Random Walk Introduces IBM POWER-based Server Solutions

Posted by dave on Sep 21, 2004 6:04 AM EDT
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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 that need.”

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 operations.”

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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