GigaSpaces and Comarch Partner to Enhance Profits for Eastern European Financial Services Companies

New York, NY, USA - 18 May 2011

GigaSpaces Elastic Application Platform Enables Comarch Exchange Trading System (CXT) to Deliver Low Latency and Extreme Transaction Processing.

GigaSpaces Technologies, a leading provider of a new generation of application virtualisation platforms delivering end-to-end scalability, announces that Comarch, a leading Polish system integrator, will be using GigaSpaces eXtreme Application Platform (XAP) as the basis for its next-generation brokerage system.

"With GigaSpaces, our technology easily meets the ever-increasing performance requirements of financial services companies," says Artur Krzystek, Executive Director of Product Development at Comarch. "XAP ensures dynamic scalability without any decrease in performance, speed, or reliability."

GigaSpaces XAP is an end-to-end application virtualisation platform that guarantees dynamic, linear scalability both within data centre and cloud environments. By co-locating in-memory the application’s data, messaging and business logic, XAP ensures high-speed processing with millisecond latency, while ensuring bullet-proof reliability through automatic fail-over and self-healing.

"We compared XAP to competitive solutions, and in addition to the excellent standard features, we were impressed with its production tools and production readiness," continued Krzystek. "With XAP, we can monitor production and deploy the system to multiple machines quickly and easily."

Comarch clients include European retail and institutional brokerage companies as well as international banks and investment management companies, whose profits depend on analysing and processing exponentially increasing market data within milliseconds. They also need a system to support implementation of the increasingly stringent clearing and settlement requirements enforced by the EU.

"Comarch is a logical partner for GigaSpaces as part of our increased focus on Eastern Europe," says Mickey Alon, Director of Sales, Central Europe, at GigaSpaces, who is also responsible for Eastern Europe. "They benefit from our extensive experience working directly with our Fortune 100 financial services clients, ensuring their system truly fits all of their customers’ requirements."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development