GLiNTECH Deploys Tangosol at Large Institutional Bank

This leading institutional bank required a scalable system to process real-time feeds from various market vendors. Tangosol’s data virtualisation solution - Coherence was used to create an on-demand platform which could quickly scale to meet changing business requirements, while reducing operation and infrastructure costs and improving efficiency through the availability of real-time information.

Challenges:

• Ability to process large volumes of messages from external vendors (Reuters and Bloomberg) in real-time
• Ability to quickly scale the architecture as requirements change

Solution:

• Implement Tangosol – a data grid solution which distributes market rate information on multiple servers without relying on relational database

Benefits:

• Improved efficiency through the availability of real-time information
• Reduced operational costs by removing the need for databases
• Lowered infrastructure costs by reducing required servers