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Platform Computing’s Symphony Software Selected by European Energy Trader, Gaselys

Platform Computing today announced that Gaselys, a joint venture created in 2001 by Société Générale and Gaz de France, has successfully implemented Symphony. Symphony, a financial services software solution, performs very complex price and risk calculations in real-time delivering a crucial advantage in the competitive world of financial trading rooms.

Within strategic and highly volatile energy traded markets, IT infrastructure and computing capacity are critical to the success of business. Companies including Gaselys that are trading commodities such as oil, natural gas, energy and complex derivative products require precise snapshots of their market exposure and competitive pricing. Furthermore, like other investment firms, Gaselys is subject to specific regulatory constraints and must provide a number of indicators requiring compute-intensive, complex and high-volume calculations every day.

“Gaselys’ ability to do business is based on the production of accurate risk analyses,” said Gaselys’ Managing Director, Philippe Vedrenne. “When the installation was completed, calculations that were previously too compute-intensive to run more than once per day on one dedicated server were available in real-time. Platform’s Symphony offers sustainable competitive advantage of superior grid computing.”