SAN RAMON, CA--(Marketwire - Jun 16, 2011) - WANdisco, a leading provider of Apache Subversion-based software and services for the enterprise, has enabled Optiver's massive move from Australian Stock Market arbitrage to global trading on 40 exchanges using the impressive capabilities of Subversion MultiSite.
Initially developing software for the Australian Stock Exchange (ASX), Optiver encountered significant issues when expanding their operations globally. Optiver's single Syndey-based Subversion server soon became obsolete when simultaneous development in Amsterdam and Chicago became a necessity. WANdisco's Subversion MultiSite now enables Optiver to deliver the software required to cover more markets around the world, faster than ever.
Optiver relies heavily on its software developers to rapidly deliver custom applications that give its traders a competitive edge in the various global securities markets they trade in. Slow, unreliable access to the Sydney server with developers losing hours every week because of unplanned downtime meant a new solution was essential.
WANdisco's installation of Subversion MultiSite in Sydney, Amsterdam and Chicago enabled 24-by-7 development around the world with over 200 developers accessing the latest changes at local area network (LAN) speed regardless of where they originate. The slow network performance and downtime previously experienced by Optiver has been eliminated.
"As a stock exchange trading company our success lies in our ability to respond to changes in market conditions as soon as they happen anywhere in the world," said Rajinel Prasad, Director of Software Development at Optiver. "We couldn't do it without WANdisco's Subversion MultiSite. Now we develop better software faster. This means we make more money faster."
David Richards, President and CEO of WANdisco, said: "We are really pleased that Optiver has been able to transform their business into a truly global operation thanks to WANdisco's Subversion MultiSite. Major financial services firms like Optiver choose WANdisco because they know we provide the only viable option that enables them to support software development across several time zones simultaneously with complete peace of mind, 100 per cent uptime and 24-by-7 support."
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