Bear Updates GemFire
Under terms of the deal, Bear Stearns licensed the vendor's GemFire Enterprise for managing in-memory data across its enterprise applications, according to officials.
The new deployment aims to help the investment bank achieve a multi-fold increase in trading speeds and volumes, reduce risk computation times, and have a better view of risk, pricing and portfolio valuations across multiple asset categories, according to vendor officials. In the initial phase, GemFire was deployed as a part of the
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