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Article

Title: Wall Street adopts new technology: On radar: Service-oriented...

Author: Taft, Darryl K Article Type: Product Analysis
Source: eWeek, v21 n18 p9(2) Publication Date: May 3, 2004
  ISSN: 1530-6283
URL of Publication: http://www.eweek.com

Wall Street is adopting new technology such as service-oriented architecture (SOA). Vendors such as VERITAS Software, Persistence Software, IBM, and Linux vendor Red Hat are coming up with products to help financial services companies. Grid computing is being used for high-end computing to streamline calculations quickly, as well as for handling various applications in a faster and cheap way through clustered processors. Wall Street is moving toward cluster systems that turn their applications into components. Persistence Software believes that SOAs are the best way to handle this issue. Having software systems act as reusable services and be able to distribute services to geographically disperse customers is SOA's proposition. Grid computing and Linux are being favored because of the speed and power that clustered technology provides to such financial-specific applications as market data, credit risk, and trade management. Red Hat systems are being used for executable streaming price systems. VERITAS Software is another proponent of SOA's value for financial markets.

Products:
Financial Services SOA (Service Oriented Architecture)

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