The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Pivotal Taps NYSE for Data Dispatch Middleware

Pivotal – the EMC/VMware analytics spinout – has released Pivotal Data Dispatch (PDD), a platform for discovery of and analytical processing on data stored in disparate repositories. The product was developed at NYSE Euronext for its internal surveillance and regulatory purposes and has been in use there since 2007.

According to product documentation, PDD provides “on-demand access to big data while supporting existing visualisation and analytical tools. installed as a middleware service on a commodity linux cluster, Pivotal Data Dispatch enables it administrators to set up data sources, analytical platforms, business metadata and access policies.” Data extracted from sources can then be fed into Hadoop or an MPP database for analytic processing.

Key features:

* Provisioning at Terabytes Per Hour – PDD gathers user-requested data from multiple sources, translates it to the destination format, applies user-defined and policy-driven transformations, and loads the data onto an analytical platform.

* Analytics Workflows – PDD includes a web-based workflow tool, so data workers can create multistep analytics workflows that include data movement, transformation and analytics.

* Heterogeneous Data Platform Support – PDD includes native adapters and resource monitoring for multiple platforms, including Pivotal HD and HAWQ, Pivotal greenplum Database (GPDB), Apache Hadoop, IBM Netezza, Oracle and SQL Server. It can also connect with any database through JDBC, and with most distributed file systems, such as NFS.

The NYSE/Pivotal collaboration came about when the exchange chose the Greenplum MPP database for its regulatory and surveillance needs, and built the middleware to populate the Greenplum analytics database from various internal data repositories. Greenplum was since aquired by EMC, and is now offered by Pivotal. EMC also provides storage for the Community Platform cloud offering, from NYSE Technologies, the exchange group’s commercial technology unit.

Says NYSE Euronext Chief Data Officer Steven Hirsch: “Pivotal Data Dispatch solves complex market surveillance and regulatory data needs, and is heavily utilised across NYSE Euronext production systems today. Together, we understand the pressures of managing big data, and the processing power behind Pivotal Data Dispatch technology allows us and their customers to store data reliably at significant scale and easily adapt to fast-paced changes in the big data universe.”

Related content

WEBINAR

Recorded Webinar: Moving Regulatory Data to the Cloud: A Use Case Discussion

Migrating risk and regulatory reporting data to the cloud is turning out to be one of the hottest trends for 2020 – but not everyone is getting it right, and there are pitfalls to be avoided as well positive outcomes to be achieved. Especially in today’s remote working world, financial firms are facing the challenge...

BLOG

Crux Informatics Closes $36 Million Funding Round to Accelerate Growth

New York-based Crux Informatics has raised $36 million of new funding from its existing investors, which include Citi, Goldman Sachs, Morgan Stanley and Two Sigma. The financial data delivery platform operator, founded in 2017, has also announced two new products: Crux Protect and Crux Wrangle. Crux specialises in providing a high-scale, fast, and cost-effective data...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...