Bladewatch.com

http://www.gridtoday.com/grid/2232197.html

BEAVERTON, Ore., and TOKYO, March 17 — ITOCHU Techno-Solutions Corp. (CTC) and GemStone Systems Inc., the leading provider of the Enterprise Data Fabric, today announced a partnership to provide a data grid solution for financial computing systems. With this partnership, CTC will market GemStone’s GemFire Enterprise Data Fabric (GemFire EDF) and related software products on March 18.

Recently, financial institutions have seen an exponential increase of transaction volume in derivative risk calculations, various computational simulations and algorithmic trading for trade automation. High-performance computing systems built with grid computing technology are particularly gaining a lot of traction within the financial industry.

Very cool, check out this news about grid data solutions for financial computing systems. Anything that we can do to aid in grid technology innovation, or in showing IT as an enabler to your business (for example in the risk/quants/analysis areas) has to be a good thing.

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