OpenLink Financial, Inc. (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announces today that it has received an Oracle Excellence Award. OpenLink was recognized for its innovative and sophisticated use of Oracle Coherence and received an Oracle Fusion Middleware Innovation Award at Oracle OpenWorld in September 2010.
Oracle Coherence underpins OpenLinkâs Active Data Services product (ADS), which maintains risk, credit and physical position data used by OpenLink clients for customizable position views throughout their trading days. ADS provides an open, fault-tolerant, scalable architecture exposing the rich analytics available within OpenLink's core trading and risk management suite to near real-time client applications including OpenLink's Active Position Manager (APM).
Jim Leeds, IT Director and Product Manager of the ADS product line for OpenLink, commented, "Oracle Coherence provides a robust underlying engine for ADS, delivering the right combination of performance, event-driven architecture and extensibility. APM with ADS builds upon Coherence, offering a sophisticated position management capability that is flexible enough to meet our customer's demanding trading and risk-management needs.â
âOracle Coherence has a long history of providing customers with fast, reliable access to critical enterprise data combined with predictable scalability and continuous availability. We are pleased that OpenLink is leveraging Oracle Coherence as part of their innovative ADS product to help their clients achieve flexible, extensible and dynamic views of their data deployed in near real-time,â said Cameron Purdy, Vice President of Development, Oracle.
Mike Gallagher, CTO of OpenLink, stated, âAs the markets become more competitive, intense, and complex, firms have increased needs for transparency, and heightened requirements for enterprise-shared data. Our clients appreciate the ability to make critical decisions in near real-time with the latest technology, tailored to the markets they trade, across various asset classes and geographies.â