Paris, France, April 2, 2007 – Platform Computing
today announced that Gaselys, a joint venture created in 2001 by
Société Générale and Gaz de France, has successfully implemented
Symphony. Symphony, a financial services software solution, performs
very complex price and risk calculations in real-time delivering a
crucial advantage in the competitive world of financial trading
rooms.
Within strategic and highly volatile energy traded markets, IT
infrastructure and computing capacity are critical to the success of
business. Companies including Gaselys that are trading commodities such
as oil, natural gas, energy and complex derivative products require
precise snapshots of their market exposure and competitive pricing.
Furthermore, like other investment firms, Gaselys is subject to
specific regulatory constraints and must provide a number of indicators
requiring compute-intensive, complex and high-volume calculations every
day.
"Gaselys’ ability to do business is based on the production of
accurate risk analyses," said Gaselys’ Managing Director, Philippe
Vedrenne. "When the installation was completed, calculations that were
previously too compute-intensive to run more than once per day on one
dedicated server were available in real-time. Platform’s Symphony
offers sustainable competitive advantage of superior grid
computing."
Platform Symphony: Gaselys’ Preferred Software of
Choice
Gaselys anticipated the potential advantages of grid computing as
early as 2003, and Platform Symphony quickly became the preferred
software of choice. Gaselys implemented a server farm available 24
hours a day, on which fast calculations primarily intended for the
trading room are carried out during the day and heavier calculations
overnight. Virtual computing grids distribute the workload and enhance
the use of available computing power. Another powerful feature of the
solution is its scalability. When peaks in activity or changes occur,
machines can be easily added to the server farm to increase the
computing power of the system without intervention on the application
layer.
"Our customers appreciate the fact they can organize their
calculation demands in relation to their business needs in real-time,"
said Charlie Jarvis, Vice President, European Financial Services,
Platform Computing. "In addition to a significant reduction in the
total cost of ownership, Gaselys will have observed a constant
improvement in performance, allowing the company to make faster and
more precise decisions."
In an effort to efficiently use the capacities of their dual-core
and blade servers, Gaselys will continue to install new versions of
Platform Symphony, integrating technological breakthroughs in
microprocessors in order to maintain the competitive advantage Platform
offers its customers.
About Gaselys
As a subsidiary of Gaz de France (51%) and Société Générale
(49%), Gaselys combines a unique mix of industrial and financial
know-how to provide customer oriented Risk Management solutions and
asset optimization services.
Created in 2001, Gaselys ranks today among the top players on
European gas hubs. Leveraging on significant trading flows as well as
complex derivative expertise, Gaselys stands among the few energy
traders able to tailor relevant hedging and optimization solutions for
every type of player in the market on a large span of underlyings –
gas, oil, power, CO2, coal – and locations.
Gaselys received two prestigious awards in 2006 from Commodities Now
magazine: the Gold Award for Energy Risk Management and a Silver Award
for Energy Trading.
About Platform Computing
Platform Computing is the leading systems infrastructure software
company that accelerates applications and delivers IT agility for
increased business performance and reduced cost. Founded in 1992,
Platform is a pioneer in HPC, Cluster and Grid Computing technologies.
Platform has over 2000 global customers and strategic relationships
with Dell, HP, IBM, Intel, Microsoft, Red Hat and SAS, along with the
industry's broadest support for third-party applications. For more
information please visit www.platform.com
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