NET2S and Aspeed grid computing partnership targets European capital markets

Source: Aspeed

NET2S, a leading international consultancy specialising in capital markets technology and US-based ASPEED, the global leader in application acceleration today announced a partnership designed to bring grid computing solutions to financial institutions in Europe.

By leveraging ASPEED's ACCELLERANT software, NET2S will be able to offer its European customers technology to optimise business-critical applications and create efficiencies in-house.

Financial institutions are facing increasing demands to drive down costs while strains are put on existing infrastructures to meet the growing globalisation and sophisticated trading techniques of the market.

ASPEED's ACCELLERANT is used by financial services, pharmaceutical and other organisations that rely on complex applications, to significantly reduce their elapsed times, handle exponentially higher volumes and deliver more fine-grained analysis for higher precision, by leveraging new multi-CPU, cluster and grid configurations.

Paw Andersen, Operations Director, NET2S comments, "Business demands are driving many of our clients to capitalise on sophisticated techniques such as algorithmic trading, real-time pricing and Monte-Carlo simulations; IT infrastructures must be able to support this activity.

We are delighted to be working with ASPEED, to bring their solutions to clients in Europe, and assist buy- and sell-side firms in optimising their current systems through grid computing."

"The financial sector is continually searching for powerful solutions to maximise existing systems in a bid to remain competitive. By applying ASPEED's grid computing software we help companies distribute processes across available global system resources on demand," said Greg Ammirati, Vice-President, Worldwide Field Operations for ASPEED. "Our partnership with NET2S promises to eliminate the application barriers and help European customers achieve cost-savings and boost performance without re-writing existing complex applications."

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