Copyright © 2014 Juniper Networks, Inc. 1 Accelerating Application Delivery in Financial Services Environments Compute Integrated Networking

Copyright © 2014 Juniper Networks, Inc. 2 Introduction – Trends and Challenges Agenda SolutionUse CasesTechnology Partner

Copyright © 2014 Juniper Networks, Inc. 3 Financial Services – Trends Social Media – Hyper Contextual Sentiment Analysis Volume of messages and transactions to be processed Market Data Volatility visualization provided by SEC Jan2012 – Dec2014 OPRA Statistics Peak Messages Per Second (millions) 1Q > 4Q Peak Transactions Per Day (billions) 1Q > 4Q Average Latency 1Q > 4Q Execution Venues Heuristic Processing Trade Plant Social Feeds News Feeds Streaming News Video Market Data Feeds Ticker Plant Heuristic Processing Human Oversight and Control Historical Data Base

Copyright © 2014 Juniper Networks, Inc. 4 The Future Landscape of Financial Services Trading - Application driven, real-time heuristic processing, Social media informed – global market data analysis/ prediction Retail Banking – Digitized, Analytics driven standardized decision making Insurance – Risk Analysis of subscriber data

Copyright © 2014 Juniper Networks, Inc. 5 Financial Services Challenges Commoditization and DigitizationShrinking Time to Market Window Market Sentiment Contributes to Volatility Escalating Bandwidth & High Volume Data Processing Tighter RegulationsCompliance & Predictability Business models are continually evolving – Innovation is key Leverage technology for differentiation

Copyright © 2014 Juniper Networks, Inc. 6 The Solution Host network applications and containers in native Guest VMs Offload compute intensive, latency sensitive, business- critical real-time app processing to FPGA module Two level Application Delivery Instigating a fundamental architectural shift away from latency - Towards applications embedded in the network FPGA based programmable add-on module Broadly applicable 40G data center switch with native Guest VMs Compute Integrated Networking

Copyright © 2014 Juniper Networks, Inc. 7 Introducing: QFX5100-AA Application Acceleration Switch and QFX-PFA Packet Flow Accelerator Module Application Acceleration Switch QFX5100-AA Packet Flow Accelerator Module QFX-PFA Performance and ScaleCompute integrated NetworkingTwo level Application Delivery Industry only high performance switch with FPGA logic in small form factor

Copyright © 2014 Juniper Networks, Inc. 8 QFX5100-AA: Application Acceleration Switch 40G Data Center switch Network application hosting on native Guest VMs Innovative hardware design Very low latency up to 550ns* Carrier grade JUNOS network operating system Holistic data center network solutions – Connect seamlessly, Simplify network operations *Based on Broadcom PFE value. Lower latency values can be derived from PFA depending on the custom application logic Application Acceleration Switch QFX5100-AA 24x40G QSFP+ ports4x40G FPGA ports

Copyright © 2014 Juniper Networks, Inc. 9 QFX-PFA: Packet Flow Accelerator Module Optional add-on FPGA Packet Flow Acceleration module Accelerate compute intensive, real-time business critical application processing Use Java to program packet flows through FPGA Lower latency based on logic customization Packet Flow Accelerator Module QFX-PFA

Copyright © 2014 Juniper Networks, Inc. 10 Why Choose the QFX5100-AA Switch & QFX-PFA Module? Improve Performance, Scale Accelerate Applications Lower OPEX Real-time processing – massive data volumes, complex market feed & risk analytics Process applications directly on FPGA, Java for PacketFlow programming, quick response to market changes 40% fewer server and switch ports in a typical deployment Maintain complianceImprove Predictability Seamless Connectivity with network segregation, reliability, performance monitoring Ultra-low latency, fair, consistent processing of high volume transactions End the race to zero latency, become hyper-contextual Disaggregate your compute

Copyright © 2014 Juniper Networks, Inc. 11 The QFX5100-AA & QFX-PFA Difference 1 million logic elements on FPGA 320 FPGA throughput 2.56Tbps Switching capacity available Standard 4x 40G FPGA ports & 24x 40G Switch ports 40% CapEx Savings on compute 40% OpEx Savings on compute 40% Less devices to manage 36% Smaller Thermal envelope 40 % Floor Space Savings TCO Savings: 35%

