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Primeur weekly 2011-09-26

Special

Steve Conway to highlight European HPC market at EGI Technical Forum ...

Exascale supercomputing

Appro and SDSC Gordon supercomputer to provide up to 35 million IOPS ...

"Stampede's" comprehensive capabilities to bolster U.S. open science computational resources ...

The Cloud

Bull and CA Technologies form a strategic alliance ...

Gresham Computing to launch Clareti Transaction Control ...

HP Channel Partners open new Cloud Centers of Excellence ...

IBM expands Cloud delivery of smarter commerce ...

'Managed application services added to Interoute’s unified computing portfolio ...

Midas Medici's CIMCORP wins $3 million contract for data centre solutions in Brazil ...

Oracle successfully completes Continua Health Alliance interoperability testing ...

SDSC announces scalable, high-performance data storage Cloud ...

Desktop Grids

e-ScienceTalk Briefing on Desktop Grids has just appeared ...

BOINC integrated with Wordpress ...

OurGrid version 4.2.6 now released ...

EuroFlash

Bright Computing now resells Altair PBS Professional Workload Manager, delivering HPC operational efficiencies and cost savings ...

Repsol and BSC create a joint research centre in Spain ...

Sailing Mediterranean ICT seas - Boosting high-speed ICT infrastructures across Europe and Mediterranean ...

Mini-quantum computer passes test ...

Like fish on waves: electrons go surfing ...

USFlash

Emerson Network Power doubles the life span of VME boards ...

Retailers generate high-volume sales with IBM solution for smarter commerce ...

Nearly half of IT decision makers favour solid-state storage technology ...

University of Minnesota Supercomputing Institute adds Dell Terascala HPC Storage Solution to Itasca system ...

Oracle announces the immediate availability of the Oracle Database Appliance ...

Oracle Financial Services Revenue Management and Billing running with Oracle Exadata Database Machine delivers extreme performance ...

Major supercomputing boost for University of Canterbury ...

Post-silicon computing ...

Gresham Computing to launch Clareti Transaction Control

19 Sep 2011 London - Gresham Computing has launched Clareti Transaction Control (CTC), a new solution designed to provide financial institutions with real-time financial certainty in their transaction processing.

The solution allows real-time, business-driven controls to be put in place as soon as a trade takes place, so that any errors can be identified and rectified from the start (T+0) preventing potential discrepancies or loss events. Clareti Transaction Control covers all transaction types and asset classes and can handle innovative financial products just as easily as standardized flow products (such as simple equities), so that even the most complex derivative trades are tracked and audited appropriately.

"Given the volume of new financial products being continually created, and the difficulty in keeping track of these across multiple processing systems and applications it's all too easy to understand how breakages often occur in the transaction processing lifecycle, and as a result losses (or gains) can easily go undetected for substantial periods of time. Many financial institutions find that their ability to quickly innovate new financial products is constrained by the middle and back office which are struggling to provide the levels of service and control in an attempt to limit on the number and or structure of new products traders seek to trade", stated Bob McDowall, Senior Consulting Analyst Aite Group

Chris Errington, CEO of Gresham Computing stated: "In our experience financial organisations have typically invested in 'fix after fail' solutions, only seeking to repair transactions breaks after they have happened. Tier one banks can have literally thousands of known risk points in a transaction flow where something can silently go wrong. Clareti Transaction Control is the only commercially-available solution that has been built specifically to address this problem. The solution provides control from order execution through to settlement, preventing loss events and minimising the risk of failure. Given the magnitude of loss events and the number of people involved in manual 'sticking plaster' solutions, we expect to deliver ROI for our customers within 12 months at most."

Data from the Operational Risk Data Exchange Association (ORX) helps to illustrate the problem. The ORX Global Operational Risk Database recorded 27,000 loss events in its latest annual summary, with a total value of 9.1 billion euro, 31% of which were in Execution, Delivery and Process Management. This data was gathered from just 57 banks (out of over 5,000 banks).

In contrast to today's 'fix after fail' solutions, which lack the ability to describe all but the most

straight-forward of non-vanilla products, Clareti Transaction Control provides 'prevent-based' controls, giving better control of operational risk and reducing the incidence of financial loss events in rapidly innovating environments.

Clareti Transaction Control uses a Grid based Cloud computing architecture with a business rules engine developed by Gresham that allows users across the front, middle and back-office to easily put the appropriate controls in place using business terminology, rather than computing code. This enables organisations to build an operational risk culture where the right controls are injected at the right time and in the right place to satisfy the needs of the business.

Clareti Transaction Control incorporates a real-time, low-latency, in-memory matching engine that is designed to process extremely high volumes of transactions. The solution is unique in its ability to process high volumes of flow products (such as equities) whilst also having the richness to match non-standardised, innovative financial products such as structured products. The user interface is built on a rich internet platform providing ease of delivery and a high quality user experience.
Source: Gresham Computing

Back to Table of contents

Primeur weekly 2011-09-26

Special

Steve Conway to highlight European HPC market at EGI Technical Forum ...

Exascale supercomputing

Appro and SDSC Gordon supercomputer to provide up to 35 million IOPS ...

"Stampede's" comprehensive capabilities to bolster U.S. open science computational resources ...

The Cloud

Bull and CA Technologies form a strategic alliance ...

Gresham Computing to launch Clareti Transaction Control ...

HP Channel Partners open new Cloud Centers of Excellence ...

IBM expands Cloud delivery of smarter commerce ...

'Managed application services added to Interoute’s unified computing portfolio ...

Midas Medici's CIMCORP wins $3 million contract for data centre solutions in Brazil ...

Oracle successfully completes Continua Health Alliance interoperability testing ...

SDSC announces scalable, high-performance data storage Cloud ...

Desktop Grids

e-ScienceTalk Briefing on Desktop Grids has just appeared ...

BOINC integrated with Wordpress ...

OurGrid version 4.2.6 now released ...

EuroFlash

Bright Computing now resells Altair PBS Professional Workload Manager, delivering HPC operational efficiencies and cost savings ...

Repsol and BSC create a joint research centre in Spain ...

Sailing Mediterranean ICT seas - Boosting high-speed ICT infrastructures across Europe and Mediterranean ...

Mini-quantum computer passes test ...

Like fish on waves: electrons go surfing ...

USFlash

Emerson Network Power doubles the life span of VME boards ...

Retailers generate high-volume sales with IBM solution for smarter commerce ...

Nearly half of IT decision makers favour solid-state storage technology ...

University of Minnesota Supercomputing Institute adds Dell Terascala HPC Storage Solution to Itasca system ...

Oracle announces the immediate availability of the Oracle Database Appliance ...

Oracle Financial Services Revenue Management and Billing running with Oracle Exadata Database Machine delivers extreme performance ...

Major supercomputing boost for University of Canterbury ...

Post-silicon computing ...