December 29, 2010 – GigaSpaces Technologies said Protogen Technologies Sydney, Australia, will use its platform for pulling together large amounts online data for trading decisions.

The New York developer of  “virtualized’’ applications said Protogen will use the GigaSpaces eXtreme Application Platform (XAP), which is used by financial firms that need to support through massive amounts of data from multiple sources in real-time to make decisions on trades and adhere to best-execution requirements.

The platform will be used to serve Australian companies develop applications that require fast execution, said Omer Ingber, Director of Protogen.

Omer said XAP supports key languages, such as Java, C++, and .Net and enables Protogen’s clients to own their infrastructure while allowing any technology from any vendor to run on top.

Among Gigaspaces’ customers are Dow Jones, NYSE Euronext and Société Générale.

This story originally appeared on Securities Technology Monitor.



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