Shenzhen Stock Exchange Builds Innovative Industry Cloud to Meet Explosive Demand for High Performance Systems
Customer Company Size
Large Corporate
Region
- Asia
Country
- China
Product
- Mirantis OpenStack Platform
- Juniper Contrail
- OpenStack Fuel tool
- OpenStack 7.0
- Ceph and dedicated SAN storage pools
Tech Stack
- OpenStack
- Software Defined Networking (SDN)
- Intel based servers
- Hadoop
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Infrastructure as a Service (IaaS) - Cloud Computing
- Infrastructure as a Service (IaaS) - Cloud Storage Services
- Networks & Connectivity - Software-Defined Networking
Applicable Industries
- Finance & Insurance
Applicable Functions
- Discrete Manufacturing
- Logistics & Transportation
Use Cases
- Predictive Maintenance
- Fleet Management
- Edge Computing & Edge Intelligence
Services
- Cloud Planning, Design & Implementation Services
- Software Design & Engineering Services
- System Integration
About The Customer
The Shenzhen Stock Exchange (SZSE) is located in southeast China’s fast-growing Guangdong Province. It processes millions of trades each day for its 1700 listed companies. The country’s second-largest exchange now handles 14 trillion RMB of transactions per month. The investment industry in China is expanding quickly, with private equity funds now exceeding 20,000, a 120 percent increase in eight months, and fund management growth is outpacing the total finance market. Shenzhen Securities Communication Co (SSCC), the IT services subsidiary of SZSE, provides IT services to SZSE and hundreds of other financial institutions. In addition to providing market data, trading, and clearing for the exchange, it maintains data centers throughout the country to service investment companies.
The Challenge
The Shenzhen Stock Exchange (SZSE), China's second-largest exchange, was experiencing rapid growth, processing millions of trades each day for its 1700 listed companies. However, the existing IT systems were not meeting the computational needs of fund managers. Traditional client-server technology began to fall short of performance requirements and lacked the flexibility to accommodate fast-moving industry developments. To thrive, fund managers needed new systems that were scalable, centralized, and not locked into specific vendors or architectures. The new systems also needed to be high-performing, elastic, open, and secure to meet the stringent regulations of the China Securities Regulatory Commission (CSRC).
The Solution
In 2014, SSCC developed a vision to enhance systems for the entire community by building an industry-first financial cloud; a public cloud accessible only to investment companies. To bring this vision to reality, SSCC chose Mirantis to design and deploy the new cloud. The core production center of the new financial cloud is located in Dongguan while data centers in Beijing, Hong Kong, Shanghai, Shenzhen, and Wuhan provide regional, backup, and application-specific resources. The Mirantis based OpenStack financial cloud architecture includes Juniper Contrail in high availability (HA) mode for Software Defined Networking (SDN) and two types of Cinder backend storage pools – Ceph and dedicated SAN for mission-critical applications. The OpenStack Fuel tool, included in the Mirantis OpenStack distribution, is used to deploy and manage all components of the cloud.
Operational Impact
Quantitative Benefit
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