Copyright © 2014 Juniper Networks, Inc x40GE Base System – Application Acceleration Switch Routing Engine – Junos VM (System) Guest VM User Application KVM Hypervisor Linux Host OS QFX5100-AA Switch: Use Cases Host network applications and containers in Guest VMs native to switch Performance monitoring/ analytics applications Cloud Analytics Engine Compute agent Pre-built AnalyticsD Collector Wireshark in text version Container support to run Docker on CentOS Hadoop Map Reduce

Copyright © 2014 Juniper Networks, Inc. 13 Copyright © 2014 Juniper Networks, Inc. QFX-PFA: Use Case Scenarios Exchange Gateway Inline credit checks Ordering & arbitration Order execution routing Market data Market data analytics Ticker plant Market data feed handlers Banking Real-time and on demand risk analytics

Copyright © 2014 Juniper Networks, Inc. 14 QFX-PFA Use Cases: Exchange Gateway Streamline & Simplify Trading Strategy Problem: Availability, consistency and deterministic processing of orders and transactions Solution: QFX5100-AA switch with QFX-PFA replaces Order gateway and matching Engines Benefits: Improve processing predictability and consistency especially during order entry bursts Harden risk management Consolidate network and compute to reduce latency Ease of programming FPGA Customer Symbol routing embedded in QFX5100-AA& QFX-PFA Risk Management embedded in QFX5100-AA& QFX-PFA

Copyright © 2014 Juniper Networks, Inc. 15 Customer Risk Management embedded in QFX5100-AA& QFX-PFA Symbol routing embedded in QFX5100-AA& QFX-PFA Data pre/post processing Customer QFX-PFA Example: Exchange Gateway Trade Plant 40% less ports Latency down 50µS Total Latency ≈100.0µS Trade Plant Size: ≈ 60 Servers ≈ 1000 Ports Total Latency ≈150.0µS Trade Plant Size: ≈ 100 Servers ≈ 1500 Ports

Copyright © 2014 Juniper Networks, Inc. 16 QFX-PFA Use Cases: Market Data Problem: Accurate processing, consolidation and timely distribution of large volumes of complex market data feeds Solution: Consolidate feed handlers and publishing servers into QFX5100-AA and QFX- PFA module Benefits: Accelerated processing and analysis of news and social media streams Leverage market sentiment for business success Exchanges distribute enhanced levels of market data feeds Reduce time to provide coherent gapless market data Internal Users World Wide Market Data Feeds Feed handler & publishing in QFX5100-AA & QFX-PFA Pub/sub server farm Client subscriber imbedded in QFX5100-AA & QFX-PFA

Copyright © 2014 Juniper Networks, Inc. 17 QFX-PFA Example: Market Data Ticker Plant Internal Users Feed handler & publishing servers Pub/sub server farm Client subscriber servers World Wide Market Data Feeds Internal Users World Wide Market Data Feeds Feed handler & publishing in QFX5100-AA & QFX-PFA Pub/sub server farm Client subscriber embedded QFX5100-AA & QFX-PFA

Copyright © 2014 Juniper Networks, Inc. 18 QFX-PFA Use Cases: Banking – Real time on demand risk analysis Problem: Manual intervention, longer cycles, multiple resources Solution: QFX-PFA for compute based quick real-time analysis Benefits: Shorter risk analysis cycles Proactive response to risk profiles Faster processing on compute integrated switch reduces latency times. Portfolio transparency, stability of allocation & attribution, impact of market and portfolio changes

Copyright © 2014 Juniper Networks, Inc. 19 Cloud/ Data Center Switching Portfolio SPINE MODULAR LEAF FIXED EX9200QFX10000 QFX5100 QFX Q QFX GIGABIT ETHERNET OCP NETWORKING COMPUTE INTEGRATED SWITCHING SCALE UP ARCHITECTURE GIGABIT ETHERNET EX4300 QFX Q-AA QFX-PFA-4Q NEW OCX1100

