Special Features:
DataSynapse PARTNERS WITH CALYPSO
TO OFFER A GRID SOLUTION
Joint solution has been adopted by clients including Wachovia Corp.
Calypso Technology, provider of cross-asset front-to-back trading systems,
and
DataSynapse, provider of a leading self-managed, grid computing platform
announced an integrated solution: The grid computing capability of
DataSynapse's LiveCluster joined with the trading platform of Calypso.
The companies also announced the adoption of this joint solution by
Wachovia
Corporation.
Calypso is a modern, front-to-back trading system with broad support for
asset
classes and business functionality. DataSynapse's guaranteed grid computing
platform, LiveCluster, enables clients to meet the workload of hundreds of
traders, risk managers, and IT professionals in a real-time environment
without incurring additional hardware, development, or support costs.
The announced integration will permit calculations within Calypso to be
performed faster by distributing them over a network of computers via
LiveCluster. This applies equally to client proprietary analytics integrated
into Calypso with their open application programming interfaces (APIs).
These proprietary analytics are then automatically available for
distribution
via LiveCluster without modification. Calypso and LiveCluster are written
entirely in the Java programming language and integrate seamlessly in a
client's architecture.
"Our partnership with DataSynapse benefits all concerned," said Charles
Marston, CEO of Calypso Technology.
"Good decisions depend on timely information, but the analytics of trading
and
risk have become more complex and compute intensive. Our clients can speed up
these calculations using grid computing via LiveCluster."
"Calypso is the market leader for cross-asset trading and processing
systems,"
said Peter Lee, CEO of DataSynapse.
"Our joint success with Calypso validates our partnering strategy with
leading
financial application software providers."
Calypso and DataSynapse expect to work together with several financial
institutions, as they did with Wachovia.
"The combination of Calypso's STP framework with DataSynapse's grid
computing
has had a significant impact on our fixed income derivatives area over the
past two years," said Andy Cook, Director, U.S. Dollar Derivatives, Wachovia
Corp.
"We evaluated several alternatives. Calypso and DataSynapse gave us the
fastest implementation. This year we will trade billions in fixed income and
related capital markets products using Calypso and DataSynapse, and we plan to
extend our use of their integrated solution."
"Implementing complex models over large portfolios while still maintaining
adequate levels of performance to facilitate trading is a major challenge
throughout the financial services industry," said Debbie Williams, Group
vice president, Capital Markets and Corporate Banking, Financial Insights
(formerly Meridien Research).
"End user applications are increasingly dependent on the layers of software
and hardware to facilitate this performance. It will take partnerships like
this one between DataSynapse and Calypso to make these processes run
smoothly."
About DataSynapse
DataSynapse Inc enables applications requiring scalability to exploit
distributed computing capabilities by efficiently utilizing the overall IT
environment. DataSynapse deploys a self-managed, guaranteed, distributed
computing platform, LiveCluster, that delivers order of magnitude increases
in the speed and reliability of software applications while substantially
reducing clients' total cost of ownership and accelerating their
time-to-deploy.
LiveCluster solves compute-and data-intensive bottlenecks and scalability
constraints by unobtrusively harnessing the power of servers, clusters and/or
desktops anywhere on a client's network, whether dedicated or underutilized.
LiveCluster integrates easily with new or legacy applications running on
Linux, Unix, or Windows systems.
DataSynapse is headquartered in New York, with offices in London, Houston,
Chicago, Washington D.C. and San Francisco.
http://www.datasynapse.com
About Calypso Technology
Calypso Technology Inc is a provider of modern, integrated trading and
processing solutions for financial institutions. Calypso's products are
helping some of the largest banks in the world reduce costs and increase their
pace of innovation.
The company is headquartered in San Francisco and has offices in New York,
London, Paris, Milan, Frankfurt, Tokyo and Sydney.
http://www.calypso.com
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