DataSynapse and QuIC Financial Technologies to Offer Joint Best-of-Breed Solution for Complex Risk Management and Financial Analytics Applications.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & VANCOUVER, Canada -- Leading Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Companies to Benefit from Advanced Capabilities for Computationally com·pu·ta·tion n. 1. a. The act or process of computing. b. A method of computing. 2. The result of computing. 3. The act of operating a computer. Intensive Portfolio Calculations and Simulations DataSynapse, Inc., the global provider of virtual application infrastructure software, and QuIC Financial Technologies Inc., a leading innovator in enterprise-wide risk management and financial analytics solutions, today announced a collaborative partnership integrating DataSynapse GridServer(R) with the QuIC Product Suite. The combined offering brings together the benefits of a multi-dimensional calculation engine integrated with a highly scalable IT infrastructure to leading financial services firms looking to speed up complex portfolio pricing, analytics and simulation-based applications. The integrated solution enables customers to seamlessly virtualize To cause a virtual technique to be performed. See virtualization. QuIC Product Suite applications, maximizing resource availability for trading and risk calculations, even during peaks in compute To perform mathematical operations or general computer processing. For an explanation of "The 3 C's," or how the computer processes data, see computer. demand. It allows a substantial increase in the number of calculations processed, while compute response times are dramatically reduced - key benefits for an industry where billions of dollars are at stake daily. "DataSynapse is a proven leader in virtual application infrastructure software especially among financial services companies, which most value the QuIC Product Suite," said Justin Forrest, vice president of business development at QuIC. "This partnership will allow us to continue to offer our customers the unparalleled benefit, performance and ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). that is associated with our solutions." The joint solution is targeted at front and middle office applications, where GridServer's dynamic brokering and distribution capabilities will adaptively provision workloads. This enables the QuIC powerful vector engine to increase dimensionality of portfolios and simulation parameters, resulting in higher accuracy and response times. The combined offering has a direct impact on an organization's ability to increase profitability and measure performance whether being applied to model complexity, trading instrument structure or accuracy of portfolio simulation. "Out-of-the box integration with QuIC can help clients to drive business goals and generate revenue faster," said Peter Lee, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DataSynapse. "We strive to continue providing our customers with integrated solutions that increase return and improve performance." About QuIC Financial Technologies, Inc. QuIC is a global solutions provider for pricing, risk management and financial analytics. The QuIC Engine provides speed, accuracy and flexibility for pricing and risk calculations regardless of volume or complexity. Based on component technology, QuIC delivers scalable, dynamically extensible and user-customizable solutions, by creating a seamless calculation fabric available to multiple recipients throughout the enterprise. QuIC Product Suite easily integrates with in-house, partner and third-party applications & systems and operates in diverse environments, from a single laptop Same as laptop computer. laptop - portable computer to a large distributed grid. Applications include data & model calibrations, real-time pricing of complex derivatives derivatives In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. and high-volume portfolio simulation and analytics for market & credit risk, all delivered by user defined Any format, layout, structure or language that is developed by the user. sophisticated valuation and simulation methods. For more information please visit www.QuIC.com. About DataSynapse DataSynapse, Inc. is a global provider of virtual application infrastructure software. The company's flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , GridServer and FabricServer, virtualize business-critical applications and adaptively provision them across a shared infrastructure. DataSynapse helps clients improve business agility, while reducing the cost and complexity of their IT infrastructure. The company is headquartered in New York and can be found on the World Wide Web at www.datasynapse.com. |
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