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Houston, TX, Dec. 19, 2005 -- SunGard announced that BC Hydro's wholesale power marketing subsidiary, Powerex Corp., is the first customer to have successfully implemented SunGard's grid-enabled ZaiNet Monte Carlo Value at Risk (MC VaR), a solution that transforms overnight risk reporting runs into intraday reports that help facilitate more responsive decision making.
SunGard's ZaiNet is an energy trading and risk management solution that utilizes the DataSynapse GridServer Enterprise Server Edition and Intel's 2.8 GHz Xeon CPU to deliver the results of complex VaR calculations in less than one-tenth the time required without the grid.
To address the decision-making challenges of overnight reporting, Powerex sought a solution that would reduce its analytic run-times by five times or more across a variety of reports. By implementing ZaiNet MC VaR on DataSynapse GridServer, Powerex realized performance gains of 5 to 40 times. For example, one report that took six hours to run in the previous environment ran in only nine minutes.
"Grid enablement opens the door to realizing additional value from the ZaiNet integrated market risk systems at Powerex through faster troubleshooting, what-if analysis, and other capital, credit and market risk allocations by book, counterparty or trade type," said John Wilkinson, market risk manager, Powerex Corp.
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