IBM rolls out financial markets BI

IBM this week debuted its latest industry-specific, pre-packaged software platform to help speed the execution and analysis of high-speed securities trading for the financial-services market, states Datamation.

The Financial Markets Framework is an open, standards-based compilation of multiple applications tethered to IBM's cornerstone WebSphere application server.

Company officials said the framework will allow large financial services firms conducting thousands of transactions per minute to receive and analyse real-time information from more than 100 data feeds.

SAS, a business analytics software and services provider, has acquired intelligence management company Memex, which has a strong presence in the law enforcement and homeland security markets, says CNW Group.

SAS, already a player in the worldwide public security and safety markets, intends to carve out a global leadership position, according to SAS CEO Jim Goodnight.

"The Memex acquisition is a key element of our global initiative to enhance our law enforcement, criminal justice, homeland security and intelligence offerings."

Collabera, an end-to-end IT consultant, has signed a partnership with Panopticon Software, a provider of real-time data visualisation and analysis software, reports CXO Today.

While Collabera provides services to companies in many industry verticals including energy and utilities, manufacturing and retail and government systems, this partnership will specifically focus on the company's strengths in the financial services and telecoms industries in the US and UK.

"We are very happy to be working with them (Collabera) so closely to develop new integrated real-time data analytics solutions for their banking and telecommunications clients and we are looking forward to expanding this relationship into other sectors like energy trading, said Willem De Geer, MD of Panopticon.