Financial markets rely on a constant flow of real-time information and the ability to react immediately to opportunity. Financial services firms must continuously evolve and strengthen their technological capabilities to support these growing demands.
Today's electronic trading environment requires sophisticated analytics and the ability to move in real time, said Peter Cherasia, chief information officer of Bear Stearns. TimesTen's real-time software delivers an excellent foundation for building our industry-leading capabilities and ensuring we stay in front of the marketplace going forward, added Mr. Cherasia.
Regulations, market structure changes and cost cutting continue to drive financial services firms to upgrade their trading capabilities, said Jim Groff, CEO, TimesTen. Forward-looking firms like Bear Stearns are choosing commercial options such as TimesTen that provide out-of-the-box data management support for real-time, continuously available applications through standard interfaces, added Mr. Groff.
TimesTen's software products are built from a unique combination of core technologies for In-Memory Database Management, Continuous Availability, Event Processing, Transaction Processing, and Data Exchange with an RDBMS. This foundation distinguishes TimesTen from any alternative available commercial or custom-built.