Pershing Upgrades Mainframes, Storage via IBM
INFRASTRUCTURE
JERSEY CITY, N.J.—Pershing, the clearing subsidiary of the Bank of New York (BNY), has just replaced the majority of its legacy IBM mainframe and storage-device infrastructure in support of its trading and order management system (OMS) applications, with state-of-the-art IBM systems.
From October 2003 through March 2004, Pershing upgraded 18 Enterprise Storage Servers (ESS) to the new IBM TotalStorage ESS subsystems, and added four new machines, bringing the total ESS count to 22, IBM and
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