Murex has entered into a partnership with grid infrastructure solution provider, Datasynapse to accelerate the implementation of advanced grid infrastructure to Murex's cross-asset trading, risk management and processing solutions customer base. Common customers will benefit from Datasynapse's virtualization technology that is capable of aggregating IT resources based on need, breaking down IT silos and more effectively using existing hardware to reduce IT spending.
"Our clients active in the risk management of complex financial products have long been facing calculation speed and cost issues. Building a plug-and-play connector to DataSynapse, a leading specialist in the grid technology area applied to financial markets, is an essential step towards helping our clients address a complex infrastructure issue," said Maroun Edd, Managing Partner at Murex, in a release.
The two companies are currently working with several European banks to implement DataSynapse's flagship product GridServer, which will manage Murex workload execution and respond to the banks' changing business computing requirements in real-time.
Murex designs and implements software solutions that support the entire trading, risk management and processing cycles of credit derivatives, interest rates, foreign exchange, equity and commodity instruments.
DataSynapse is a provider of adaptive grid infrastructure software that virtualizes access to computing and data resources. The company's products virtualize enterprise applications and provision them across available system resources on demand.