More NewsUGIS Selects Platform Computing to Deliver Private Cloud Environment

UGIS Selects Platform Computing to Deliver Private Cloud Environment

UniCredit Global Information Systems (UGIS), the global information and communication technology (ICT) company of the UniCredit Group, has selected Platform Computing to create a global, virtualised shared computing infrastructure for its global markets and investment banking and risk management applications to lower their costs and increase server utilisation.

UGIS selected Platform Symphony and core components of Platform ISF to create a dynamic grid computing platform across its datacenters. This new shared computing platform will add processing power to key applications, while reducing the cost by tapping previously underutilised computing resources. UGIS Global markets and treasury is using Platform Computing to support its growth across multiple business units. The shared IT infrastructure is used to support major pricing and risk applications as well as testing and end-user acceptance development. Platform Computing replaces several homegrown solutions built around various middleware solutions to provide better dynamic resource sharing across the datacenter.

UGIS Global markets and treasury is now able to dynamically provision physical and virtual resources and allocate workloads to existing virtual image containers based on utilisation thresholds. The shared compute infrastructure is used for pricing purposes from Murex fixed income and interest rate derivatives, Murex foreign exchange (FX) options, Murex credit derivatives and for the market risk, and will be extended in the coming months to other front office applications such as Sophis for equity derivatives. The new credit counterparty risk application will also be based on Platform Symphony.

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