Patsystems selects GigaSpaces grid infrastructure for new trading platform
GigaSpaces, a leading provider of grid-based infrastructure for real-time business applications, announced today that Patsystems (AIM: PTS), a leading global provider of high performance trading technology, has selected the GigaSpaces Grid infrastructure as a key server component in its new trading platform, "TradeMark".
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Targeted at global investment banks with worldwide order books and highly complex trading requirements, TradeMark is highly scalable, customizable and built with leading-edge technologies. It is the first in the industry to provide high availability industrial strength computing for organizations wishing to trade exchange-based instruments.
GigaSpaces' grid transaction server is now deployed in the TradeMark product, which will be generally available in the second half of 2004.
"GigaSpaces is a grid transaction server capable of processing substantial amounts of financial transactions in real time. It will allow Patsystems' customers to benefit from the dynamic grid technology, handling the ever increasing demand for performance and reliability, whilst keeping hardware and software costs in check," said William Todd, Director of Strategic Development at Patsystems.
"Patsystems is establishing itself as a leading brand in the financial software and trading industry. With a growing presence in Europe, US and Asia Pac, and continuous technological innovation, it has shown leadership in the trading software industry" said Yaron Benvenisti, CEO of GigaSpaces.
The GigaSpaces grid transaction server for intensive, scalable enterprise applications allows organizations to process massive transaction volumes in real-time while benefiting from the cost reductions and high flexibility of Grid Technology.