Financial Services

Enhance financial applications with speed and certainty across the globe

Globalization of capital markets has led to a significant rise in the volume of financial data, and the demand continues to increase daily as around-the-clock trading leads to new regulatory requirements and the launch of profitable emerging markets. The only thing that is constant in global markets is change. The financial firms that embrace and leverage that change are the ones that thrive within their highly-competitive industry.

While high frequency and algorithmic traders need real-time market data to capture opportunities before the markets change, other firms rely on equally massive amounts of historical data to project trends and calculate market risk on portfolios. No matter the firm’s specialty, the need for predictable, timely delivery of market data is required for formulating sound trading and investment strategy.

With globalization of the economy, data sovereignty dictates the data be stored within national boundaries but accessed remotely for processing. This cannot be achieved with conventional file transfer mechanisms and needs real-time remote access of data.

Also it is imperative to be able to follow the sun to close transactions, from geo-diverse customers, brokers and traders as they depend 24×7 on the performance and reliability of their networks. Settlement and clearing of transactions between global sites of financial institutions also demand the same level of performance. Seamless BCDR is essential for the availability of data to minimize down-time and financial impact especially for these applications.

Bay’s integrated data solution ‒ Max Data Xchange™ (MaxDX™) ‒ provides a unified data platform to eliminate the common challenges of financial applications such as volume, distance, network performance and data delivery. It empowers bankers to embrace change as a strategic value by facilitating data delivery, collaboration and continuous operation across the country or around the globe.

Benefits
  • Low latency, high performance connectivity between exchanges, data centers and clients to improve trading strategy and access to market data
  • Improved decision making with timeliness of data delivery
  • Remote location-independent collaboration enabled by enterprise storage-based workflow ‒ central database, in-place analytics, remote data fusing, remote data-set processing
  • Deterministic, synchronous replication over global distances for backup and recovery of business applications and data after outages/disasters