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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Systems/Enterprise:
PATSYSTEMS GOES GRID FOR NEW TRADING PLATFORM
GigaSpaces, a leading provider of Grid-based infrastructure for real-time
business applications, announced that Patsystems, a leading global provider of
high performance trading technology, has selected the GigaSpaces Grid
infrastructure as a key server component in its new trading platform,
"TradeMark."
Targeted at global investment banks with worldwide order books and highly
complex trading requirements, TradeMark is highly scalable, customizable and
built with leading-edge technologies. It is the first in the industry to
provide high availability industrial strength computing for organizations
wishing to trade exchange-based instruments.
GigaSpaces' Grid transaction server is now deployed in the TradeMark product,
which will be generally available in the second half of 2004.
"GigaSpaces is a Grid transaction server capable of processing substantial
amounts of financial transactions in real time. It will allow Patsystems'
customers to benefit from the dynamic Grid technology, handling the ever
increasing demand for performance and reliability, whilst keeping hardware and
software costs in check," said William Todd, director of strategic development
at Patsystems.
As the benefits of Grid computing become more widely known, more and more
companies are looking to take advantage of Grid technology. Gt'04 -- a
premiere enterprise Grid computing conference targeting industrial and
commercial users -- will gather experts, and outline strategies and road maps
for Grid deployment. The show will take place May 24-26 in Philadelphia. For
more information, visit www.gt04.com .
"Patsystems is establishing itself as a leading brand in the financial
software and trading industry. With a growing presence in Europe, U.S. and
Asia Pac, and continuous technological innovation, it has shown leadership in
the trading software industry" said Yaron Benvenisti, CEO of GigaSpaces.
The GigaSpaces Grid transaction server for intensive, scalable enterprise
applications allows organizations to process massive transaction volumes in
real-time while benefiting from the cost reductions and high flexibility of
Grid Technology.
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