Securities Clearance Company Selects Brocade
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Brocade Communications Systems, Inc. today announced today that The Depository Trust & Clearing Corporation (DTCC), which manages clearance, settlement, and custody for the majority of equity, corporate debt, and municipal bond transactions in the United States, has selected Brocade SAN infrastructure proucts.
According to DTCC, it deployed a Brocade-based SAN to consolidate and optimize their server and storage resources, centralize management, enhance storage allocation flexibility, and take advantage of the business benefits of remote backup and disaster tolerance for mission critical data.
DTCC, the holding company for the world's largest depository of securities, holds more than $23 trillion worth of securities in custody, serves more than 40,000 end users, and last year processed more than 2.6 billion transactions valued at more than $100 trillion. Based in New York City, DTCC has implemented heterogeneous Brocade-based SANs to keep pace with their rapid data growth-in just four months, the company's distributed data storage requirements have increased 400 percent -- and reduce the total cost of ownership of their storage environments.
According to DTCC, through their Brocade-based SAN investment, DTCC has been able to consolidate their storage and server environments and centralize storage management, allowing them to better utilize technical personnel and optimize their server and storage resources. In addition, by internetworking its SANs across metro optical networks, DTCC has enabled backup across remote sites, further reducing the cost of data backup and recovery and eliminating need for expensive, offsite data storage.
The DTCC storage environment is based on Brocade SilkWorm 2800 16-port fabric switches, which provide the networking foundation for dual fabric SANs. These SANs interconnect servers and storage from multiple vendors, and support completely mirrored data, delivering optimal data availability and enabling dynamic failover to backup data in case of application or system failure.