Wall Street Solutions Provider will use POWER5 Technology to Speed Clients’ Brokerage and Trading Operations
New York, NY, September 21, 2004 - Random Walk Computing ®, Inc., one of
Wall Street’s premier financial technology consulting firms, today
announced its commitment to port and support its electronic brokerage and
trading solutions on IBM’s POWER-based UNIX and Linux servers. Random
Walk’s enterprise-class solutions have enabled over 70 global financial
institutions worldwide to create powerful new platforms for trading environments
and portfolio systems.
Committed to providing clients the greatest levels of technology
performance, Random Walk will now provide solutions to its financial clients
based on the new IBM eServer OpenPower and eServer p5 systems running WOLF ®
(Web Order Logic Framework). In addition, Random Walk has committed to become
an IBM demonstration site and migration assistance center to support financial
companies looking to transition from their existing UNIX environments to IBM
servers based upon IBM’s new POWER5 microprocessor. IBM is the leading
server vendor in the world, and over the past three years has gained
significant UNIX market share and outpaced all other top-tier vendors in UNIX
market share growth.
“Random Walk has helped global institutions solve complex business
problems with robust, high value solutions that significantly improve
performance and reduce costs. We are committed to providing our clients
with the top-performing, leading-edge technologies so they can efficiently
achieve their business goals,” said Joel Scotkin, CEO for Random Walk.
“With IBM’s introduction of the eServer OpenPower and eServer p5,
IBM is bringing the incredible level of performance to Linux and UNIX that our
clients are asking for. Demand for IBM’s POWER-based servers is growing
rapidly in the financial sector, and we aim to lead our industry by meeting
Random Walk's WOLF solution is a customizable, extensible and
high-performance platform for rapid development and deployment of electronic
brokerage and trading solutions. WOLF allows developers to build upon a rich
and robust suite of business functionality and integrate with existing systems
through a diverse array of products and protocols. Based on WOLF, trading
and order management systems at brokerage firms and investment banks have
carried millions of orders and billions of dollars.
“As businesses with outdated UNIX systems increasingly look to IBM
to make their server infrastructures more efficient and manageable, we are
delighted that Random Walk has chosen to embrace IBM POWER-based
servers,” said Per Larsen, Vice President, IBM eServer pSeries.
“Random Walk’s expertise and experience, combined with IBM’s
new, powerful servers and strong heritage in the financial sector provide
companies a new, attractive option for speeding and enhancing business
About Random Walk Computing, Inc.
Random Walk develops custom enterprise-class solutions for financial
services organizations using industry standard technologies such as Java, .NET,
XML and a broad suite of other packages, languages, and middleware. Random Walk
blends unique technology expertise with unparalleled financial services
business domain knowledge and proven development and project management
methodologies to deliver complex, robust solutions with a focus on rapid
time-to-market, close interaction with the client throughout the project
life-cycle and a final product that can be locally maintained and quickly
modified. For more information, visit http://www.randomwalk.com.
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