Xenomorph, a provider of data management systems, and Microsoft have partnered to apply high performance computing to data management in financial markets. Microsoft Windows HPC Server 2008 technology will be integrated with Xenomorph’s TimeScape data and analytics management system.
According to Xenomorph, the partnership comes as trading automation, expanding data volumes and increasing regulatory demands put financial data management under strain. In addition, management systems are moving from being over-night batch-based systems to providing real-time responsiveness.
In response to this, Xenomorph will apply Microsoft’s high performance computing (HPC) technology to the intraday calculation of large correlation matrices, a calculation for correlation-based trading and risk management. Windows HPC Server 2008 will become the first HPC platform to be fully integrated within TimeScape. This will deliver scalability in reference and market data management, allowing TimeScape to analyse high volume market data and accurately value derivative instrument portfolios, said Xenomorph.
Brian Sentance, CEO of Xenomorph, said: In many ways, data has run ahead of the market’s ability to analyse it. Even with high-volume storage of market data, when it comes to data analysis, many institutions find themselves asking the question, ‘We’ve got the data, now what?’ Parallelization using HPC is the only way to keep on top of this and helps competitive advantage in bringing new trading and risk management ideas to market.