To provide hedge fund clients with data and report processing, and faster delivery times
GlobeOp Financial Services has deployed the enhanced quad-core AMD Opteron processor to provide hedge fund clients with data and report processing, and faster delivery times.
GlobeOp said that the enhanced quad-core processor, installed in Sun Microsystems’s Sun Fire X4600 M2 server, provides additional scalability in Advent Software’s Geneva portfolio management and accounting system.
Bob Schwartz, chief technology officer of GlobeOp, said: We now process a higher volume of client reports and analyses faster, since we began the implementation earlier this year, daily demand spikes of up to 17,000 reports have processed smoothly. In addition to reducing most report delivery times by at least 50%, we are also able in some cases to run 50% more reports across our servers at once.
Ambreesh Khanna, head of global financial services industry at Sun Microsystems, said: The quad-core processor and new Sun Fire X4600 M2 server, running the Solaris Operating System combination, is specifically designed for memory-intensive applications like Advent Geneva. With up to 512GB of memory to accelerate data access and analysis, the system helps GlobeOp further increase efficiency and performance, which in turn helps its fund clients to reduce their IT infrastructure investment.