Global sports spread-betting firm, Sporting Index has selected Platform Computing for high-performance grid computing to support its risk and analytics systems The company is using Platform Symphony grid management software to increase the volume of transactions and event updates that it is able to handle, in order to underpin its expansion plans.
Global sports spread-betting firm, Sporting Index has selected Platform Computing for high-performance grid computing to support its risk and analytics systems
The company is using Platform Symphony grid management software to increase the volume of transactions and event updates that it is able to handle, in order to underpin its expansion plans.
Sporting Index is experiencing significant growth in bet numbers and, with the rapid rate of partners signing up to its betting services business, Sporting Solutions, it is relying on Platform Symphony’s scheduling to increase server utilisation and keep a control on costs.
“With circa four out of five sports spread bets placed in the UK coming through our systems, our core requirements have risen from around 300 to over 3,000 prices published per second,” said Eachan Fletcher, Sporting Index chief information officer.
“The growth that we’re experiencing in our B2B [business-to-business] business is pushing up the number of sports and markets we need to cater for, and Platform’s grid computing technology is a great way for Sporting Index to scale up. Platform has helped us customise some of the grid components we’re using, on time and within budget so we can deliver the highest possible level of service to our customers.”
Computing demands increase with real-time gaming
“As i-gaming becomes more popular and customers demand experiences such as ‘live in-play’ betting, the amount of compute power that organisations such as Sporting Index require is increasing dramatically,” said Jim Mancuso, Platform Computing financial services general manager. “This is why we are seeing more online companies demand higher usage of existing computing resources through optimised work-load scheduling. Increasingly, we see i-gaming companies architecting for grid and cloud computing to support their virtualisation and business simulation initiatives.”
By managing grids composed of thousands of CPUs and optimising the application workloads across shared resource pools, the firm’s IT department will be better able to support multiple lines of business in response to business priority using Platform Symphony.
Platform said organisations can model pricing algorithms with more fidelity against a broader set of risk factors and that this increase in modelling capacity allows firms like Sporting Index to have high confidence in their quantification of risk.