ABN Amro has completed the roll-out of virtualisation technology across its derivatives trading division.
The staggered two-year deployment has improved productivity by replacing overnight batch processing with intraday scenario management reporting and has boosted the resilience of trading and risk systems, said the bank.
ABN Amro has deployed Datasynapse Gridserver software in every part of its Macro Exotics Trading operation, enabling it to run more than 600 process-intensive pricing and batch reporting applications across a heterogeneous virtualised IT infrastructure.
Richard Bunting, IT relationship manager at ABN Amro, said completing the roll-out marked the conclusion of two years' hard work, which began in 2004 with a proposal for the division to refactor its code base to put in a virtual system.
"At the time, we needed to scale and grow the business but we did not have the capacity. Our software capability at the time meant that we could not simply buy our way out of the situation with more hardware.
"With the technology in place, we can now price on a pre-trade basis very quickly, and running intraday batches means you can make better risk metrics, giving more accurate information to the trading desk."
The bank is now looking at extending the technology into its other trading and analytics operations. It is also taking a fresh look at its hardware to decide whether to adopt technologies such as blade servers and how else to make best use of its legacy infrastructure.