Press Releases
RW Smith Launches New Internal Trading Platform
NEWS RELEASE
March 2008
RW Smith is proud to announce the introduction of a new electronic trading system. This new platform, developed between RW Smith and the Zia Corporation, places high requirements on: performance, reliability, manageability, security, and flexibility. Through building and maintaining a state-of-the-art trading system that facilitates efficiency and compliance, RW Smith demonstrates its continuing commitment to further the development and support of a highly liquid municipal secondary market.
To maximize the performance of this newly developed advanced trading platform, RW Smith enhanced its architecture with the acquisition of new HP ProLiant servers, Microsoft Windows Server 2003 operating systems, Microsoft SQL server, Quality of Service (QoS) queues, and an enhanced VPN solution. The performance and transaction processing of the new trading system has nearly doubled while overall support and maintenance costs are projected to be reduced by up to 25 percent by the end of 2008.
“The new trading system is designed to facilitate and simplify access to a wealth of information,” said Denien Rasmussen, Chief Operating Officer. “The new architecture has improved performance at a lower TCO, and allows us the flexibility to further develop enhancements to our trading technologies. Enhancements to infrastructure elements have allowed the system to deliver high levels of processing performance with increased stability. This trading technology gives RW Smith a competitive advantage in the financial industry.”