Already offering the longest trading hours in Southeast Asia, the Singapore Exchange aims to achieve even more by migrating its ageing IT infrastructure to newer, open systems.
The Singapore Exchange (SGX) has selected Clerity's UniKix Mainframe Rehosting software for a US$3 million mainframe migration project, which is expected to lower costs and optimise the SGX IT environment. Clerity is migrating SGX's entire mainframe complex, including key applications such as clearing and settlement, third-party tools and utilities, and server and storage resources to a flexible open systems environment.
Bob Caisley, the CIO of SGX, is responsible for managing the technology business which comprises the functions of IT planning and governance, enterprise architecture, business analysis, programme management, testing, solutions delivery and service management. The primary purpose of the team is to provide a robust and reliable technology infrastructure that reinforces SGX's strategic business and growth plans.
He provides strategic IT leadership and oversees the development and delivery of IT services and new technologies. He is also responsible for the roll-out of the SGX Reach initiative to create the world's fastest trading engine, establish a world class data centre and connect trading communities in global financial hubs to Singapore.
According to Caisley, the SGX aims to improve its ability to respond to change with cutting-edge technology. Migrating off the mainframe with Clerity will enable SGX to streamline IT operations and lower cost-per-transaction rates, while better preparing the organisation to address future market growth.
Clerity is migrating SGX's IBM CICS applications, batch JCL code, COBOL programs, and VSAM data intact, using a mainframe rehosting approach that will avoid costly code changes and enable SGX clients to continue accessing its systems without reconfiguration. SGX offers the region's longest trading hours, so meeting the company's narrow nightly batch window will be a critical success factor.
CIO Asia speaks to Bob Caisley to understand more about the migration.
What were some major considerations by SGX in choosing Clerity for its migration project?
Firstly, we were looking for the right solution provider. There are several in the market place offering these types of products and Clerity certainly scored high in our evaluation. However, we were also looking for an experienced system integrator to successfully perform the migration end to end. Clerity has a good track record in successfully performing such implementations. Having "one neck to choke" was a strong factor in the selection process, along with the experience shown during the due diligence and evaluation stages by the Clerity product and services teams.
Why is there the need to migrate?
The existing system is running on old hardware that needs to be replaced and uses out-of-date layered products and an old version of the operating system.
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