AC Capital Partners

Pro

Sun Microsystems has unveiled a dynamic on-demand financial risk simulation and pricing service from Network.com offered by CDO2, a provider of pricing and risk technology for organisations trading structured credit products.

The new version of CDOSheet application delivers the latest pricing models and risk analysis technology to Irish company AC Capital Partners and other customers securely and cost effectively. Financial modellers can now run simulations directly from their desktops without any awareness of the advanced grid computing technologies powering the service, as the application uses newly introduced Sun Grid Compute Utility features, including programmatic access to the grid and secure bidirectional data transfers over the Internet, that make grid applications easy to deploy and transparent to the end user.

“Network.com powered by Solaris 10 OS helps our partners and customers derive immediate benefits from the Sun Grid Compute Utility by giving them more choice and control over how they purchase and deploy IT infrastructure,” said Aisling MacRunnels, vice-president of Software Marketing at Sun Microsystems. “CDO2’s deployment reinforces the opportunities created, particularly for smaller independent software vendors, to reach broader audiences and for their smaller business customers to take advantage of the computing resources and software previously available only to larger institutions.”

CDOSheet application users capture the necessary deal indicatives and model parameters from within an intuitive spreadsheet interface. The Sun Grid Compute Utility allows a single risk analysis from CDOSheet application to be performed in parallel on the grid, minimising the time taken to complete the simulation.

Customers from the financial services industry are already using the new solution. AC Capital Partners managing director Jana Becher said, “CDOSheet allows us to price and risk manage complex deals quickly using built-in grid-enabled analytics. As an active manager of our CDO portfolios, we have a varied and unpredictable demand on our systems, depending on the market conditions. Network.com meets that demand for our utilisation spikes with an efficient and cost effective infrastructure.”

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