Sybase Launches Next-Generation Analytics Platform for Wall Street
May 12 2008 - 9:00AM
Business Wire
Sybase, Inc. (NYSE:SY), the largest enterprise software and
services company exclusively focused on managing and mobilizing
information, today announced the launch of RAP � The Trading
Edition�, a next�generation market analytics platform that lets
capital markets firms make better trading, risk and portfolio
decisions with less risk through timelier, more comprehensive
market insight. Designed specifically for high-volume,
high-velocity trading environments, RAP � The Trading Edition
accelerates varying analytics requirements for all asset classes in
a single platform. RAP � The Trading Edition enables capital
markets firms to capture and consolidate high volumes of market
data feeds by efficiently storing multiple years of trade and other
data in real time�compressing stored data by up to 70% and capable
of storing up to terabytes of data�while delivering 10 to 100 times
faster analytics performance than traditional data management
platforms. �The risk analytics market has barely been tapped.
There�s a huge growth opportunity to be seized for vendors
providing innovative offerings to optimize performance,� said Tom
Price, Senior Analyst at TowerGroup. �Wall Street is hurting and
they need to look at solutions that will provide them with better
efficiencies in their trade lifecycles.� Leading financial services
institutions, such as Mitsubishi UFJ Securities International plc
(MUSI), have already adopted RAP � The Trading Edition, the first
commercially available solution for addressing combined analytics
requirements. �As an early adopter of RAP � The Trading Edition,
our trading desk has been able to be more responsive to market
opportunities through faster, more complete analysis of market
data, both historical and real-time feeds,� said Jason Ross,
director, Rates Trading Group at MUSI. �We were pleasantly
surprised at the performance speed, and found we need only half the
storage capacity to store the same amount of data.� Other key
beneficiaries of the solution include quantitative analysts, risk
managers, and compliance officers. Analysts can run powerful
quantitative models against years� worth of time-series market
data, trading histories, and reference data, with complex analysis
running in minutes vs. hours; risk managers can monitor balance
sheet exposure hourly to reduce firm-wide risk; and compliance
officers can audit the trade flow to meet the latest market
compliance requirements. �RAP � The Trading Edition is the only
integrated solution today with the ability to absorb streaming
market data feeds and consolidate these with vast stores of
historical data for common shared access and analysis. We offer an
enterprise-class platform that can offer a single source of data to
the entire trade life cycle, from quantitative analysis, through
pre-trade pricing, to market risk analysis and compliance,� said
Dr. Raj Nathan, Chief Marketing Officer at Sybase. �In today�s
unforgiving market environment, financial services firms need
best-in-class, bullet-proof solutions that afford instantaneous
throughput with no down-time. Sybase� RAP � The Trading Edition is
very robust, having a built-in administrative console and
dependable business continuity/disaster recovery solutions to
protect against system failures.� For more information on RAP � The
Trading Edition, please visit: www.sybase.com/RAP About Sybase,
Inc. Sybase is the largest enterprise software and services company
exclusively focused on managing and mobilizing information. With
our global solutions, enterprises can extend their information
securely and make it useful for people anywhere using any device.
The world's most critical data in commerce, communications,
finance, and government runs on Sybase. For more information, visit
http://www.sybase.com. Sybase and RAP � The Trading Edition are
trademarks or registered trademarks of Sybase, Inc. All other
company and product names mentioned may be trademarks of the
respective companies with which they are associated. Special Note:
Statements concerning Sybase�s future growth, prospects and new
product releases are, by nature, forward-looking statements that
involve a number of uncertainties and risks, and cannot be
guaranteed. The words �anticipate,� �believe,� �estimate,�
�expect,� �intend,� �will� and similar expressions relating to
Sybase and its management may identify forward-looking statements.
Such statements are intended to reflect Sybase�s current views with
respect to future events and may ultimately prove to be incorrect
or false. Factors that could cause actual events or results to
differ materially include shifts in customer demand, rapid
technology changes, competitive factors and unanticipated delays in
scheduled product availability. These and other risks are detailed
from time to time in Sybase�s Securities and Exchange Commission
filings, including, but not limited to, its annual report on Form
10-K and its quarterly reports on Form 10-Q (copies of which can be
viewed on Sybase�s Web site).
Sybase (NYSE:SY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Sybase (NYSE:SY)
Historical Stock Chart
From Oct 2023 to Oct 2024