Platform Computing today announced that Gaselys, a joint venture created in 2001 by SociÃ©tÃ© GÃ©nÃ©rale 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.
âGaselysâ ability to do business is based on the production of accurate risk analyses,â said Gaselysâ Managing Director, Philippe Vedrenne. âWhen 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. Platformâs Symphony offers sustainable competitive advantage of superior grid computing.â
Platform Symphony: Gaselysâ Preferred Software of Choice
Gaselys anticipated the potential advantages of grid computing as early as 2003, and Platform Symphony quickly became the preferred software of choice. Gaselys implemented a server farm available 24 hours a day, on which fast calculations primarily intended for the trading room are carried out during the day and heavier calculations overnight. Virtual computing grids distribute the workload and enhance the use of available computing power. Another powerful feature of the solution is its scalability. When peaks in activity or changes occur, machines can be easily added to the server farm to increase the computing power of the system without intervention on the application layer.
âOur customers appreciate the fact they can organize their calculation demands in relation to their business needs in real-time,â said Charlie Jarvis, Vice President, European Financial Services, Platform Computing. âIn addition to a significant reduction in the total cost of ownership, Gaselys will have observed a constant improvement in performance, allowing the company to make faster and more precise decisions.â