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15th April, 2008 High Quality Data in real-time.

Managing data and data quality is the biggest headache that IT face in today’s Hedge Funds.

Hedge Funds frequently have multiple trading and price management IT systems that feed downstream systems. Typically this data eco-system is fragile, a patchwork of shell scripts, database scripts, middleware, spreadsheets - held together with a wish and a prayer.

Incorrect prices, wrongly booked trades and inconsistencies between the various systems often results in failed overnight-runs and severe delays. Hedge funds spend too much time getting their information systems correct instead of running the business........

This article appeared in 'EnergyHEDGE' Volume 3, Number 44 dated 15 April, 2008. It can be procured at: www.energyhedgefunds.com


13th March, 2008 Hyper Rig™ partners GigaSpaces™ and Altova™ to power Hyper Rig™

Hyper Rig™ Ltd has signed-up with GigaSpaces™, Altova™ and Numerix™ to power its new product – Hyper Rig™.

Hyper Rig™ leverages GigaSpace’s™ (www.gigaspaces.com) Space Based Architecture (SBA) to deliver unparalleled scalability without the overhead and complexity inherent in tradinitional n-tier environments.

Hyper Rig’s™ ETL (Extract-Transform-Load) functionality leverages Altova’s™ (www.altova.com) MapForce® - a visual data mapping and Web Services implementation tool. The ETL tool is designed to pull-in data from multiple sources (Databases, XML, Excel spreadsheet etc) thereby providing a unified view of the transformed data.

Hyper Rig™ has interfaces with which user’s can integrate their existing valuation/risk/pricing models. It will have rich analytical libraries from Numerix™ (www.numerix.com) to support - Forwards, futures and swaps in the energy, fixed income, credit derivatives and FX markets.

6th Feb, 2008 Hyper Rig™ Ltd renames its new Integration Midleware solution “Hyper Rig™”.

Mr.Michael Coleman, Hyper Rig’s™ Chairman and CEO, stated they envisioned a unique name for this product that signifies scale and performance.

Hyper Rig™, designed for financial trading and risk management firms, has its various components pre-integrated, so that these firms don’t have to spend millions of dollars integrating them. Hyper Rig™ easily integrates and complements the existing business applications, thereby getting more out of the existing IT investments.