Bear Stearns, IBM and The Tabb Group to Discuss Solving Data Latency Problems Over Distributed Environments

NEW YORK, MARCH 9, 2005 – In a panel to be hosted by GemStone Systems at DWT New York 2005, three financial services industry veterans will be discussing the problems that have arisen as a result of the increasing reliance upon distributed and grid computing environments at financial services institutions. The three panelists are: Buzz Moschetti, chief architecture officer, Bear Stearns, Larry Tabb, founder and CEO, The Tabb Group, and Kevin Pleiter, global grid solutions executive, financial services sector, IBM.

Two primary problems, new compliance regulations and the need for financial institutes to dramatically increase trading volumes as margins have decreased, have wreaked havoc on IT organizations. In order to deal with those problems, many institutes have rolled out distributed and grid environments to reduce bottlenecks caused by insufficient processing power. But, upon solving the processing power problem, the institutions often times have discovered problems in moving data around in such complex environments that involve hundreds or thousands of systems running on multiple platforms, operating systems and languages.

The panelists will explore a new approach for managing data and events across distributed architectures that significantly reduce data latencies across multiple environments. The technical benefits of this approach include high-performance applications, high data availability, and low cost for deployment and maintenance.

Addressed during the panel will be how a high performing, scalable data infrastructure can:

· Make all data uniformly accessible;

· Enable event-driven systems through automatic and immediate recognition of data changes;

· Overcome the different performance bottlenecks of traditional database sources;

· Decouple applications from the details of data access such as language and protocols;

· Ensure consistency and timeliness of the data.

Shankar Iyer, executive vice president, marketing and strategy for GemStone Systems, will moderate the panel. GemStone Systems is a software company that provides a highly scalable data infrastructure that serves as an operational data backbone for environments such as trading, risk, real-time analysis, grid computing and other financial services domains where data latency, uniform data access and data distribution are critical issues affecting business performance and objectives.

The panel will occur at 3:45 pm on Wednesday, March 16, at the DWT New York 2005 conference taking place at The Union Club in New York.

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