SunGard is to bundle DataSynpase's flagship GridServer software with its hosted Adaptiv Analytics platform for market and credit risk, in an effort to meet growing demands for intra-day and real-time risk calculations.
By running the Adaptiv Analytics software for market and credit risk on a grid of servers managed by GridServer, risk executives can benefit from the ability to run risk calculations quickly, helping cut execution times from days to minutes, says New York-based DataSynapse.
David Rowe, executive vice president for risk management at SunGard's Adaptiv business unit, says the timely incorporation of new trade types into risk systems is a concern for senior risk managers.
"The complexity of innovative derivatives coming to market is often a bottleneck to risk systems, preventing a bank from maximising new opportunities," says Rowe. "DataSynapse GridServer complements the native parallelisation of the Adaptiv Analytics application to help deliver the kind of response times expected by leading financial institutions."
Rick Moran, DataSynapse's SVP of business development, says risk management staff and trading managers are demanding faster access to risk calculations to allow this information to be reflected in pricing decisions, while banks are moving from end-of-day reporting to the provision of intra-day results, and GridServer is helping institutions to reach this goal.