Nordea virtualises derivatives risk pricing with DataSynapse

Nordea virtualises derivatives risk pricing with DataSynapse

Scandinavian bank Nordea has implemented DataSynapse's GridServer software in an effort to speed up turn-around times for risk pricing at its derivatives trading operations.

Nordea has moved its end-of-day and intra-day derivative risk calculations to GridServer, reducing processing time for the most complex trade pricing calculations.

New York-based DataSynapse's virtualisation technology utilises the spare capacity of idle computer kit to ramp up processing power for number crunching tasks. By creating a virtualised environment that matches user demand with supply of available system and data resources, GridServer provides an on-demand environment that improves application performance, resiliency and uptime.

Earlier this year Dutch banking group ABN Amro deployed the GridServer package to improve productivity and performance levels at its macro exotics trading division.

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