Tel-Aviv Stock Exchange (TASE) with Data Center Platform Consulting Services - Case Study

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Case study
Tel Aviv Stock
Exchange
Industry
Financial
“It was very important for us to find one supplier that could provide a full
integration project, including the hardware, the operating system, and the
migration project itself. We approached HPE because we were familiar with
HPE’s capabilities and could get the benefits of HPE’s expertise at dierent
steps in the project.”
– Eldad Herstig, Senior Vice President, CIO, & Head of Operations for the Tel Aviv Stock Exchange
Migrating existing
infrastructure
The TASE Information Technology and
Operations Department develops and
operates all the organization’s business-
critical systems, including trading, clearing
and settlement, and risk management. The
goal of the department is to achieve non-
stop trading and invest in remaining at the
forefront of technology. The importance that
TASE places on IT is evident in the size of the
department, which comprises some 60% of
exchange employees.
“About two years ago we started looking at
migrating our IBM mainframe applications
to another environment,” says Eldad Herstig,
Senior Vice President, CIO, & Head of
Operations for the Tel Aviv Stock Exchange.
“Our main reason to implement our migration
project was to reduce the risk related to
continuing working with the mainframe in
dierent areas. As a non-stop operation,
it’s very hard to migrate critical systems
while managing the risks of avoiding system
failures. In order to do so, you have to have
the right partner to ensure you complete all
the relevant tests to reduce the risks.”
Maintaining the legacy mainframe was
expensive, and the limited availability
of mainframe experts in its mainframe
operating system in Israel was constraining
the flexibility of its IT infrastructure. The
mainframe environment was running over
10,000 programs written in Natural and over
120 programs written in COBOL, with over
2,000 batch processes activated in specific
mainframe partitions by JCL. The mainframe
environment was supporting development,
quality assurance, testing, and production
environments, and mission-critical back
oice applications such as those supporting
clearing and settlement were on a mainframe
running the VM and VSE operating systems.
TASE also deployed the Adabas database
management system on a mainframe.
TASE sought to eliminate the risks inherent
with legacy environment operations while
limiting its reliance of mainframe programs
and operations specialists, which were
becoming increasingly harder to find.
Management needed to reduce the costs
of maintaining the legacy applications while
avoiding downtime or any disruption to
operations. TASE also sought to standardize
hardware and software deployment to drive
down costs and increase IT agility.