intelligent

Platform

TO ENSURE HIGH AVAILABILITY OF TRADING AUXILIARY PLATFORMS

The Amman Stock Exchange ( ASE ) recently successfully deployed Nutanix ’ s hyperconverged infrastructure-based Cloud Platform to eliminate hardware maintenance fees of over US $ 35,000 annually and significantly reduced operating expenses due to lower data centre energy consumption and space requirements . Eng Fadi Sodah , Director , Information and Communications Technology , Amman Stock Exchange , tells us why the company embarked on this initiative .

HE AMMAN STOCK Exchange

Company ( ASE ) operates , manages and develops the operations and activities of securities , commodities and derivatives markets inside and outside Jordan . ASE seeks to provide a strong and secure environment to ensure the interaction of supply and demand forces for trading in securities in line with proper and fair-trading practices and raising the awareness and knowledge of investing in the financial markets .

Key responsibilities of the company include providing electronic and manual systems , means of connection and communication and equipped halls with the necessary technical tools and devices to trade in securities , monitoring trading operations and coordinating with the Commission .

Business challenges

As ASE hosts the trading platform for the country of Jordan , IT is an integral part of its overall organisational strategy . The primary goal of the IT team is to build a robust and secure IT infrastructure that ensures seamless and secure access to services and information . “ To continuously improve the sustainability of our business , we utilise the best information technology infrastructure ,” explained Eng Fadi Sodah , Director , Information and Communications Technology at Amman Stock Exchange .

With the trading platform and auxiliary systems running on legacy hardware , which was originally installed in 2010 , ASE ’ s IT team faced several performance and maintenance challenges , along with the looming threat of disruption to their operations due to ageing IT infrastructure .

“ Our infrastructure couldn ’ t scale with business requirements and while our environment remained stable , every month we faced issues such as disk failure ,” said Sodah .

As years progressed , the team found it increasingly difficult to procure spare parts and upgrades were starting to become increasingly complicated and expensive .

“ Because of the nature of our operations , everything must run in real-time without any downtime , which warrants meticulous planning for any changes and maintenance . Every time we wanted to upgrade to the latest firmware , we had to replace a lot

Eng Fadi Sodah , Director , Information and Communications Technology , Amman Stock Exchange