DATASYNAPSE VIRTUALISATION TECHNOLOGY SPEEDS ABN AMRO TRADING

London – 12 September 2006

DataSynapse, a global provider of application virtualisation software, today announced that ABN AMRO has rolled out DataSynapse GridServer® software across its derivatives trading division. Virtualisation technology from DataSynapse is helping ABN AMRO improve trading productivity and performance levels while offering enhanced resiliency for its trading and risk systems.

DataSynapse GridServer has been deployed in ABN AMRO’s Macro Exotics Trading division which includes the trading of over-the-counter (OTC) derivatives such as exotic interest rate options and long dated FX hybrids. GridServer enables ABN AMRO’s process-intensive pricing and batch reporting applications to be packaged, virtualised and executed across a heterogeneous system of resources for improved performance and manageability.

Since the first phase of the project, which included moving 60 dedicated hardware platforms to the grid in March 2005, ABN AMRO has seen immediate increases in performance and resilience of its trading applications.

More recently, ABN AMRO has moved its end-of-day batch reporting to the grid. Used by the bank for internal operations, compliance and downstream risk systems, processing times have fallen, enabling the bank to begin to increase its intra-day processing. Currently, ABN AMRO is utilising around 600 logical engines in production on a variety of hardware and operating systems.

“DataSynapse has enabled us to increase the performance and resiliency of our trading applications, while better utilising the power of our existing data centre resources,” said Richard Bunting, IT Relationship Manager at ABN AMRO. “Our traders benefit directly from the new quality of service we can deliver to the business, as the grid enables us to trade more complex exotics in larger volumes. In addition, the increased capacity will allow us to benefit from improved scenario management and intra-day processing, which also has enormous benefit in terms of risk management.”

ABN AMRO intends to further extend the grid into its credit derivatives and analytics business lines to exploit the advantages of a scalable IT infrastructure. The bank is seeing direct benefits in terms of data centre infrastructure, whereby the reuse of existing hardware resources is helping to alleviate data centre issues of power and cooling and the need to spend on new server hardware going forward.

“The ability to virtualise applications so that they are not tied to dedicated compute, storage and network resources is giving banks like ABN AMRO enormous competitive advantage in terms of an on-demand IT infrastructure,” said Willy Ross, DataSynapse managing director of Europe, Middle East and Africa (EMEA). “GridServer enables banks to add critical applications and resources in a scalable and repeatable process, to build a more resilient infrastructure that is able to satisfy the needs of the business.”

Already the de facto standard for grid and virtualisation technology in the financial services industry, In January this year, DataSynapse announced that for the fifth consecutive year, it had more than doubled its annual revenues, finishing the year with more than €20 million in sales.

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