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Australian Stock Exchange secures business continuity with Nortel

  • 09 December, 2005 13:15

<p>SYDNEY, Australia – The Australian Stock Exchange (ASX), Australia’s primary national stock exchange, has completed a business continuity and disaster recovery (BCDR) project linking its offsite operations centre with its Sydney central business district (CBD) headquarters using a high-speed network from Nortel* [NYSE/TSX: NT].</p>
<p>The new network links the ASX’s Business Continuity centre with its CBD centre in real time, providing a secure backup facility if trading is disrupted for any reason. The two sites communicate with each other over a Nortel optical network.</p>
<p>"Each day billions of dollars worth of transactions are processed across the trading network hence continuity and reliability are mandatory to our needs. Our setup is second to none with regards to security and reliability," said Jeff Olsson, Group Executive - Technology, ASX.</p>
<p>"We aim for 99-plus percent reliability, but our target has always been zero downtime and in our long association with Nortel we've had 100 percent uptime on our network. By that measure the relationship has proven to be very successful. ASX is now continuing the development of its network and reinforcing its business continuity structures to make sure the exchange can continue giving customers the uninterrupted service they expect.”</p>
<p>“Business continuity has become a priority for large organisations worldwide as they increasingly have to compete against global challengers and local threats,” said Mark Stevens, president, Australia and New Zealand, Nortel.</p>
<p>"Our business is about igniting and powering global commerce for the world’s financial institutions, stock exchanges, businesses and centres of commerce with highly reliable technology.</p>
<p>“Our customers include some of the world’s largest and most important stock exchanges, supporting billions of transactions in New York, Sao Paulo, Buenos Aires, Shanghai, Bombay, Seoul and Australia."</p>
<p>The ASX began upgrading its core Nortel network with new equipment towards the end of last year. The first part of the upgrade was the deployment of four Nortel Ethernet Routing Switch (ERS) 8600s, two at the core site and two at the Business Continuity centre for the delivery of ASX services via carrier-based VPN providers.</p>
<p>The sites are linked through a Nortel Optical Metro 5200 solution, and split multilink trunking (SMLT) functionality on the ERS 8600 will be used to eliminate single points of failure on the network and allow multiple active connections to the network core. Work on the project was completed in November.</p>

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