Platform Computing, a provider of cluster, grid and cloud management software, has introduced the new Platform Symphony 5.1.
Platform Symphony is an enterprise-class SOA management software that provides application services on a highly scalable grid.
The offering accelerates both business and financial risk-based processes and reduces latency to perform complex computations over grids in near real-time, said the company.
Platform Symphony 5.1enables a variety of business and financial risk applications, including real-time pricing, value-at-risk and Monte Carlo simulations, to better manage risk factors such as liquidity, credit, market and operations factors.
In addition, the offering provides distributed computing workload offerings for analytics processing, including: Complex Event Processing (CEP), Extract Transform and Load (ETL) and Business Intelligence.
The new Platform Symphony 5.1 features include: easier application on-boarding; faster, easier, less costly development and testing for applications; GPU Support; intelligent graphics processing unit (GPU) workload scheduling exposes; and higher scalability and performance limits.
The 451 Group financial markets research director John Barr said the speed of reaction to market changes often determines the likelihood of winning a deal.
"The credit crunch has focused attention on risk analysis, with many financial services firms now adding counterparty and liquidity risk to their analysis portfolios," Barr said.
"They rely on high performance grid computing to help them process massive amounts of data efficiently using real-time workloads at enterprise scale."
Platform Symphony 5.1 will be available from 29 April, 2011.
