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Platform Computing integrates Symphony with Calypso Galapagos

19 January 2010  |  1909 views  |  0 Source: Platform Computing

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, Financial Services, 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."

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