Huatai Securities uses Alluxio to provide real-time risk analysis, investment recommendations, and innovative new products
SAN MATEO, Calif., Nov. 28, 2017 (GLOBE NEWSWIRE) -- Alluxio, formerly Tachyon, developer of the world's first software system that unifies disparate storage systems at memory speed, today announced that Huatai Securities, the leading integrated securities group in China, has selected Alluxio Enterprise as the storage layer to power Huatai's big data analytics. Alluxio enables Huatai to provide real-time risk analysis, investment recommendations, and innovative new products like data replay services. Huatai, founded in 1991, has more than 7,000 employees providing a wide range of financial services to its clients in China, from investment banking to private equity and wealth management as well as being China's largest firm in trading securities and bonds.
"Financial organizations are increasingly leveraging big data to provide key insights and value to their customers," said Haoyuan Li, CEO of Alluxio Inc. "Alluxio Enterprise's memory-centric architecture and enterprise-grade security help Huatai meet its growing need for speed and stability while adhering to regulations and security and governance practices."
Huatai deploys Alluxio Enterprise as the storage layer that unifies data from disparate sources at memory speed, providing high performance and a predictable SLA for leveraging even petabytes of data. Alluxio gives customers an easy-to-install integrated package, with an administrative interface as well as mission-critical features such as enterprise security, data replication and enterprise-grade support and professional services.
"Analyzing and modeling market data to power advanced products that enable financial services as well as consumer customers to make critical investment decisions is our core business," said Dr. Fan, Director of Platform Architecture at Huatai. "With the introduction of Alluxio Enterprise, Huatai has successfully built a performant and scalable big data infrastructure to meet the performance and stability requirements across our business."
With Alluxio Enterprise, Huatai transforms massive amounts of market data consumed daily into valuable insights to analyze market risk and provide investment recommendations. Now Huatai can access, store, and manage data across disparate storage systems on premise and in the cloud at memory speed.
About Alluxio
Alluxio, a leading provider of the high performance data platform for analytics and AI, accelerates time-to-value of data and AI initiatives and maximizes infrastructure ROI. Uniquely positioned at the intersection of compute and storage systems, Alluxio has a universal view of workloads on the data platform across stages of a data pipeline. This enables Alluxio to provide high performance data access regardless of where the data resides, simplify data engineering, optimize GPU utilization, and reduce cloud and storage costs. With Alluxio, organizations can achieve magnitudes faster model training and serving without the need for specialized storage, and build AI infrastructure on existing data lakes. Backed by leading investors, Alluxio powers technology, internet, financial services, and telecom companies, including 9 out of the top 10 internet companies globally. To learn more, visit www.alluxio.io.
Media Contact:
Beth Winkowski
Winkowski Public Relations, LLC for Alluxio
978-649-7189
beth@alluxio.com
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