Red Hat, Inc., a provider of open source solutions, has announced the principal stock market of Qatar has migrated from IBM AIX and Microsoft Windows to Red Hat Enterprise Linux to provide a high-performance trading platform for investors in the Qatari market.
Through a strategic partnership between Qatar Holding and NYSE Euronext, Qatar Exchange was established in 2009. The platform gives investors the benefits of a world-class securities market and exchange operating sophisticated and state-of-the-art technology systems where speed and accuracy of transactions are key, Red Hat said.
Qatar Exchange currently does around 4,000 exchange transactions per day and 12,000 orders per day, making the trading platform a truly mission-critical application that needs to perform reliably under pressure, said Jassim Bukashisha, IT director at Qatar Exchange.
“Unplanned downtime is not an option, so we need to be confident that we have the right technology partner behind us,” Bukashisha said. “Red Hat provided us with an enterprise-class solution that is high in performance, incredibly robust and proven to be secure, all at an affordable price without any compromise on performance.“