Vtesse News
Vtesse Networks customer CLS Bank wins award for "Best Networking Project" at the annual "Financial Sector Technology" awards
March 27th 2009
At an awards ceremony last night at The Royal Lancaster Hotel in London, in front of an audience of over 600 executives from the Financial Services industry, CLS Bank International (CLS) and partners Vtesse Networks and IBM were recognised for their implementation of a business continuity network that challenged and overcame seemingly intractable technical and practical issues.
The network provided by Vtesse Networks supports synchronous replication between datacentres in the UK and continental Europe that are 800Km apart for the CLS Settlement service.
CLS provides the largest multi-currency cash settlement system, eliminating settlement risk for over half the world’s foreign exchange payment instructions with an average daily value of $3 trillion. It needs to be able to withstand any form of regional disaster and be able to resume its service from another location in another region, within 2 hours.. The new design facilitates recovery within 30 minutes and has enabled CLS to move from a 3 datacentre solution to 2.
Sean Daly, CLS Programme Manager explains "The programme teams delivered the main requirement of the challenge — to return CLS to a fully synchronous service whilst achieving a regionally resilient data centre model. After suffering a regional disaster, we can still guarantee no data loss"
Aidan Paul, Chief Executive of Vtesse Networks adds "This was a remarkable project that challenged the traditional perception that synchronous replication cannot be achieved over distances of more than 120Km. CLS and Vtesse Networks worked very closely with IBM’s PPRC Labs to develop and prototype a combination of application and network design that allowed synchronous replication over these greatly extended distances. Vtesse guarantee service level availability and latency targets for the private diverse optical network that support the CLS settlement applications"
The network service has been live since 2006
.----ends