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Pink OTC Markets Inc. Cuts Reporting Time, Hardware and Programming Costs with Vertica and Syncsort

Originally published September 10, 2009

Pink OTC Markets Inc., the company that operates the OTCQX and Pink Sheets over-the-counter equity marketplace, has slashed the time it takes to generate market reports from hours to seconds while also saving big on reduced hardware and programming costs, thanks to a business intelligence (BI) data warehouse solution built with the Vertica Analytic Database and Syncsort's DMExpress data integration software.

As the third largest U.S. equity trading marketplace, Pink OTC needed to improve its reporting capability to stay ahead of the millions of records its trading system amasses daily. The company connects OTC marketplace participants, providing a quotation and trading platform for FINRA member broker-dealers, market data for OTC participants, and disclosure services for issuers with securities traded on the OTC market. An important element in keeping this diverse set of clients happy is Pink OTC's ability to quickly generate reports for up-to-the-minute market analysis.

"Better reporting results in increased customer satisfaction," explained Rahul Bose, Director of Application Development at Pink OTC. "By filtering, analyzing and aggregating historical and streaming financial data into easily accessible reports, we provide our customers with actionable intelligence they can turn into opportunity."

To read the full press release, click here.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.