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Print PageNordea Utilizes DataSynapse GridServer in Derivatives Trading Environment
NEW YORK · December 4, 2006 · DataSynapse, a global provider of application virtualization software, today announced that Nordea, the Nordic region's largest bank and financial services company, has rolled out DataSynapse GridServer® software to support its growing derivatives business. Nordea is the first Nordic bank to use application virtualization technology to improve trading productivity and performance levels for its trading and risk systems. GridServer is application virtualization software that enables application services to be distributed and executed across shared, heterogeneous infrastructure. By creating a virtualized environment that matches user demand with supply of available system and data resources, GridServer provides an "on-demand" environment that dramatically improves application performance, resiliency and uptime.
Nordea has moved both its end-of-day and intraday derivative risk calculations to GridServer, reducing processing time with the most complex trade pricing calculations. This allows the bank to maximize its trading performance.
About DataSynapse
DataSynapse provides real-time infrastructure software that enables IT organizations to align with the changing demands of business. By dynamically allocating compute resources to enterprise applications based on business demands and policies, DataSynapse’s solutions speed application time to market, improve quality of service, lower IT operations costs and reduce application management complexity. With proven, recognized products – including its GridServer®, FabricServer™, VersaVision™ software, and RTI Design™, a best practices blueprint for transitioning to real-time infrastructure – DataSynapse provides a standardized, automated approach to configuring, activating and scaling enterprise applications in real-time environments.
Press Inquiries |
|
| Brian Callahan | |
| DataSynapse, Inc. | |
| (617) 500-0936 | |
| bcallahan@datasynapse.com | |
