GigaSpaces eXtreme Application Platform Enhances Efficiency and Performance of SIG Worldwide Network: GigaSpaces Technologies today announced that the Susquehanna International Group of Companies (SIG), one of the largest privately held financial institutions, has selected the GigaSpaces eXtreme Application Platform (XAP), a next-generation application server for distributed environments such as grids. SIG has deployed GigaSpaces to improve the efficiency and performance of its worldwide trading platform. Distinguished by its global market presence and grasp of trading dynamics, SIG excels at decision theory and implementing sophisticated pricing probability models. SIG has created a complex and distributed trading platform to manage those probability models and handle the many trades across its worldwide network. In upgrading its platform in a .Net environment, SIG looked to GigaSpaces, whose products are widely used in capital markets for extreme transaction processing (XTP) applications. "Our trading platform requires the support of multiple low latency applications with a large amount of concurrent clients. GigaSpaces has allowed us to greatly improve the scalability and performance of our trading platform," said Geoff Buhn, manager in charge of options trading technology at SIG. SIG's new trading platform is developed on top of GigaSpaces, supporting a .Net-based grid that spans multiple remote sites. GigaSpaces also provides tools for monitoring trader activities in addition to data caching needed for complex calculations. "SIG understands the true benefits of adopting innovative technologies that improve IT and business efficiencies," said Warren Schuman, vice president of North American sales at GigaSpaces. "GigaSpaces eXtreme Application Platform helps to empower SIG's trading business to deliver greater value and position its business for future growth."