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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY /
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Applications:
PLATFORM GRID-ENABLES COMPLEX
MICROSOFT EXCEL SPREADSHEETS
Platform Computing, a leader in Grid software, announced the introduction
of
Grid capability for Microsoft Excel. The Adapter for Microsoft Excel is now a
standard feature of Platform Symphony Suite, software that accelerates online
and batch operations for business-critical financial services applications.
This new feature enables the supercharged processing of compute-intensive
Microsoft Excel spreadsheets by transparently distributing the calculations
through Platform Symphony to any number of internal compute clusters, rapidly
decreasing calculation time while increasing server utilization and
guaranteeing trader service levels.
Faster Spreadsheet Processing: More Trades, Increased Trading
Revenues
Traditionally, the demanding, compute-intensive models such as those
involved
in exotics or derivatives trading meant that program updating was an
expensive, time-consuming and occasionally incomplete exercise, and
reprogramming spreadsheets was not a viable option for analytics departments
who often deploy hundreds of such complex spreadsheets. Now, with the Adapter
for Microsoft Excel, both the user and organization can speed and increase the
number of trades by significantly accelerating spreadsheet processing via the
Grid. The outcome is increased trading revenues, profits and lower business
risk.
Other Key Benefits
- Improved protection of critical organizational IP -- intellectual property
is now controlled via single point of centralized control and no longer
distributed to each desktop, reducing the likelihood of IP leaving the
organization
- Immediate program updates ensure all users are on the same version --
centralized control ensures automatic updating of XLLs and changes are made in
virtually real-time
- Ease of deployment delivers value quickly and saves money -- time and cost
savings trace to a simple set up, plus no requirement for new programming.
Easy "select and click" operations quickly enable worksheets and specify cells
for computation.
"By allowing users to quickly Grid-enable Microsoft Excel applications
without
the need to write new code, Platform Computing continues to provide
enterprises with business computing break-throughs that demonstrate tangible
benefits and instant ROI," said Greg Rankich, HPC Solution Manager at
Microsoft Corp. "We look forward to furthering our relationship as more
business-critical applications like Excel move to Grid computing."
"In the financial services industry, where every second saved in
calculations
means a major competitive advantage, Grid-enabling a pervasive application
such as Microsoft Excel means faster time to increased revenue and profit,"
said Robert Boettcher, vice president of financial services at Platform
Computing. "Platform Computing is leading the adoption of Grid capabilities in
financial services. We see more enterprises embrace the benefits of Grid
computing to provide decision-makers the ability to run more complex risk
analysis and simulations faster than ever before."
The Adapter for Microsoft Excel is an important new feature within the
integrated Platform Symphony Suite. To view more information on this product,
please visit www.platform.com/products/Symphony/adapter.
With more than 11 years experience in Grid computing solutions, Platform has
provided high performance, end-to-end distributed computing solutions for
financial services market leaders such as Deutsche Bank, JPMorgan Chase,
Societe Generale, TD Canada Trust and Fidelity Investments. These firms have
used Platform products to dramatically improve the speed, efficiency and
reliability of their extensive IT infrastructures, as well as the critical
financial applications they support.
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