SciComp Inc. and TAF Corporation Introduce PARAGON-enabled Version
Of SciFinance(R) Software for Derivatives Model Development and Integration
AUSTIN, Texas, Oct. 14 /PRNewswire/ -- SciComp Inc., a leading provider of
scientific computing solutions for the financial markets, today announced a
strategic alliance with TAF Corporation. TAF Corporation is a leading provider
of high performance distributed technology. SciComp's solutions for rapidly
developing and implementing derivatives pricing models will now include TAF's
PARAGON-enabled product to rapidly accelerate the speed of calculations.
"TAF's distributed computing technology will allow our SciFinance-
generated pricing codes to automatically distribute workload computation among
multiple hardware resources with minimum overhead and maximum turnaround
speed," said Elaine Kant, CEO of SciComp Inc.
The initial joint offerings, currently available, further reinforce the
SciComp paradigm of providing high ROI, high performance solutions, while
reducing programming, development and integration complexity.
SciComp's SciFinance decreases the turnaround time for derivatives model
development and allows financial analysts to easily explore and refine new
algorithms and complex options. SciFinance automatically generates complex
derivatives pricing codes that often run faster and are more accurate than
traditional development methods. The unique feature of SciFinance is that
users get custom, flexible source code for their models rather than a black
box.
"With constantly evolving global markets, firms are demanding software
solutions that reduce cost, deployment cycles, and risk exposure," said
Alexander Mintz, CEO of TAF Corporation. Our distributed software solutions
address these needs, leveraging the power of high-speed multi-processor bladed
servers for accelerated financial model calculation. The integration of
PARAGON with the SciFinance suite of products gives customers the power to
accelerate derivatives development and keep pace with today's financial
markets."
PARAGON is designed for intra-day trading, reporting and portfolio
evaluation. An open, distributed architecture makes it easy to integrate
legacy systems or newly developed code. From real-time to batch processing,
PARAGON enabled calculations offer dramatic speed improvements. TAF's patent
pending technology was developed to accelerate calculations in parallel on
large scale distributed virtualized or cluster environments and offers
throughput of 3000 messages/sec on bladed servers with Linux. PARAGON
facilitates real-time Quality of Service (QoS) by accounting for dynamic
feedback received from PARAGON Compute Servers. Those that are loaded heavier
get fewer requests. Missing replies (network delays, Compute Server
delays/failure, etc) are resubmitted for calculation. Duplicate replies are
discarded. PARAGON guarantees calculation of the whole set of supplied data.
PARAGON Real time Quality of Service (QoS) in distributed calculation offers
performance characteristics formerly reserved for embedded applications on
dedicated platforms.
About SciComp Inc.
As the recognized leader in software synthesis, SciComp provides automated
pricing technology to the financial services industry. SciComp's products are
used by some of the world's largest investment banks to decrease the
turnaround time for derivatives model development. Visit http://www.scicomp.com or
call (512) 451-1050 for more information.
About TAF Corporation
TAF Corporation specializes in software for high performance electronic
trading, order management and analytic systems in the domain of global
financial markets. TAF's products are developed to facilitate the ultimate
utilization of network resources and multi-processor hardware architectures to
achieve superior performance and stability in software. Visit
http://www.tafcorp.com, email support@tafcorp.com or call (973) 535-2876 for
performance benchmarks or more information.
SOURCE SciComp Inc.
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Related links:
http://www.scicomp.com
http://www.tafcorp.com
CONTACT:
David Johansen, VP, Sales & Marketing of
SciComp Inc., +1-512-451-1050, ext. 203, johansen@scicomp.com; or
Alexander Mintz, President of TAF Corporation, +1-973-535-2876,
alexander.mintz@tafcorp.com
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