian National Stock Exchange competes for listings by offering lower fees and innovative continuous disclosure features designed to minimize regulatory costs while improving the quality of information available to investors. With over 150 securities listed, CNSX is a full service exchange for issuers of various types of securities from all business sectors.
Mellanox Technologies is a leading supplier of end-to-end InfiniBand and Ethernet connectivity solutions and services for servers and storage. Mellanox products optimize data center performance and deliver industry-leading bandwidth, scalability, power conservation and cost-effectiveness while converging multiple legacy network technologies into one future-proof architecture. The company offers innovative solutions that address a wide range of markets including HPC, enterprise, mega warehouse data centers, cloud computing, Internet and Web 2.0.
Mellanox, BridgeX, ConnectX, CORE-Direct, InfiniBridge, InfiniHost, InfiniScale, PhyX, Virtual Protocol Interconnect and Voltaire are registered trademarks of Mellanox Technologies, Ltd. FabricIT is a trademark of Mellanox Technologies, Ltd. All other trademarks are property of their respective owners.