What is an MPLS Network?
MPLS (Multi-Protocol Label Switching) is a mechanism in high-performance telcom networks that directs data from one place on the network to another based on short path labels rather than long network addresses. MPLS is highly scalable and protocol agnostic.
In an MPLS network, packets of data are assigned labels, and all packet-forwarding decisions are made solely on the contents of these labels, eliminating the need to examine the packets themselves. As a result, end-to-end circuits can be created across any type of transport medium, using any protocol.
At Eze Castle, we like to boast that our private cloud services are delivered via an MPLS network which connects our data centers. That sounds good, but what are the real benefits of this type of network infrastructure? We asked our vice president of networking services, Mike Abbey, for some insights. Here’s what we learned.
Cloud computing has gained popularity over the years and is now fast approaching a global scale as hedge funds around the world leverage this innovative technology to help improve efficiency and cut costs. However, cloud computing raises unique data regulation and jurisdiction considerations as cloud environments span multiple geographic locations and data is not tied to one physical location. In today’s article we will look at data regulation and jurisdiction considerations for UK companies utilising US headquartered cloud providers.
Many cloud service providers are increasingly serving customers outside their home markets and using service delivery models that require the transmission of data across borders, which has led to a great deal of fear about the rights of access under the USA PATRIOT Act and the geographical extension of those.
Beyond the US, in December 2011 the European Commission published results of its cloud computing consultation, which showed a lack of understanding about the EU legal framework that cloud computing should be implemented within. It also signaled that there is still a widespread need for clarification on rights, responsibilities, data protection and liability in the cloud, especially in cross-border situations.
Last week, we revealed Part 1 of our cloud adoption trends survey results and detailed how hedge funds and investment firms are currently leveraging the cloud, as well as what kinds of cloud deployment models they are using (private clouds take the cake).
Some additional data points we learned as a result of this survey include the driving factors influencing firms’ decisions to use the cloud, potential barriers to cloud adoption and the key evaluation criteria for cloud services providers. Let’s take a closer look at what survey respondents had to say relative to these categories.
Factors Influencing the Decision to Use the Cloud
There are a multitude of factors that alternative investment firms need to take into consideration as they evaluate cloud offerings. Survey respondents were asked to rank the importance of several factors related to their cloud decision-making, including cost, flexibility, functionality and speed.
Survey Says: Cloud computing is no passing trend!
If you missed it yesterday, we officially announced the results of our “Cloud Adoption Trends within the Investment Management Industry” survey during a live webinar. You can listen to the webinar recording here.
Our cloud survey set out to investigate how hedge funds and investment management firms are using cloud services today, as well as to provide insight into the factors influencing this trend and also the barriers to adoption. Here’s a look at some of the findings:
Our online survey, which was conducted between March and May of 2012, surveyed 125 financial services firms in the United States. Of those 125 firms, 65 percent identified as investment management firms. Additional firm types represented included hedge funds (16%), private equity firms (16%) and fund-of-funds (4%).
It’s alive! It’s alive!
Well actually tomorrow, June 6 2012, it (aka IPv6) will officially be alive, but that doesn’t work with our Hedge IT blog calendar so today we look at IPv6.
As a refresher, since the inception of the Internet, we have been using IPv4, which totals about 4.3 billion Internet addresses. But with the increasing number of wireless technologies that support the Internet (smart phones, tablet, etc.), these addresses are depleting.
Enter IPv6. The new IPv6 protocol uses 128-bit addresses and allows for substantially more IP addresses – trillions upon trillions of new addresses. The World IPv6 Launch Day marks a key milestone as companies shift their infrastructures to the new protocol, which will eventually completely replace IPv4.
Taking a page from the Cloud Forum (quite literally), today we look at the top three winning reasons hedge funds are gravitating towards the cloud. Not surprisingly, these reasons center around increased efficiencies, improved technology environment and cost savings.
Scalable, Flexible and Available
The cloud offers firms the option of scalability without the serious financial commitments required for infrastructure purchase and maintenance. With cloud services there is no vendor lock-in or implied commitment beyond duration so firms have the flexibility to easily evolve their IT environment.
Another benefit is the ability to seamlessly add more users and/or computing resources to match the firm’s requirements. A hedge fund private cloud can deliver the infrastructure, bandwidth and network resiliency to accommodate business requirements for high speed access, storage and applications.
As part of our ongoing thought leadership, we often host educational webinars on a variety of topics relevant to hedge fund operations and technology. For our most recent webinar, we decided to dive deeper into the topic of security, as it still remains one of the biggest priorities and concerns for hedge funds.
Speaking on the webinar were two great security experts: Steve McGeown, VP of Marketing and Product Management at eSentire, and Steve Schoener, VP of Client Technology here at Eze Castle Integration.
Below is a short summary of the key points addressed by our expert speakers.
So…drumroll please… We are excited to unveil the newest member of the Eze Castle Integration thought leadership family – Cloud Forum!
On the Cloud Forum you will find rich information:
- What is Cloud Computing
- Cloud Architecture
- Operating in the Cloud
- Cloud Security
- Cloud Computing Dictionary A-Z
- Cloud Resources: Articles, Videos and Events
The atmosphere in the room was one of excitement and anticipation. Not something you’d expect for a conference dedicated to cloud computing? Think again.
We hosted our first-ever Hedge Fund Cloud Summit earlier this week at the Sofitel New York, bringing together over 100 operational and technology professionals from the investment industry for what truly was an exciting day.
Event hosts Bob Guilbert and Vinod Paul kicked off the afternoon by offering their perspective on the changes within the hedge fund market relative to cloud computing and why it has steadily become a reliable technology option for firms of all sizes and strategies. Five years ago, most hedge funds were involuntarily relying on traditional on-premise infrastructures marked by intricate Comm. Room build-outs and heavy upfront capital expenditures. The average cost for servers, storage, networking and other equipment? Two hundred to five hundred THOUSAND dollars.
On most days if you asked what I was doing on that exact day two years prior I wouldn’t be able to tell you, but today is different. Today is the second birthday for Hedge IT, our sweet, informative blog. So I know exactly what I was doing two years ago – I was writing and posting our first Hedge IT article, aptly titled “Welcome to Hedge IT.”
Sticking with the theme of ‘welcome to…’ and giving a node to our upcoming Hedge Fund Cloud Summit, today’s post is a welcome to the changing world of IT – now that the business world is going to the cloud.
Paradigm shifts are commonplace in the IT world. When talking to an IT veteran about cloud, he/she will likely reflect on the move from centralized computing (mainframes/mini-computers) to decentralized computing (Windows NT/Novell) and now back to centralized computing with the cloud.