The 25 most powerful people in networking
Network World, 01/04/99
BILL BAUTZ SENIOR VICE PRESIDENT, CHIEF TECHNOLOGY OFFICER, NEW YORK STOCK EXCHANGE
 The New York Stock Exchange is the quintessential mission-critical network. If the Big Board goes down, the nation's economy goes down with it.
That's why NYSE CTO Bill Bautz makes our list this year. He's the one responsible for picking and choosing which technologies will make up the NYSE network - and keep it up, even in the face of rapid market swings. (The NYSE 's average daily volume is now some 600 million shares.)
The NYSE is upgrading its antiquated router and hub network to a Layer 3 switched net to achieve a performance boost and support new multiservice applications. These applications include digital voice recognition for live trade and quote information, real-time interactive multimedia, broadcasting and multicasting of video to trading floor locations, and point-to-point and multipoint videoconferencing. Layer 3 switches will also help the Big Board handle increases in trading volume and transactions.
The upgrade comes none too soon. The NYSE network crashed for an hour in October due to a faulty line card in one of its Ethernet concentrators. Trading was interrupted, and the exchange's network design, implementation and backup plan came into question.
But it's rare indeed that the NYSE goes down. That's a credit to Bautz and his vision of what it takes to build a resilient, truly mission-critical network. Users, take heed.
BAUTZ'S CHALLENGE: Bring the NYSE into the next generation of networking without letting the financial world down.
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