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Over the past decade, the financial sector, like many other industries, has experienced massive data growth. Today’s trading firms are transitioning their algorithmic models from intraday to multi-day trading. This transition, coupled with ongoing exponential growth in daily transactions, means that financial systems can no longer store their active trade datasets in memory or on isolated quantitative trading systems handling multiple concurrent jobs.
Instead, firms are requiring much larger infrastructures to keep deeper and richer datasets longer and handle hundreds of thousands to millions of concurrent jobs. The industry has begun to adopt edge architectures that host smaller real-time datasets requiring higher performance characteristics with improved scalability to near real-time and historical data. These distinct datasets are where the data analysis takes place throughout the tick data infrastructure.
To handle today’s data requirements, a storage solution must provide:
Dell PowerScale all-flash, scale-out NAS systems meet these requirements, providing an ideal platform for algorithmic trading. PowerScale enables financial institutions to scale performance, capacity, and concurrency nondisruptively and easily with unmatched efficiency.