SOURCE: S3 Matching Technologies

April 28, 2008 06:00 ET

S3 Matching Technologies to Launch Triple Redundancy for Its Financial Services Clients

Expected to Be First of Its Kind in Financial Services Industry

AUSTIN, TX--(Marketwire - April 28, 2008) - S3 Matching Technologies, which provides mission critical data services to numerous Fortune 50 enterprises, is deploying triple redundancy to make an interruption of the market data or data center processing almost a mathematical impossibility. The configuration will include two separate market data providers delivering multiple feeds to three geographically diverse data centers.

"There is no business without data," said S3 CEO Jack Holt. "And it's our job to protect it. Our customers want to reduce risk and we are trying to eliminate any down time. S3's historical 99.9% performance standards are the best in this industry but we'll never stop trying to get better."

In Nutley, New Jersey, S3 has launched a redundant operation to stream and process in real time all market data from the country's financial exchanges. An unprecedented level of hardware and data storage has been added to the Nutley facility to manage and retain any sized spike in market data and maintain a constant feed from the market exchanges. This data center will duplicate operations already functioning at S3's headquarters in Austin. In the coming months, a third streaming, storage, and analysis facility will begin the same processes in Chicago.

"The role of data in the financial services industry has evolved," said Rod Taylor, VP of S3's Financial Services division. "Processing, analyzing, and reporting in real time is essential to competing in the markets. Nobody offers more certainty than we do regarding constant information from the markets."

S3 is recognized as the leaders in data management for the financial services industry. The company's success has been connected to an early recognition of the increased importance of trade execution analysis and an ability to handle the staggering amount of market data growth, which has prompted the need for unequalled redundant systems.

About S3 Matching Technologies (www.S3.com)

S3 is an Austin, Texas based company focused on providing data quality management software for the IT, telecom, financial services, and healthcare industries. S3 invented TeraMatch®, the first ever hybrid algorithmic and rules-based matching engine. S3's software is deployed as managed services.

Contact Information

  • CONTACT:
    S3 Matching Technologies
    Jim Moore
    Email Contact
    512.300.9232