Business Intelligence Network - The Vision for BI and Beyond

GemStone Partners with HCL Penstock

Published: June 30, 2008

HCL will leverage GemStone’s GemFire solution for its Enterprise Risk and Compliance product suite.

GemStone Systems, a provider of the Enterprise Data Fabric (EDF), recently announced a partnership with HCL Penstock, the financial services product engineering group of HCL Technologies, to meet ultra low–latency requirements of financial firms.  HCL will leverage GemStone’s GemFire solution for its Enterprise Risk and Compliance product suite.  The combined solution will offer a high performance, in-memory distributed operational data infrastructure that supports low latency, high scalability and resiliency along with high throughput data sharing.  

Regulatory compliance issues commonly associated with MiFID and RegNMS, combined with algorithmic trading, routing and competitive clearing and settlement times have resulted in increased demand among financial institutions to manage large data volumes at sub second speeds.  HCL solutions use GemFire’s advanced caching, data virtualization and high availability features to help alleviate these data issues encountered by the upstream and downstream applications. 

“We needed a platform that could manage complex data scenario’s like streaming, distributed and federated data from sources across large trading institutions,” states Pramod Gupta, Vice President, Penstock Product Engineering Group of HCL Technologies.  “Through our partnership with GemStone, we are now able to provide robustness and speed to our application users looking for trade turn around times of 10 milliseconds or better."