Sybase Customer Wins American Financial Technology Award for Best Data Management Initiative
Mitsubishi UFJ Securities Gets Recognized for Its Successful Implementation of RAP – The Trading Edition
DUBLIN, CALIF. – Sybase, Inc. (NYSE: SY), the largest enterprise software and services company exclusively focused on managing and mobilizing information, today announced that Mitsubishi UFJ Securities (MUSI) has won an American Financial Technology Award (AFTA) for Best Data Management Initiative using RAP – The Trading Edition™, a next–generation market analytics platform that lets capital markets firms make better trading and portfolio decisions while lowering risk through timelier, more comprehensive market insight.
When Japan’s Mitsubishi UFJ Securities decided to expand from its traditionally yen-based financial organization to pursue new opportunities in European markets, it chose Sybase to provide a new data management solution to enable analysis of new revenue opportunities.
“This is something that our quant team has worked hard on last year. It is satisfying that we have gained recognition when benchmarking one of our initiatives against our peers,” says Jason Ross, Director, Rates Trading Group at MUSI. “RAP – The Trading Edition dramatically increased the analyses we could perform in our ever-shrinking decision windows. The fact it came from Sybase, who we trust and know will be there for us in the future, was a huge added benefit.”
Designed specifically for high-volume, high-velocity trading environments, RAP – The Trading Edition accelerates varying analytics requirements for all asset classes in a single platform. RAP – The Trading Edition enables capital markets firms to capture and consolidate high volumes of market data feeds by efficiently storing multiple years of trade and other data in real time—compressing stored data by up to 70% and capable of storing up to terabytes of data—while delivering 10 to 100 times faster analytics performance than traditional data management platforms.
“The risk analytics market has been very hot given the current economic crisis and the need for financial services firms to gain greater visibility and efficiencies in their trade lifecycles,” said Larry Tabb, CEO of TABB Group.
Leading financial services institutions, such as MUSI, have adopted RAP – The Trading Edition, the first commercially available solution for addressing real-time risk and trading analytics.
“In early 2008, MUSI was one of RAP – The Trading Edition’s earliest success stories. This award recognizes the hard work and vision of the MUSI team,” said Neil McGovern, director of product marketing at Sybase. “Since MUSI broke ground with this new product, we have seen dozens of similar successes around the world in capital markets—real-time risk and trading analysis is an area of huge growth for Sybase, and RAP – The Trading Edition is the right product when organizations need to know instantly their risks and opportunities.”
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