Platform Joins With Excelian to Offer Risk and Pricing Analytics
Platform Computing has reinforced its partnership with Excelian, a Murex, OpenLink, Grid and high performance computing (HPC) consulting company, to deliver analytics. Based on Platform Symphony, the service oriented architecture (SOA) grid middleware, Excelian’s service offering enables financial services customers to securely and seamlessly scale compute capabilities for risk and trading analytics without the cost and time required to acquire servers, network bandwidth or administrative staff.
Excelian and Platform Computing have built a multi-purpose, computational grid infrastructure to enable on-demand, 24×7 analytical calculations for banks and funds of all sizes. The Excelian offering is particularly suited for running market and credit risk analytics, scenario simulation and strategy back-testing, and asset and portfolio pricing and modelling.
Charles Jarvis, vice president financial services, Europe, the Middle East and Africa (EMEA), Platform Computing, said: “In times of heightened budget consciousness, IT managers need solutions that provide more compute capabilities without increasing capital expenditure. This partnership … means they can focus on building competitive features for their business without worrying about their infrastructure capabilities.”