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SY Sybase, Inc.

64.98
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sybase, Inc. NYSE:SY NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 64.98 0.00 01:00:00

Sybase Launches Next-Generation Analytics Platform for Wall Street

12/05/2008 2:00pm

Business Wire


Sybase (NYSE:SY)
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Sybase, Inc. (NYSE:SY), the largest enterprise software and services company exclusively focused on managing and mobilizing information, today announced the launch of RAP – The Trading Edition™, a next–generation market analytics platform that lets capital markets firms make better trading, risk and portfolio decisions with less risk through timelier, more comprehensive market insight. Designed specifically for high-volume, high-velocity trading environments, RAP – The Trading Edition accelerates varying analytics requirements for all asset classes in a single platform. RAP – The Trading Edition enables capital markets firms to capture and consolidate high volumes of market data feeds by efficiently storing multiple years of trade and other data in real time—compressing stored data by up to 70% and capable of storing up to terabytes of data—while delivering 10 to 100 times faster analytics performance than traditional data management platforms. “The risk analytics market has barely been tapped. There’s a huge growth opportunity to be seized for vendors providing innovative offerings to optimize performance,” said Tom Price, Senior Analyst at TowerGroup. “Wall Street is hurting and they need to look at solutions that will provide them with better efficiencies in their trade lifecycles.” Leading financial services institutions, such as Mitsubishi UFJ Securities International plc (MUSI), have already adopted RAP – The Trading Edition, the first commercially available solution for addressing combined analytics requirements. “As an early adopter of RAP – The Trading Edition, our trading desk has been able to be more responsive to market opportunities through faster, more complete analysis of market data, both historical and real-time feeds,” said Jason Ross, director, Rates Trading Group at MUSI. “We were pleasantly surprised at the performance speed, and found we need only half the storage capacity to store the same amount of data.” Other key beneficiaries of the solution include quantitative analysts, risk managers, and compliance officers. Analysts can run powerful quantitative models against years’ worth of time-series market data, trading histories, and reference data, with complex analysis running in minutes vs. hours; risk managers can monitor balance sheet exposure hourly to reduce firm-wide risk; and compliance officers can audit the trade flow to meet the latest market compliance requirements. “RAP – The Trading Edition is the only integrated solution today with the ability to absorb streaming market data feeds and consolidate these with vast stores of historical data for common shared access and analysis. We offer an enterprise-class platform that can offer a single source of data to the entire trade life cycle, from quantitative analysis, through pre-trade pricing, to market risk analysis and compliance,” said Dr. Raj Nathan, Chief Marketing Officer at Sybase. “In today’s unforgiving market environment, financial services firms need best-in-class, bullet-proof solutions that afford instantaneous throughput with no down-time. Sybase® RAP – The Trading Edition is very robust, having a built-in administrative console and dependable business continuity/disaster recovery solutions to protect against system failures.” For more information on RAP – The Trading Edition, please visit: www.sybase.com/RAP About Sybase, Inc. Sybase is the largest enterprise software and services company exclusively focused on managing and mobilizing information. With our global solutions, enterprises can extend their information securely and make it useful for people anywhere using any device. The world's most critical data in commerce, communications, finance, and government runs on Sybase. For more information, visit http://www.sybase.com. Sybase and RAP – The Trading Edition are trademarks or registered trademarks of Sybase, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated. Special Note: Statements concerning Sybase’s future growth, prospects and new product releases are, by nature, forward-looking statements that involve a number of uncertainties and risks, and cannot be guaranteed. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will” and similar expressions relating to Sybase and its management may identify forward-looking statements. Such statements are intended to reflect Sybase’s current views with respect to future events and may ultimately prove to be incorrect or false. Factors that could cause actual events or results to differ materially include shifts in customer demand, rapid technology changes, competitive factors and unanticipated delays in scheduled product availability. These and other risks are detailed from time to time in Sybase’s Securities and Exchange Commission filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q (copies of which can be viewed on Sybase’s Web site).

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