GigaSpaces Extreme Application Platform Powers Sun's Low Latency Market Data Solution


NEW YORK, Aug. 9 - GigaSpaces Technologies today announced the successful integration of its high performance eXtreme Application Platform (XAP) into Sun Microsystems' strategic Market Data solution to help capital markets customers process high volumes of market data in extremely short processing times, and scale to meet the volumetric growth of market data that is doubling each year.

GigaSpaces XAP provides Sun's Market Data customers the ability to handle and enrich raw data - coming from one or more data sources including direct exchange feeds - quickly with high throughput, and availability. With the addition of the GigaSpaces Enterprise Data Grid, end users can now choose various schemes of in-memory data for extreme low-latency access.

"Many of our customers in the Securities industry are facing performance and scalability challenges with their data-intensive trading applications," said Ambreesh Khanna, Sun Microsystems' CTO for financial services. "Leveraging GigaSpaces' ability to process large amounts of data from multiple sources on the grid in real time, with the high performance and low power consumption of our Sun Fire(TM) servers, Sun's Market Data solution is delivering on the primary needs of Wall Street's largest, most demanding firms."

GigaSpaces and Sun engineers recently completed joint scalability and tuning studies of GigaSpaces XAP middleware on the Solaris(TM) 10 Operating System (OS), Java(TM) Platform Standard Edition 5 and Sun Fire T1000 and T2000 servers. The results showed the highly parallel processing architectures of GigaSpaces XAP and the Solaris 10 OS on UltraSPARC® T1-based servers to be highly complementary and together form a superior, linearly scalable platform for running low latency, data-intensive, multi-threaded applications in financial services organizations.

According to Amnon Raviv, senior director of Strategic Alliances at GigaSpaces, "We optimized GigaSpaces XAP on Sun's T1000 and T2000 servers running the Solaris 10 OS, enabling customers to get extreme scalability and performance. We expect customers will see similar results with XAP on Solaris 10 and Sun's x64 (x86, 64-bit) systems. "By choosing XAP and the Solaris 10 OS, customers get the most bang for their buck - super-fast performance, and ability to scale across a wide range of hardware."

About GigaSpaces

GigaSpaces provides a single infrastructure software platform for application scalability and performance. GigaSpaces' unique approach enables developers to write their business logic as if writing to a single computer and then seamlessly scale out the application linearly anywhere, and on-demand. It is targeted at applications characterized by high-volume transaction and data processing and low transaction latency requirements and provides an alternative to Web Services for implementing high performance and scalable service-oriented architectures.

GigaSpaces customers include leaders in the financial services, telecommunications sectors and government institutions, including: Societe Generale, Chicago Mercantile Exchange, Dow Jones, Virgin Mobile, Nortel and Hutchison 3G, where the need for mission-critical high-performance, low-latency, reliability and scalability necessitates an alternative to traditional approaches.

GigaSpaces was founded in 2000 and has offices in New York, San Francisco, London, Paris and Israel. It is a privately held company, funded by FTVentures, BRM Capital, Intel Capital and Formula Vision.

For more information, please visit www.gigaspaces.com/, or visit the company's blog at http://www.gigaspacesblog.com/.

Contact:
Alit Bar Sadeh
GigaSpaces Technologies
917-701-5185
alit@gigaspaces.com

Rachel Miller
SHIFT Communications,
+1-617-779-1856,
gigaspaces@shiftcomm.com

Source: GigaSpaces Technologies

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