IBM Helps Financial Markets Manage Increasing Volumes of Transactions (source: websphere.sys-con.com)

Wednesday, June 23, 2010 by 3rd Party Source


IBM has unveiled a new technology platform designed to transform the way that financial services firms manage the ever increasing amount of data and transaction volumes generated by capital markets around the world.

Financial systems are tremendously data-intensive and rely on speed in trading transactions that can result in huge profits and help exchanges compete and meet client demands. The slightest unexpected spike in market volatility can lead to transaction delays and systems failures, with a direct impact on the global financial system and the businesses and individuals that rely on it.

Recognizing these demands, IBM is introducing the new Financial Markets Framework, an open standards based technology platform that combines IBM’s industry assets and ultra-low latency features with advanced information management, analytics and process integration software.

According to analyst firm Celent, the global securities and investment software market currently exceeds $14 billion annually, [1] and financial services firms are increasingly relying on technology to drive new innovation, streamline operations, improve reliability and meet a growing list of regulatory requirements for transparency, compliance and risk management.

Interactive Data Corporation a global provider of managed ultra-low latency services for electronic trading and a broad spectrum of market data and related areas, is using the IBM framework to provide a variety of electronic trading infrastructure services to clients.

Interconnected systems deployed on fit for purpose technologies that are tuned for specific workloads enable the most efficient deployment of enterprise solutions – reducing cost and increasing efficiencies by supporting a single view into essential operations as they occur across their entire enterprise. The IBM Financial Markets Framework leverages both industry and open standards to simplify integration, improve interoperability and enable the delivery of innovative customer-centric services.

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