IBM have announced that E*TRADE Korea has selected IBM's Smarter Computing approach to information technology to support its growth in the increasingly competitive and complex financial services market. With enhanced online services, E*TRADE Korea's 200,000 customers will be able to more quickly access up-to-date account information, stock quotes, community bulletin boards and online help features to better manage their financial portfolios. In addition, the new E*TRADE Korea online trading system based on IBM Power Systems will have the capacity to settle up to 970,000 transactions per hour in real-time – 16% faster than with the previous technology platform based on Oracle/Sun servers.
To better respond to fast-changing market conditions and customer demand for new services, E*TRADE Korea worked with IBM Business Partner LG CNS to replace its existing Oracle/Sun Solaris systems with IBM POWER7 processor-based systems to gain higher system utilization, availability and flexibility. By matching its IT workload to a system that's optimized for the task, E*TRADE Korea is increasing its IT services capacity while keeping costs low.