Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that the Australian Securities Exchange (ASX), one of the world’s leading financial market exchanges and the first major financial market open every day, has successfully migrated mission-critical legacy applications to Red Hat JBoss Enterprise Application Platform (JBoss EAP).
ASX first deployed JBoss EAP in 2011 as part of a Red Hat Global Services implementation aimed at modernizing legacy technologies and using JBoss EAP to increase reliability, speed to market, and facilitate the introduction of customer-centric web applications. In pursuit of the company’s goal to become the world’s most respected financial marketplace, ASX knew it needed to upgrade to more stable, consistently performing, cost-effective applications. After the initial ASX Online Company migration to JBoss EAP in 2012 yielded a go-live environment that was robust and stable, with lower server support costs and more time for developers to focus on innovation, ASX used JBoss EAP to build the ASX.com backing API and the Sharemarket Game, which currently accommodates more than 20,000 players. ASX is a high-traffic site and JBoss EAP helps deliver improved user experience and website performance with greater back-end stability. ASX now runs critical B2B applications on Red Hat, including the ASX Online, which is at the center of Australia’s capital market, as it is a regulatory requirement for all financial market participants. Every day, key stakeholders are using it to update prices, issue company announcements and deliver critical reporting to the market.
As a public service, ASX faces intense regulatory and compliance scrutiny. If the company’s websites and web properties are down or unavailable, the general public may mistakenly assume that the market is down as well. JBoss EAP delivers more consistent stability, uptime, performance and flexible functionality. Other benefits observed with Red Hat include:
- ASX’s website and application reboot times are 60 times faster than with the legacy application, enabling quicker recovery to minimize associated risk
- The ability to have self-healing applications: no manual intervention required to re-establish database connectivity for applications when lost
- On-site training from Red Hat Enterprise Linux certified trainers, quick response time for customer services requests
- Cost-effective platform cut operating costs in half
- Automated platforms free up developers’ time from the day-to-day maintenance tasks to focus on innovation
- Increased security and stability to function in a highly regulated industry, with reduced downtime
- Consistent and frequent automatic updates, avoiding disruption to user workflows