SCIENCE

Fortinet announced that Chi-X Australia, a wholly-owned subsidiary of alternative trading venue operator Chi-X Global has deployed Fortinet technology as the core security solution for its low latency, high performance market venue.

Fortinet's products are designed for enterprises requiring robust firewall, virtual private network and intrusion prevention system (IPS) performance. As a market center, Chi-X Australia required a sophisticated firewall security solution that would help enable high-speed transaction rates with low transmission delays. Chi-X Australia selected Fortinet in Q2 2011 for the products performance including high throughput and low latency.

"We chose Fortinet because of its robust security, high performance and low latency platform. As an alternative market for trading Australia's leading securities, it is critical for us to have a network that is safe, secure and fast. We will ultimately process hundreds of thousands of transactions daily and for many of our market participants, one additional milli-second could mean a lost trading opportunity," said Mike Aikins, Chief Technology Officer of Chi-X Australia.

Chi-X Australia has deployed Fortinet network security appliances in high availability mode at both its primary and alternative data center locations and will also use the FortiAnalyzer appliance for granular reporting and analysis of traffic behavior.

Matthew Brazier, director, Fortinet Australia, said the solution adopted by Chi-X Australia provided the best performing, highest throughput, lowest latency solution possible. "The quest to reduce latency in all areas of the systems used to conduct financial trading is not driven by technical purism, but by the knowledge that micro-seconds and money are intrinsically linked. The Fortinet technology provides a low latency firewall conducive to Chi-X Australia's high speed environment, allowing Chi-X Australia to provide its participants secure access at the fastest possible rate."