Grid Computing News : QuIC Uses Grid to Speed Up Financial Apps

QuIC Financial Technologies is using grid technology to accelerate its risk management, pricing and financial analytics solutions. Using technologies from Intel and DataSynapse, the company said it boosted the performance of its Integrated Market and Credit Risk solutions. By running Quad-Core Intel Xeon 5400 series processors on GridServer software from DataSynapse, QuIC said it "achieved extremely fast calculation time" for its Unified Market and Credit Risk Solution. The portfolio benchmark, which included credit derivatives, interest rate derivatives, equity derivatives and FX options, was calculated within 40 minutes, and performance metrics based on accuracy, reliability and interoperability were improved. Incorporating the technologies from both Intel and DataSynapse allowed us to accelerate the calculation time without sacrificing the end results." To improve the reliability of the large-scale calculations, QuIC ran the tests on DataSynapse's GridServer software, a service execution platform that dynamically scales enterprise application services based on performance and business requirements.... read more