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CLSA AdoptsGigaSpaces In-Memory Computing Platform to Enhance Digital Transformation

By CIOReview | Friday, December 18, 2020

CLSA has installed a GigaSpaces In-Memory Computing Platform for algorithmic trade execution and every client and exchange-facing management system.

FREMONT, CA: GigaSpaces,a provider of in-memory computing platforms that increases the demand for digital transformation, has announced that CLSA, which is Asia's topmost capital markets and investment group, has installed a GigaSpaces In-Memory Computing Platform for algorithmic trade execution and every client and exchange-facing management systems. GigaSpacesInsightEdge Smart Operational Data Store (ODS) is a Digital Integration Hub (DIH) that can decrease algorithmic trading response time and manage almost 3-4 million transactions per day worth billions of US dollars that are performed in over 12 countries. CLSA was established in 1986 and headquartered in Hong Kong. Today, it operates from 22 cities across Asia, Australia, the Americas, and Europe, with access to key Stock Exchanges and most of the alternate liquidity venues, offering worldwide 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."

GigaSpace's incomparable speed and elastic scale have resulted from a high performance, distributed in-memory compute, and storage engine that co-locates business logic and data in-memory while supporting unique server-side aggregations. The ACID compliant platform ensures robust uniformity, which is necessary for any transactional trading platform.

CLSA uses the platform's event-driven architecture and combined API layer for every application and analytics that simplifies the system architecture, reduces TCO, and quickens 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."