Recently acquired integration services group Australian Business Technologies (ABT) has completed a $2 million systems upgrade for the Australian Stock Exchange (ASX) which includes the biggest sale yet of the latest IBM IntelliStations.
The increasing volume and diversity of the ASX's business activities, along with its search for cutting-edge online performance, forced it to replace aging Digital workstations with faster, more reliable late-model units.
This manifested in the form of 450 IBM IntelliStation M ProPentium III workstations which will now "act as the front end of the equity and derivatives electronic trading system", according to an IBM statement.
ABT has been in the news lately, having recently been acquired by Western Australian mining company Capital Energy, a move which has accelerated its elevation to a status as one of IBM's major solutions delivery partners.
The capital injection has also been linked to the integrator's plan to build a satellite telecommunications network for regional Australia.
As one of the ASX's preferred suppliers, ABT has been servicing a portion of the ASX's notebook, desktop and server technology needs over the last 12 months and rolled these latest workstations out during the third calendar quarter.
The products were distributed across the national network of ASX offices and into some of its chief information vendors.
"IBM's IntelliStation M Pro is perfectly suited to financial market environments," said Philip Bullock, GM of IBM's local personal systems group.
Angus Richards, deputy managing director of market operations for the ASX, agreed, saying that the products "excelled in all areas" when evaluated against competitive workstations.
"The ASX depends on its trading infrastructure to provide continuous performance and reliability, therefore it is crucial we deploy the best possible solutions," Richards said.
Richards also praised ABT's role in the equation. "The 450 IntelliStations were delivered on or before schedule and implementation was completed ahead of schedule, which was very impressive."