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Trading on the Grid

ABN AMRO deploys GridServer for derivatives trading.

Grid Computing

ABN AMRO has rolled out DataSynapse's (New York) GridServer software across the bank's derivatives trading division to improve trading productivity and performance levels while offering enhanced resiliency for trading and risk systems, the vendor announced. DataSynapse GridServer has been deployed in Amsterdam-based ABN AMRO's Macro Exotics Trading division, which includes the trading of over-the-counter derivatives such as exotic interest rate options and long-dated foreign exchange hybrids.

According to DataSynapse, GridServer enables ABN AMRO's process-intensive pricing and batch reporting applications to be packaged, virtualized and executed across a heterogeneous system of resources for improved performance and manageability. As a result, the bank has moved its end-of-day batch reporting to the grid. Used by ABN AMRO for internal operations, compliance and downstream risk systems, processing times have fallen, enabling the bank to begin to increase its intraday processing, the vendor adds. Currently, ABN AMRO is utilizing approximately 600 logical engines in production on a variety of hardware and operating systems, DataSynapse says.

"The grid enables us to trade more-complex exotics in larger volumes," said Richard Bunting, IT relationship manager, ABN AMRO, in a release. "In addition, the increased capacity will allow us to benefit from improved scenario management and intraday processing, which also has enormous benefit in terms of risk management." *

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