Blade Watch

IT Wire

MPI Europe, London, 22 September 2009: MPI Europe and GigaSpaces Technologies have formed a strategic partnership that will enable financial firms to manage risk and meet the demands of low latency trading more effectively. The partnership will enable GigaSpaces to extend its reach and capability within the UK, Ireland and Scandinavia and will be a valuable addition to MPI Europe’s portfolio of specialist financial technology partners.

Today’s mission-critical transaction processing systems, from electronic trading to online banking and e-commerce, are burdened with more data, more channels and more services than ever before. In addition, regulatory pressure to manage and assess risk more effectively means that speed is the key to running effective risk simulations across the enterprise. Recent benchmark tests using High Performance Computing show that firms can cost-effectively perform full-risk simulations on their portfolios in minutes rather than hours and run pre-trade scenarios in milliseconds using GigaSpaces software, alongside the latest processing technology from technology leaders such as Intel.

MPI Europe provides market knowledge, expert analysis, project management and business support within the European financial services sector and has a strong track record of matching the right technology solutions to financial business requirements.

It’s always great to read what’s going on in the risk field, it’s an area of the finance sector that saw massive interest and investment, anything organizations can do to manage and assess their risk has to be a good thing, I wonder if this will be based on GigaSpaces grid technologies, low latency will be of significant interest, I know colleagues were always talking about latency in the risk analytics space, I’m off to read more.

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