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March 24, 2008
GemStone Providing Data Grid Capabilities to Japanese Banks
ITOCHU Techno-Solutions Corp. (CTC) and GemStone Systems Inc., the
leading provider of the Enterprise Data Fabric, announced a
partnership to provide a data grid solution for financial computing
systems. With this partnership, CTC will market GemStone’s GemFire
Enterprise Data Fabric (GemFire EDF) and related software products on
March 18.
Recently, financial institutions have seen an exponential increase of transaction volume in derivative risk calculations, various computational simulations and algorithmic trading for trade automation. High-performance computing systems built with grid computing technology are particularly gaining a lot of traction within the financial industry.
Users are not able to improve total performance by distributed computing. For high-volume transaction processing, the data infrastructure becomes the bottleneck (disk I/O and network I/O bottleneck).
GemFire EDF provides a low-latency solution to the data bottleneck. The data management infrastructure for high-speed data access can be built with GemFire EDF by managing data in computer memory (cache) and the ability to distribute data across multiple computer nodes. The end result is much faster than disk.
By using GemFire EDF synchronous and asynchronous data replication capabilities, financial institutions can build extremely low-latency systems which guarantee no data loss in data replication among servers. Data synchronization between remote locations and the disaster recovery sites can also be built with the data replication capability of GemFire EDF.
CTC and GemStone jointly promote the large-scale grid computing environment for the needs of high-performance, real-time large transaction processing. Through the partnership, CTC will market GemFire EDF as its high-performance data access solution.
Through computer programs with trading logics, it enables high-speed transactions simultaneously in multiple financial markets.
About GemStone Systems Inc.
GemStone Systems is a privately held infrastructure software company that provides data services solutions for enterprise business architects and data infrastructure managers that are building, enhancing or simplifying access, distribution, integration and management of information within and across the enterprise. Founded in 1982, and with over 200 installed customers, GemStone is recognized worldwide for its unique competency and patented technology in object management, virtual memory architectures, high-performance caching and data distribution technologies.
About CTC
Established in 1972, ITOCHU Techno-Solutions Corp. (CTC) provides advanced IT solutions to enhance enterprise network systems, and offers various outsourcing services, such as operations by its own datacenters. CTC supports such market segments as telecommunications, broadcasting, finance, retail, distribution, manufacturing, education, government, medicine, pharmaceutical, chemicals and apparel. CTC has formed partnerships with more than 200 leading IT companies from nine countries. These partnerships range from those with global multinational IT companies to those with highly focused venture businesses. Around 6,500 people work for CTC throughout Japan, and our service edge lies in offering one-stop 7 x 24/365 support in approximately 100 service centers.
Recently, financial institutions have seen an exponential increase of transaction volume in derivative risk calculations, various computational simulations and algorithmic trading for trade automation. High-performance computing systems built with grid computing technology are particularly gaining a lot of traction within the financial industry.
Users are not able to improve total performance by distributed computing. For high-volume transaction processing, the data infrastructure becomes the bottleneck (disk I/O and network I/O bottleneck).
GemFire EDF provides a low-latency solution to the data bottleneck. The data management infrastructure for high-speed data access can be built with GemFire EDF by managing data in computer memory (cache) and the ability to distribute data across multiple computer nodes. The end result is much faster than disk.
By using GemFire EDF synchronous and asynchronous data replication capabilities, financial institutions can build extremely low-latency systems which guarantee no data loss in data replication among servers. Data synchronization between remote locations and the disaster recovery sites can also be built with the data replication capability of GemFire EDF.
CTC and GemStone jointly promote the large-scale grid computing environment for the needs of high-performance, real-time large transaction processing. Through the partnership, CTC will market GemFire EDF as its high-performance data access solution.
Through computer programs with trading logics, it enables high-speed transactions simultaneously in multiple financial markets.
About GemStone Systems Inc.
GemStone Systems is a privately held infrastructure software company that provides data services solutions for enterprise business architects and data infrastructure managers that are building, enhancing or simplifying access, distribution, integration and management of information within and across the enterprise. Founded in 1982, and with over 200 installed customers, GemStone is recognized worldwide for its unique competency and patented technology in object management, virtual memory architectures, high-performance caching and data distribution technologies.
About CTC
Established in 1972, ITOCHU Techno-Solutions Corp. (CTC) provides advanced IT solutions to enhance enterprise network systems, and offers various outsourcing services, such as operations by its own datacenters. CTC supports such market segments as telecommunications, broadcasting, finance, retail, distribution, manufacturing, education, government, medicine, pharmaceutical, chemicals and apparel. CTC has formed partnerships with more than 200 leading IT companies from nine countries. These partnerships range from those with global multinational IT companies to those with highly focused venture businesses. Around 6,500 people work for CTC throughout Japan, and our service edge lies in offering one-stop 7 x 24/365 support in approximately 100 service centers.
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Source: GemStone Systems Inc.; ITOCHU Techno-Solutions Corp.
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