Online Processing of Stock, Bond, Money Trades and Securities Around the Clock
Company Size
1,000+
Region
- America
Country
- United States
Product
- Radware’s Web Server Director (WSD)
- Radware’s Cache Server Director (CSD)
Tech Stack
- Web-based service applications
- Server load balancing
- Networked applications
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Application Infrastructure & Middleware - Data Exchange & Integration
- Networks & Connectivity - Network Management & Analysis Software
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Process Control & Optimization
- Real-Time Location System (RTLS)
Services
- Cloud Planning, Design & Implementation Services
- System Integration
About The Customer
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, is the primary infrastructure in the United States providing clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit derivatives. DTCC has operating facilities in multiple locations in the United States and overseas. Established in 1999 to bring together and integrate the operations of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC), DTCC’s purpose is to help grow the world economy by furthering the development of low-cost, efficient capital. DTCC’s subsidiaries serve the principal marketplaces in the U.S., The New York Stock Exchange (NYSE), Nasdaq and the American Stock Exchange, and other financial customers, including banks, broker-dealers, mutual fund companies and insurance carriers.
The Challenge
The Depository Trust & Clearing Corporation (DTCC) is the primary infrastructure in the United States providing clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit derivatives. With the changing nature of the financial services industry, technology is driving new ways of doing business. The time it takes to settle trades is being reduced to minimize risk, and trading volumes continue to escalate almost exponentially. To stay on top of the game, DTCC had to develop a vast scalable network of Web-based standardized, automated and centralized solutions that promote speed, connectivity, efficiency, lower risk and resiliency. Through this interconnected network, customers would be able to access all of DTCC’s Web-based applications over the Internet.
The Solution
DTCC selected Radware’s Web Server Director load balancer running on Radware’s hardware platform, adding and enhancing performance. The feature set and technology of the WSD were well suited to support DTCC’s broad range of Web-based application services. The WSD also manages Web servers deployed on DTCC’s network for high application availability, load balancing and eliminating service bottlenecks. These servers provide users with reliable, secure and redundant access to applications and information from a centralized access point across servers that are installed in multiple data centers. This enables DTCC to easily deploy new applications and access information remotely, delivering legacy applications over the Web while users enjoy reliable, high-speed performance from their remote PCs. DTCC’s network also uses Radware’s Cache Server Director (CSD) to improve Internet access for DTCC users. This is done by load balancing and optimizing its cache server farms of proxy servers, controlling peer-to-peer traffic and reducing bandwidth consumption.
Operational Impact
Quantitative Benefit
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