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FTIL releases enhanced version of exchange software on MCX
January 15, 2010
Source: IANS
MUMBAI: Financial Technologies India Ltd. (FTIL), leading player in trading technology, on Thursday announced that Multi Commodity Exchange of India Limited (MCX), has successfully migrated to the latest version of exchange technology - DOME and clearing and settlement solution - CnS, a company statement said.
The new versions of DOME and CnS give traders a unique experience with introduction of globally accepted new functionalities and performance aspects, it said.
"The new version has generated an encouraging response from the trader community. It has some excellent new features that will meet MCX's ever-growing demand for value-added performance. MCX is committed to provide best-in-class technological advancements by bringing solutions that address our customers' top trading needs," MCX's deputy managing director, PK Singhal said in a statement.
MCX now offers a rare combination of superior technology, user friendliness and performance in the Indian market with offerings like combination order, spread order, EFP (Exchange for Physical), FIX-based connectivity, open interest alerts, SPAN based risk margining system, auction and many other market friendly features, it said.
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Microsoft-HP to invest $250 million for cloud computing
January 15, 2010
Source: IANS
NEW DELHI: Global giants Microsoft and Hewlett Packard on Thursday announced a three-year agreement to invest $250 million for cloud computing, an IT architecture which helps companies meet their IT needs without having the expensive infrastructure.
The step will give stiff competition to the likes of IBM and Oracle which have already forayed into this business which helps companies save on cost front.
"This collaboration will allow HP and Microsoft to offer our customers transformative technology that will reduce costs, generate business growth and accelerate innovation," HP chairman and chief executive officer Mark Hurd said in a statement.
The approach is also designed to help customers integrate private or public cloud computing models as part of their business.
With cloud computing, companies tap their data and applications over the Internet or Intranet instead of local servers. It reduces operating cost.
HP and Microsoft will collaborate on the Windows Azure (Microsoft's cloud platform) platform, the statement said.
The new infrastructure-to-application model from HP and Microsoft will target companies of all sizes and while solutions are available immediately, new offerings would be introduced throughout the next three years, the statement said.
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IBM signs 5-year business transformation deal with UTV
January 15, 2010
Source: ET Bureau
BANGALORE: IBM on Thursday announced it has signed a five-year business transformation deal with UTV Software Communications Ltd, India's integrated global media and entertainment company.
Under this agreement, UTV would work with IBM to sharpen its focus within the organisation on its core media business. Acting as the change catalyst to UTV, IBM would be implementing various business transformation initiatives over the next few years, an IBM statement said.
For UTV, the objective of this deal is to provide a customer-centric operating environment that delivers quality, cost-effective and value-added information services to enterprise entities, reducing total cost of ownership and providing security compliance while enabling the company to focus on its core business.
The contract also includes India's first cloud-enabled email implementation via LotusLive iNotes, a security-rich, Web-Based email service, IBM said.
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