Azul Systems reports Bear Stearns contract

Source: Azul Systems

Azul Systems today announced that Bear Stearns, a leading global investment banking, securities trading and brokerage firm, has chosen to implement Azul Vega 2 Compute Appliances to cost-effectively scale its derivatives trading applications.

Azul Systems' Vega 2 processor has a Java-optimized instruction set, hardware-assisted garbage collection and support for optimistic thread concurrency.

"Bear Stearns was looking for a highly scaleable technology solution for the Calypso trading application," said Sandeep Saksena, senior managing director at Bear Stearns. "Azul was chosen for its ability to deliver memory capacity while eliminating the application delays usually associated with large-scale Java deployments."

"Azul Systems has made long application pause times, poor throughput and inconsistent response times a thing of the past for Java applications," said Scott Sellers, president and CEO of Azul Systems. "As Bear Stearns and other respected financial institutions have found, Azul ensures flawless performance, a must in today's highly competitive and cost-sensitive market. Only Azul has been able to bring such a revolutionary offering to market, making traditional computing infrastructures seem cumbersome and antiquated."

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