Copyright © 2014 Juniper Networks, Inc. 20 Comparing QFX5100 and QFX5100-AA FeatureQFX5100QFX5100-AA CPUDual Core 1.5 GhzQuad Core 2.5 Ghz Memory8GB32 Gb Storage32GB128GB Guest VM I/O Bandwidth1 Gbps20 Gbps MPLSYes L3VPNYes ISSUYes Yes (without PFA module) BGPYes VxLANYes IS-ISYes Virtual ChassisYesNo Virtual Chassis fabricYesNo IPCLOS fabricYesNo

Copyright © 2014 Juniper Networks, Inc. 21 Operational Simplification – Network Management & Analytics Physical Virtual Applications Virtual and Physical Workloads Analytics + Visibility Network Streams Data HR MARKETING FINANCE Orchestration Layer* Correlation between physical and virtual layers Monitor and report workload and application behavior across the physical and virtual infrastructure Detect Microbursts, hotspots Consolidated network management platform to visualize, analyze & monitor across layers

Copyright © 2014 Juniper Networks, Inc. 22 Zero Touch Provisioning, Ansible Junos Space Network Director Provision & Deploy Cloud Analytics Engine Junos Space Network Director Operate Integration with OpenStack Support for IT admin tools including Puppet, Chef, Python Orchestrate Operational Simplification – Network Automation

Copyright © 2014 Juniper Networks, Inc. 23 Intra Data Center Network Connectivity – IP Fabric Support for large IP based data center network fabrics Support for Open CLOS standard technology Scale & extend across PODs Automate and manage fabric for quicker operations Fairness of traffic routing through the network fabric

Copyright © 2014 Juniper Networks, Inc. 24 Data Center Interconnectivity – MPLS & VPN MPLS & VPNs – Mature, standards based technologies L3VPN – Extend service separation into the data center to meet compliance requirements MPLS – Reliable transport for market data streams & VPN traffic across data centers WAN/ VPN Gateway MPLS Services VM WAN/ VPN Gateway MPLS Services Data Center 1Data Center 2 MPLS Extend VPN Data Center Interconnect – MPLS VPN

Copyright © 2014 Juniper Networks, Inc. 25 Technology Partner - Maxeler Technologies Packet flow technology on Packet Flow Accelerator for faster algorithm deployment –Java-driven PacketFlow configuration –Graphical development interface –Seamless simulation environment Real-time on-chip packet flow stream forwarding and processing

Copyright © 2014 Juniper Networks, Inc. 26 Hardware Innovation Application Processing Technology Partner Programmable FPGA for acceleration and Network Application Hosting Industry reputed partner - Maxeler Powerful Processing with compute integration in small form factor High Performing, compute integrated switch for accelerated application delivery The QFX5100-AA Switch with QFX-PFA Module

Copyright © 2014 Juniper Networks, Inc. 27 Thank You

Copyright © 2014 Juniper Networks, Inc. 28 Optional & Deep Dive Slides

Copyright © 2014 Juniper Networks, Inc. 29 QFX-PFA Use Case – Deep Dive Problem: Perform Inline Credit control checks on order flows with no performance impact Solution: Real-time customer credit checks without using matching engine or gateway Benefits: Harden risk management with advanced market controls Consistent performance over large volumes of order/ transaction data Eliminate matching engines, reduce need for conventional servers Exchange gateway – inline credit controls Feed Gateway Matching Engines WAN Order Entry Gateway

Copyright © 2014 Juniper Networks, Inc. 30 QFX-PFA Use Case – Deep Dive Problem: Reliable and accurate order and arbitration process Solution: Combine order and arbitration on FPGA with matching engine Benefits: Lower latency Better determinism Consistency of execution of Customer Order Entry Systems Exchange gateway – ordering and arbitration Order Routing Matching Engines WAN Order Entry Gateway Feed Gateway Market Feed Analytics Algorithms Quant Server Farm Feed Handlers

