GigaSpaces eXtreme Application Platform Enhances Efficiency and Performance of SIG Worldwide Network
New York, NY-March 11, 2008 – GigaSpaces Technologies today announced that the Susquehanna International Group of Companies (SIG), one of the largest privately-held financial institutions, has selected the GigaSpaces eXtreme Application Platform (XAP), a next-generation application server for distributed environments such as grids. SIG has deployed GigaSpaces to improve the efficiency and performance of its worldwide trading platform.
Distinguished by its global market presence and grasp of trading dynamics, SIG excels at decision theory and implementing sophisticated pricing probability models. SIG has created a complex and distributed trading platform to manage those probability models and handle the many trades across its worldwide network. In upgrading its platform in a .Net environment, SIG looked to GigaSpaces, whose products are widely used in capital markets for extreme transaction processing (XTP) applications.
“Our trading platform requires the support of multiple low latency applications with a large amount of concurrent clients. GigaSpaces has allowed us to greatly improve the scalability and performance of our trading platform,” said Geoff Buhn, manager in charge of options trading technology at SIG.
SIG’s new trading platform is developed on top of GigaSpaces, supporting a .Net based grid that spans multiple remote sites. GigaSpaces also provides tools for monitoring trader activities in addition to data caching needed for complex calculations.
“SIG understands the true benefits of adopting innovative technologies that improve IT and business efficiencies,” said Warren Schuman, vice president of North American sales at GigaSpaces. “GigaSpaces eXtreme Application Platform helps to empower SIG’s trading business to deliver greater value and position its business for future growth.”
About Susquehanna International Group (SIG)
The Susquehanna International Group of Companies (SIG) is one of the largest privately held global financial firms servicing major securities markets and institutional clients worldwide. An innovator with options and derivatives, SIG leverages its quantitative applications to maintain its renowned liquidity provision and execution capabilities in a broad range of equity, fixed income, and commodity products. SIG includes affiliated entities specializing in investment banking, research, institutional sales and trading, private equity and venture capital. Headquartered in the Philadelphia area, SIG employs over 1,400 individuals located in Asia, Australia, Europe and North America. For further information about SIG’s services, products and recruitment opportunities, please visit http://www.sig.com
GigaSpaces Technologies is a leading provider of a scale-out application server for Java, .Net and C++ environments. The GigaSpaces middleware is a single product that handles data, business logic and messaging — and utilizes industry-standard APIs and an open source stack to provide a complete application infrastructure solution. With GigaSpaces, applications can be easily built for scalability, reliability and high-performance in distributed environments, such as SOA, clusters, grids and cloud computing.
GigaSpaces’ customers include leading organizations in financial services, telecommunications, manufacturing and the Internet, where the need for mission-critical high-performance, reliability and scalability necessitates an alternative to traditional approaches. GigaSpaces was founded in 2000 and has offices worldwide. For more information visit: http://www.gigaspaces.com
For additional information, contact:
Tel: (+1) 617-779-1856
GigaSpaces Technologies, Inc.
Tel: (+1) 415-449-1557
GigaSpaces is a trademark of GigaSpaces Technologies, Inc.