GemStone and ITOCHU continue the innovation in the financial grid space

http://www.gridtoday.com/grid/2232600.html

ITOCHU Techno-Solutions Corp. (CTC) and GemStone Systems Inc., the leading provider of the Enterprise Data Fabric, 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.

Users are not able to improve total performance by distributed computing. For high-volume transaction processing, the data infrastructure becomes the bottleneck (disk I/O and network I/O bottleneck).

Very cool, I’ll need to read up more about this new solution for financial computing solutions. There have been some very positive results in the risk calculations/equities derivatives fields with grid/hpc technologies, particularly if you are able to know your position in the market place, your risk, or be able to price more quickly or efficiently than your competitor.

discussion by DISQUS
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