Cygnifi, the online derivatives offshoot of J P Morgan, is to outsource integration support and application hosting to Computer Sciences Corporation's eHub facility.
CSC has entered into a three-year agreement with Cygnifi to deliver managed, end-to-end application infrastructure support with leased, on-demand capacity. CSC says it will provide Cygnifi with faster time-to-market while reducing the risks associated with rapid development and unpredictable demand as it moves applications to full production.
The eHub service was developed to provide lifecycle management for securities industry clients, including application development, staging, stress testing, operations and monitoring, as well as messaging and transaction routing, advanced security architectures, and integration with special purpose networks. The technology is provided in association with Sun and EMC at three facilities in New York, London and Delaware.
Cygnifi aims to deliver pre-trade pricing, independent portfolio valuation, counterparty credit and collateral risk management services to derivatives professionals using an Application Services Provider (ASP) model.