Copyright © 2014 Juniper Networks, Inc. 31 Customer Execution System QFX-PFA Use Case – Deep Dive Problem: Need to improve order execution performance and accuracy while reducing overall latency and cost Solution: Process large volumes of orders and transactions using customizable algorithms Benefits: Simplify order execution and matching engine systems Offload processing to FPGA & improve performance Reduce transaction times Exchange gateway – order execution routing WAN Order Entry Gateway Market Feed Matching Engines

Copyright © 2014 Juniper Networks, Inc. 32 QFX-PFA Use Case – Deep Dive Problem: Optimally process market data from multiple exchanges entries to arrive at best price Solution: Use FPGA module for simultaneously processing and generate gap free market data stream Benefits: Reduce time to provide coherent gapless market data Simplify order execution and matching engine systems Exchange provides customers with enhanced levels of market data feeds Market data – market data analytics Matching Engine (server Farm) Brokerages/ Financial Service Providers Market Data Providers FIX/ Protocol Gateways Exchange Gateway

Copyright © 2014 Juniper Networks, Inc. 33 QFX-PFA Use Case – Deep Dive Problem: Real-time processing & distribution of large ticker volumes Solution: FPGA based algorithms for real-time sentiment and market trend analysis of high volumes of multiple social media feeds Benefits: High performance and capacity to transport high data volumes Accelerate processing and analysis of different news and social media streams Leverage market sentiment for business success Market data ticker plant – market data feed handlers Heuristic Processing News Feeds Heuristic Processing Market Data Feeds Heuristic Processing Social Feeds Heuristic Processing Streaming News Video Execution Venues Ticker Plant Trade Plant

Copyright © 2014 Juniper Networks, Inc. 34 Technology Partner - Maxeler Technologies Packet Flow Analytics Samples Computing Greeks Exchange Protocol Feed Handlers Eurex EOBI

Copyright © 2014 Juniper Networks, Inc. 35 QFX5100-AA 24x40G QSFP+ ports 4x40G FPGA ports Optimized architecture for FPGA module Enhanced CPU subsystem Intel IvyBridge X86 CPU 32GB of DDR3 memory 2 Micro SATA 64GB MLC hard drives Trident2 PFE 24 QSFP+ fixed 2.56T Throughput Optimized Dual 10Gb NIC Connection to QIC Forwarding2.56 Tbps L2/L3 performance ~500 ns latency Cut through & Store-Forward Ports24 x 40G QSFP+ ports 2 Four port Expansion slots Interface options10GbE SFP+: 96/104 with breakout cable 40GbE QSFP+: 24/32 Dimensions/Power1U 161 W Front to Back or Back to Front airflow GuestVM FeaturesMemory: 4G Disk: 32GB (TBD) Format: qcow2 or raw

Copyright © 2014 Juniper Networks, Inc. 36 QFX-PFA Double-wide QIC Application Acceleration Module High Capacity Altera Stratix-V AB FPGA 48GB DDR3 DRAM 4x QSFP+ Front panel ports Timing input and output interfaces to support PTP applications Ports 4x 40G QSFP+ interfaces (Data ports) QSFP+ LEDs for the link and status indications PTP Interface options 1PPS In/OUT : 2-SMB connector 10MHz In/OUT : 2- SMB connector 10/100/1000Base-T : RJ45 port ToD Interface : RJ45 connector Dimensions/Power6.7” (W) x 6.5” (D) (approx) Features Supports 24GB DDR3 (extendable up to 48 GB) memory (***final packaging TBD) Supports 72MB QDR2+ memory for very low latency processing GuestVM Features 32GB storage for Guest VM 4G memory

Copyright © 2014 Juniper Networks, Inc. 37 Software Architecture Control Apps Control App’s UI extensions Service Broker 3 rd party Applications w/ Remote APIs 3 rd party Applications w/ Remote APIs Guest VM Routing Engine – Control Plane JunOS VM ssd Message oriented middleware API’s Packet Forwarding Engine vehostd CentOS 6.3 Host OS FPGA Complex Actual data traffic Selected inline data traffic owns Drivers sdk-mgmt. sdk-vmmd rpd dfwd Picture adapted from JVAE outbound documentation KVM Hypervisor