Bear Stearns Deploys Data Backbone
FRONT PAGE: DATABASE TECHNOLOGIES
NEW YORK—Bear, Stearns & Co. is using a data backbone offering from GemStone Systems rather than relational database technology for some key trading and risk operations, says Buzz Moschetti, chief architecture officer for Bear Stearns.
The data management needs of the firm—particularly its global clearing and settlement risk analytics and program trading groups—are such that the traders must be able to read huge amounts of data quickly, Moschetti says. They also require low latency access to
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