Bear Stearns has selected GemStone Systems’ GemFire Enterprise for managing in-memory data across its enterprise applications.
With GemFire, Bear Stearns hopes to achieve an increase in trading speeds and volumes, reduce risk computation times, and also have a better picture of risk, pricing and portfolio valuations across multiple asset categories. In the initial phase, GemFire will be deployed as a part of the Program Trading as well as the Global Clearing and Settlement Risk Analytics architectures at Bear Stearns.
Bear Stearns chose GemFire Enterprise after a formal evaluation process that included the consideration of proprietary distributed caching and data management products as well as open standards-based offerings.