[March 22, 2013] Fultech, Kove and McObject Come Together to Enable Real-Time Risk Solution Tweet Mar 22, 2013 (Close-Up Media via COMTEX) -- Capitalizing on the STAC-M3 benchmark results from the STAC Summit conference in London last November, Fultech, Kove and McObject teamed up to apply these technologies in storage and database performance to Risk Management in the capital markets with results that demonstrated performance improvements and scalability on market standard risk functions. According to a release, Fultech, a capital markets advisory services company, devised a proof-of-concept test scenario for portfolio exposure in risk management simulating 50,000 Accounts with 3,278 positions and challenged the technology team to produce a portfolio exposure result based on 10-year historical VaR (value-at-risk) in ten minutes. Answering the challenge, the Kove and McObject teams configured a solution consisting of 4 compute hosts, McObject's eXtremeDB Financial Edition, and 4 terabytes of Kove XPD L2 storage. The system produced the results in less than 8.5 minutes. That's 428 billion calculations performed on 13.5 terabytes of data in less than 8.5 minutes. Fultech's Managing Partner Paul Constantino said, "These compelling results from our Risk simulation are a promising first step to enabling and delivering complex intra-day and eventually real-time functionality previously not possible in the risk and analytics space. We also see great potential for use of these technologies across the trade lifecycle and plan to release new applications in the coming months. The successes our technology partners have demonstrated clearly pave the way for a new paradigm in performance, functionality, and scalability in the capital markets." Holding world records for latency, IOPS, and bandwidth, Kove storage is the lynchpin for developing solutions that will approach real-time in risk, analytics and related processes for the capital markets. Kove Direct Storage Access (KDSA) technology outperforms all other SSD storage, maintains consistent speed at any capacity level including 100 percent, never degrades over time, and does not require periodic media replacement. "We are pleased with this unprecedented high performance real-time Risk Solution record, another Kove first. This collaboration in deploying the Kove XPD L2 memory disk for financial services is a continuation of our leadership in high performance storage, providing real world solutions for those who want the competitive advantage of the absolute fastest storage available," said Kove CEO, John Overton. Industry partners are also impressed with XPD L2 performance. "As seen in customer deployments and in STAC-M3 benchmark results, the eXtremeDB Financial Edition database system raises the bar for speed and scalability in data-intensive trading applications. Risk management is an area of trading where eXtremeDB can deliver the greatest benefits, meeting regulatory requirements, providing greater market stability, and protecting the large amounts of capital at stake. eXtremeDB is the only database that has achieved this level of performance, while maintaining full ACID database properties and transactions," said Steve Graves, McObject CEO. More information: www.fultechconsulting.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]