SunGard today announced the launch of Adaptiv Analytics, a solution for rapid computation of complex risk calculations.
Adaptiv Analytics provides an extensible framework for distributing complex portfolio-level risk calculations across a grid of servers. The solution can be tailored to help financial services institutions meet requirements for market and credit risk management.
As volumes and complexity of traded products increase, existing IT solutions within financial services institutions are unable to perform risk calculations in the required timeframes. This means that financial services institutions may be running their businesses on inaccurate and incomplete risk information. By utilising modern technologies Adaptiv Analytics supports extensibility in trade, risk factor and portfolio models to keep pace with product and methodology evolution, whilst providing scalability of hardware to meet increasing volumes. Adaptiv Analytics is available on a stand-alone basis and also acts as the core calculation engine for Adaptiv's market and credit risk solutions.
"Adaptiv Analytics has been designed to take advantage of multi-core and grid technology on the upcoming generation of Intel Xeon processor-based systems based on the Intel Core microarchitecture to help deliver complex risk calculations in the shortest imaginable timeframes," said Greg Symon, director of global software solutions for Intel. "The close collaboration between Intel and SunGard’s Adaptiv team has resulted in a solution that can scale to help meet the demands of our joint customers in both market and credit risk."
Juerg Hunziker, president of SunGard's Adaptiv business unit, stated, "Adaptiv Analytics is an innovative solution that will help enhance credit and market risk systems by providing high performance computing in a cost-effective package."
Separately, SunGard today announced the availability of FRONT ARENA version 2.2, the latest version of its leading cross-asset trading platform.
FRONT ARENA version 2.2 offers more integrated workflows across product lines and value chains. At the core of the new release is a service bus that will help trading firms reduce total cost of ownership by helping lower running costs, lower integration costs, and lower operational risk. FRONT ARENA version 2.2 is also positioned to address future MiFID requirements, in particular by providing systematic internalisation for trade order flow.
FRONT ARENA version 2.2 uses a specially constructed service bus based on TIBCO messaging middleware that provides support for high performance messaging and has been incorporated into SunGard's Common Service Architecture. The FRONT ARENA service bus enables "instant plug-in" of specific services, such as pricing services, as well as integration with legacy systems.
"Since the service bus API is available in many different programming languages – Java, C++ and Python – you can mix and match components, and they can still talk to each other, regardless of whether they are implemented in Windows, Solaris or Linux," pointed out Nils Undén, chief technology officer of SunGard's FRONT ARENA business unit. "It helps you to integrate components with completely different internal technologies and architectures."