GigaSpaces announced that CLSA,
Asia's leading capital markets and investment group, has deployed GigaSpaces
In-Memory Computing Platform for algorithmic trade execution and for all client
and exchange-facing management systems. GigaSpaces InsightEdge Smart Operational Data Store (ODS), a Digital Integration Hub
(DIH), reduces algorithmic trading response time and manages 3-4 million
transactions per day worth billions of US dollars that are executed in over 12
countries. Founded in 1986 and headquartered in Hong Kong, CLSA operates from
22 cities across Asia, Australia, the Americas and Europe, with access to major
Stock Exchanges and the bulk of alternative liquidity venues, providing truly
global execution services to clients.
"GigaSpaces is a high-performance, reliable data source that enables us to
innovate and deliver real-time services as part of our digital transformation
initiatives," said Eugene Kanevsky, Co-Head of Trading & Execution Services
at CLSA. "The platform processes and stores the firm's transactional data and
provides millisecond response time for our global trading teams and customers,
driving business profitability."
GigaSpaces' unparalleled speed and elastic scale is derived from a high
performance, distributed in-memory compute and storage engine that co-locates
business logic and data in-memory and supports dynamic server-side
aggregations. The ACID compliant platform ensures strong consistency which is
required for any transactional trading platform.
CLSA utilizes the platform's event-driven architecture and unified API layer
for all of its applications and analytics which simplifies the system
architecture, lowers TCO and accelerates time-to-market.
"We are proud to serve CLSA and power their
innovative digital services and fast-growing business", said Alon Weinstein,
Regional Sales Director at GigaSpaces. "InsightEdge Smart Operational Data
Store is designed for today's cloud-native, real-time application and scaling
needs which will support CLSA as they drive their digital transformation
initiatives forward."