Solid collaboration between the two companies in the area of capital markets has resulted in AtosEuronext porting its NSC stock and derivatives trading application to run on the NonStop Himalaya platform, and its application-connection, message switching application, the HUB, to run on the Compaq AlphaServer platform. The enhanced relationship provides for joint development, worldwide marketing and support of the Clearing21® product family. Under the terms of the agreement, AtosEuronext and Compaq will offer Clearing21 on Compaq’s NonStop Himalaya servers. NonStop Himalaya servers have delivered mission-critical processing systems for exchange automation over the past two decades.
The Clearing21 solution is currently in limited release to customers in the Far East and Europe. The solution will be available worldwide in mid-2002.
This agreement positions Compaq at the heart of business and technological innovation. State-of-the-art solutions designed by leading-edge partners, such as AtosEuronext, take full advantage of our unmatched NonStop Himalaya architecture, explained Fred Pennino, Compaq’s director of global capital markets industry solutions. Compaq has had a satisfying and rewarding relationship with AtosEuronext for more than a decade. This agreement extends and enhances that relationship and furthers our commitment to the global exchange industry and AtosEuronext.
We are extremely pleased to bring to market a solution that opens a new era for the clearing and settlement business. We expect the solution to be widely adopted in the very near future, said Dominique Brutin, chief executive officer, AtosEuronext. We have had very strong interest in the solution, as it provides adopters with a decisive business competitive advantage. Here again, AtosEuronext and Compaq drive innovation for the financial markets.
The new generation Clearing21 solution will enable stock exchanges and clearinghouses to react quickly to the growing market demand for real-time settlements at a time when clearing and settlement operations have become increasingly complex. Market globalization and the rapid growth of clearing and settlement volumes are driving the demand for clearing systems that can provide optimal market liquidity and clearing risk management for clearing houses and members across local and global markets.
Availability of Clearing21 on the NonStop Himalaya platform is a strategic milestone in the AtosEuronext and Compaq relationship. AtosEuronext and Compaq have re-affirmed their commitment to delivering state-of-the-art business solutions on the NonStop Himalaya platform to the exchange and clearing house industry, where the highest degree of innovation is required to meet the mission critical nature of the applications that drive the world markets.
SOURCE: COMPANY PRESS RELEASE
