QuIC Financial Technologies is boosting performance metrics for the company’s Integrated Market and Credit Risk solutions as a result of incorporating new technologies from Intel and DataSynapse.

By running the Quad-Core 5400 series processors on GridServer software from DataSynapse, QuIC’s Unified Market and Credit Risk Solution has achieved extremely fast calculation time.  The portfolio benchmark which included Credit Derivatives, Interest Rate Derivatives, Equity Derivatives and FX Options was calculated within 40 minutes.  In addition, performance metrics based on accuracy, reliability and interoperability were improved, resulting in more flexibility and lower costs for risk managers.

“We are extremely pleased to be partnering with both Intel and DataSynapse,” said Tony Coppellotti, Chief Technology Officer for QuIC.  “During our test, we ran two Integrated Market and Credit Risk portfolio calculations featuring this new technology engine and the results beat our expectations for speed and reliability.  Incorporating the technologies from both Intel and DataSynapse allowed us to accelerate the calculation time without sacrificing the end results.”
 
To ensure a more robust and reliable process for the large-scale calculations, QuIC ran the tests on DataSynapse’s GridServer software.  GridServer is a service execution platform that dynamically scales enterprise application services based on performance and business requirements.

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Filed under: Risk, Technology