Toronto-based Algorithmics has teamed up with peer-to-peer technology vendor DataSynapse to develop a distributed Linux cluster version of its risk management system Algo Suite.
By utilising Data Synapse's LiveCluster 3G application infrastructure platform, users will be able to run Algo Suite on heterogeneous computing environments running both Linux and Sun Microsystems' Solaris operating systems.
Curt Burmeister, product marketing director, distributed computing, Algorithmics, comments: "As clients move towards real-time risk reporting, distributed computing is the only approach that can cost-effectively provide the required CPU cycles."
Algorithmics says the Linux cluster version of Algo Suite 4.3 will be available in the third quarter of 2003.
Separately, Algorithmics has also announced that loaders for Bloomberg's Data License product are now available as part of its Algo Suite.
The Algo data loaders allow users to access Bloomberg's market and securities data feeds.