Liquidnet to Deploy Data Grid

"We want to have our data stored in memory, closer to the business processes," says Kevin Lupowitz, CIO of New York-headquartered Liquidnet. The data grid would also be instrumental for the firm to further foray into the algorithmic trading space and expand into the European markets, he adds.

Liquidnet has plans to buy a data grid offering and is currently examining some options, including offerings from grid computing vendor GigaSpaces, enterprise data fabric provider GemStone Systems and

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