Bladewatch.com

http://www.datasynapse.com/nordea-pioneers-virtualization-nordics.aspx

NEW YORK · December 4, 2006 · DataSynapse, a global provider of application virtualization software, today announced that Nordea, the Nordic region’s largest bank and financial services company, has rolled out DataSynapse GridServer® software to support its growing derivatives business. Nordea is the first Nordic bank to use application virtualization technology to improve trading productivity and performance levels for its trading and risk systems. GridServer is application virtualization software that enables application services to be distributed and executed across shared, heterogeneous infrastructure. By creating a virtualized environment that matches user demand with supply of available system and data resources, GridServer provides an “on-demand” environment that dramatically improves application performance, resiliency and uptime.

An article about Nordea adopting grid technologies, it is quite old, but I blogged this as it discusses that the grid is being used like most investment banks to aid the intraday processing for their risk/derivatives teams. Grid seems to be very popular in the risk world, where the more processing power I throw at it, the faster I can get my risk exposure to enable me to deal with clients/deals more quickly. Very cool.

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