HPCwire: Platform Computing Integrates Symphony with Calypso's Galapagos Product

Since 1986 - Covering the Fastest Computers
in the World and the People Who Run Them

Translation Disclaimer

Subscribe | Sign In

Visit additional Tabor Communication Publications

Leading HPC
Solution Providers

January 19, 2010

Platform Computing Integrates Symphony with Calypso's Galapagos Product

Customers to benefit from increased efficiency, improved resource utilization and reduced costs

TORONTO, Jan. 19 -- Platform Computing, the leader in workload and resource management software for clusters, grids and clouds for the financial services industry, announces that Calypso Technology, a leading global provider of integrated trading applications to the capital markets industry, has licensed Platform Symphony to boost the performance of its Galapagos financial optimization software. Platform Symphony is the market leading software solution for improving application performance in financial services organizations, allowing them to respond faster to industry demands and market volatility.

Calypso's Galapagos product uses an optimization technique based on genetic algorithms to generate optimal portfolios. Possible applications include optimal trade and hedge selection, asset allocation, index replication and liability-driven investments. Galapagos is provided on a hosted environment. Platform's grid architecture provides a framework for delivering critical applications as a service with high availability.

John Mooren, general manager of Calypso's Galapagos business unit states, "The success we have had with Platform Computing convinced us that they are the ideal technology partner for our Galapagos application which will deliver increased efficiency and accuracy for our customers."

"Platform Symphony is well-suited to support the demanding requirements of Galapagos portfolio optimization applications," said Jim Mancuso, general manager of financial services at Platform Computing. "Taking complex problems and applications and increasing performance dramatically is the added value Platform Computing offers. This builds on a successful existing ISV partnership agreement between Symphony and Calypso Trading and Risk Management software."

Platform Symphony is the market leading software to support the demanding requirements of key banking processes such as intraday risk calculations, pre-trade pricing and end-of-day value at risk calculations. It also implements a utility service model that provides a powerful sharing capability that financial services organizations are leveraging to achieve higher resource utilization. This helps reduce costs and datacenter energy usage while ensuring business service levels are met. At a time when IT budgets are shrinking and the need for risk management remains high, Platform's solutions are playing a crucial role in helping financial services organizations reduce the total cost of ownership of these vital systems.

About Platform Computing

Platform Computing is the leader in cluster, grid and cloud management software -- serving more than 2,000 of the world's most demanding organizations. For 17 years, Platform's workload and resource management solutions have delivered IT responsiveness and lower costs for enterprise and HPC applications. Platform has strategic relationships with Cray, Dell, HP, IBM, Intel, Microsoft, Red Hat, and SAS. Visit www.platform.com.

About Calypso

Calypso offers financial institutions and corporate treasuries an integrated trading, risk and processing platform which provides a solid, modern foundation for future business growth. Over 110 customers, including eight of the top ten banks, use Calypso to better manage positions and risk globally, across assets, for derivatives and treasury products. The Calypso Trading and Risk Management Platform is the industry's first platform build from the ground up to be a front to back office, cross-asset platform. With thirteen global offices and over 475 employees, Calypso has been recognized for its award-winning innovations and strong customer service culture. Visit www.calypso.com.

-----

Source: Platform Computing Corp.

Share Options

Subscribe

Subscribe to HPCwire

Discussion

There are 0 discussion items posted.

Join the Discussion

Become a Registered User Today!

Registered Users Log in join the Discussion

RSS Feeds

Feeds by Topic

Feeds by Industry

Feeds by Content Type

Subscribe to All Content

All

May 23, 2012

May 22, 2012

May 21, 2012

May 18, 2012

May 17, 2012

May 16, 2012

May 15, 2012

May 14, 2012

May 11, 2012

Feature Articles

NVIDIA Works On CPU Co-Dependency Issues with Kepler GPU

NVIDIA is telling everyone that the GK110, its new Kepler GPU aimed at supercomputing, is all about improving performance per watt. But the other driving theme behind the new architecture is reducing the GPU's reliance on its CPU host. How well it accomplishes both these goals areas could determine the success of the new chip in high performance computing.
Read more...

OpenACC Starts to Gather Developer Mindshare

PGI, Cray, and CAPS enterprise are moving quickly to get their new OpenACC-supported compilers into the hands of GPGPU developers. At NVIDIA's GPU Technology Conference this week, there was plenty of discussion around the new HPC accelerator framework, and all three OpenACC compiler makers, as well as NVIDIA, were talking up the technology.
Read more...

NVIDIA Launches Kepler Into HPC

NVIDIA has introduced its first Kepler-generation GPU product for high performance computing, and revealed some of the inner working of the new architecture. The announcement took place at the kickoff of the company's GPU Technology Conference taking place this week in San Jose, California.
Read more...