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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Breaking News - Operating Systems & Middleware:
NZX First In New Zealand To Float On Oracle Database 10g
New Zealand Exchange Limited (NZX), operator of New Zealand's only registered
securities exchange, is consolidating 21 operational databases into a single
source of data, powered by Oracle Database 10g.
The new version of Oracle's market-leading database was chosen for its solid
reliability and stability, with NZX the first New Zealand company to implement
the latest version. Information consolidation will enable increased service
levels by allowing queries to be answered faster and aid NZX decision-making
in identifying new service opportunities. Other anticipated benefits from the
move to Oracle Database 10g include more-efficient IT resource allocation and
reduced operational costs.
The speed enhancements gained through the move to Oracle Database 10g are
substantial, with one key query now running 600 times faster. NZX's HIST
application connects to NZX's trading system and stores all the data on
historical trades. NZX Advisors often query the 1.8GB database to identify
maximum trade values. Today this query is completed in 0.03 seconds, rather
than 36 seconds.
"A real-time business like NZX needs instant answers and Oracle Database 10g
delivers just that," said Chris Corke, chief information officer of NZX. "As a
commercially innovative organization, it is crucial that we continue to
identify the best tools to meet our needs. A single source of data is a
significant component in helping us achieve this as well as meet internal and
external performance targets."
"I'm pleased that an organization as progressive as NZX is the first in New
Zealand to move to Oracle Database 10g," said Robert Gosling, country manager
of Oracle New Zealand. "The project at NZX is a great case study for the power
of the total Oracle offering -- market-defining products backed by experts in
the Oracle Services organization, who worked intimately with NZX to make
migration painless. For companies with large database workloads, Oracle
Database 10g and Oracle Real Application Clusters 10g are a strong proposition
and will be the foundation for a Grid infrastructure."
The project started in November 2003, with the strategic objective to build an
information architecture that could grow and adapt with the
constantly-changing commercial environment that NZX operates in. Oracle
Services has already helped NZX complete the first phase, upgrading its
Oracle8i Database. The next phase will require the consolidation of
information from 20 third-party databases, while stage three will include the
addition of customer relationship management (CRM) tools.
In the near future, NZX hopes to use the in-built Grid Computing features of
Oracle Database 10g to gain even greater price, performance and flexibility
benefits.
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