GigaSpaces and SuperDerivatives Combine Technologies to Increase Clients’ Competitive Edge

New York, March 29, 2011 /Targetwire/ – GigaSpaces Technologies, a leading provider of a new generation of virtualized application platforms delivering end-to-end scalability, announces that SuperDerivatives (SD), a world-leading derivatives solutions provider, is using GigaSpaces eXtreme Application Platform (XAP) with some of its SD risk management solutions.

"Our customers need a solution that can handle heavy calculations simultaneously while ensuring performance, scalability and high availability," says Matty Roter, Director of IT & Operations at SD. "XAP technology combined with our solution gives our clients a clear competitive edge."

SD is using XAP, the next generation of middleware to enhance the performance of some of its risk management solutions. XAP is an end-to-end virtualized application platform that allows for application processing and messaging services within the same in-memory data grid.

The XAP architecture allows SD, which offers independent pricing, management, risk and revaluation tools, combined with wide asset coverage and consistent methodology, to support intensive computations, which break down heavy calculations into multiple sub-tasks running in parallel, increasing processing speed by the provisioning of additional resources on the fly.

"Speed, scalability and reliability are critical for financial services applications," says Adi Paz, GigaSpaces Executive Vice President for Marketing and Business Development. "Using XAP, SD customers can rest assured they enjoy a fast, reliable, and scalable execution of terabytes of data with minimal latency."

_{About GigaSpaces
GigaSpaces Technologies is a leading provider of a new generation of virtualized application platforms. Our flagship product, eXtreme Application Platform (XAP), delivers end-to-end scalability across the entire stack, from the data all the way to the application. XAP is the only product that provides a complete in-memory solution on a single platform, enabling high-speed processing of extreme transactional loads, while scaling to meet any requirement – dynamically and linearly. XAP was designed from the ground up to support any cloud environment – private, public, or hybrid – and offers a pain-free, evolutionary path from today’s data center to the technologies of tomorrow.}

_{More than 350 organizations worldwide are leveraging XAP to enhance IT efficiency and performance. Among our customers are Fortune Global 500 companies, including top financial services enterprises, telecom carriers, online gaming providers, and e-commerce companies, such as Dow Jones, NYSE, Société Générale, Virgin Mobile, and Sears.}

_{For more information, please visit http://www.gigaspaces.com, our blog at http://blog.gigaspaces.com or contact:}

_{K2 Strategic Innovations
Larry Kenigsberg
larryk@k2-si.com
+972 9 794 1681 (GMT +2)
U.S. +1 913 440 4072 (ET +7)}

_{About SuperDerivatives
SD is transforming the world of derivatives by introducing transparency to all major traded derivative classes including foreign currency, interest rates, equities, commodities, energy and credit. Providing prices that reflect the interdealer market has led the company’s web-based, market-calibrated solutions to be widely accepted as the benchmark for derivatives pricing. 
Trading professionals on both the buy and sell side benefit daily from SD’s unique combination of unbiased, aggregated market data and sophisticated modeling techniques. The company also provides fully-fledged risk management solutions, award winning derivatives data and independent portfolio revaluation services.}

_{At the core of all the company’s solutions is SD’s extensively sourced and intelligently amalgamated market data, comprising true live market rates that are acid tested in real-time in the marketplace by active traders and run through a proven pricing model.
SD customers include leading banks, hedge funds, asset managers, custodians and hedge fund administrators in more than 60 countries, supported by a global network of SD offices with 24-hour support services.}

_www.sdgm.com

_{Nick Murray-Leslie/Nick Warren
Chatsworth Communications
+44(0)20 7440 9780
press@sdgm.com}

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