SOURCE: Fortinet


June 27, 2011 09:00 ET

Chi-X Australia to Standardize on Fortinet for High Throughput, Low Latency Firewall

New Australian Market Operator to Help Secure Hundreds of Thousands of Transactions a Day With Fortinet

SUNNYVALE, CA--(Marketwire - Jun 27, 2011) - Fortinet® (NASDAQ: FTNT) a leading network security provider and the worldwide leader of unified threat management (UTM) solutions -- today announced that Chi-X Australia, a wholly-owned subsidiary of alternative trading venue operator Chi-X Global Inc., has deployed Fortinet technology as the core security solution for its low latency, high performance market venue.

Fortinet's products are designed for enterprises requiring robust firewall, virtual private network and intrusion prevention system (IPS) performance. As a market center, Chi-X Australia required a sophisticated firewall security solution that would help enable high-speed transaction rates with low transmission delays. Chi-X Australia selected Fortinet in Q2 2011 for the products performance including high throughput and low latency.

"We chose Fortinet because of its robust security, high performance and low latency platform. As an alternative market for trading Australia's leading securities, it is critical for us to have a network that is safe, secure and fast. We will ultimately process hundreds of thousands of transactions daily and for many of our market participants, one additional milli-second could mean a lost trading opportunity," said Mike Aikins, Chief Technology Officer of Chi-X Australia.

Chi-X Australia has deployed Fortinet network security appliances in high availability mode at both its primary and alternative data center locations and will also use the FortiAnalyzer appliance for granular reporting and analysis of traffic behavior.

Matthew Brazier, director, Fortinet Australia, said the solution adopted by Chi-X Australia provided the best performing, highest throughput, lowest latency solution possible. "The quest to reduce latency in all areas of the systems used to conduct financial trading is not driven by technical purism, but by the knowledge that micro-seconds and money are intrinsically linked. The Fortinet technology provides a low latency firewall conducive to Chi-X Australia's high speed environment, allowing Chi-X Australia to provide its participants secure access at the fastest possible rate."

About Chi-X Australia
Chi-X Australia is a wholly-owned subsidiary of Chi-X Global Inc. Chi-X Australia plans to offer a valuable alternative to trading on ASX. Chi-X Australia will provide a low latency, high performance alternative market for trading Australia's leading securities, as well as a trade reporting platform. The launch of Chi-X Australia will introduce innovative new order types, the potential for lower costs and a more efficient way to trade. Chi-X Australia has received an Australian Market Licence and plans to launch in the fourth quarter of 2011.

About Chi-X®Global
Chi-X Global Inc. is driven to be an industry leader in operating trading venues and generating innovative products and services for the benefit of the financial markets and the global trading community. The company believes that competition from technology-driven markets increases overall market volumes and improves investor performance, providing benefits to all participants.

Chi-X Global is a subsidiary of electronic trading pioneer Instinet Incorporated, a wholly-owned subsidiary of Nomura Holdings, Inc. The Chi-X Global group includes Chi-X Canada, Chi-X Japan and Chi-East (a 50:50 joint venture with the Singapore Exchange) -- all of which operate innovative market venues in their respective jurisdictions -- as well as Chi-FX and the Chi-Tech technology services unit. Chi-X Australia has received an Australian market licence and plans to launch in the fourth quarter of 2011.

About Fortinet(
Fortinet (NASDAQ: FTNT) is a worldwide provider of network security appliances and the market leader in unified threat management (UTM). Our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2009 Fortune Global 100. Fortinet's flagship FortiGate product delivers Application Specific Integrated Circuit (ASIC)-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Fortinet's broad product line goes beyond UTM to help secure the extended enterprise -- from endpoints, to the perimeter and the core, including databases and applications. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.

Copyright © 2011 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiDB and FortiWeb. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. This news release may contain forward-looking statements that involve uncertainties and assumptions. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to, any statements related to expected trends in cybercriminal activity. These trends are difficult to predict and any stated expectations regarding these trends may not ultimately be correct. Fortinet assumes no obligation to update any forward-looking statements, and does not intend to update these forward-looking statements.

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