High Performance, Scalability Key to Technology Choice
Cambridge, Mass.— June 17, 2003—InterSystems Corporation today announced that TRADEPAQ Corporation, a provider of collaborative supply chain execution solutions for global commerce, has selected its CACHÉ post-relational database as the foundation technology for its TRM trading and risk management software. The world’s fastest growing database company, InterSystems develops and markets the high performance CACHÉ database.
TRADEPAQ:TRM is a specialized ERP and supply chain system that enables enterprises to manage virtually every trading function—from the original physical contract, through shipment of the material, to final invoicing and payment. Interrelated modules cover contract management, risk management, logistics, treasury and integrated accounting.
Real-Time Mark-to-Market Information
When evaluating database technologies that could provide the reliability, performance, scalability and rapid application development capabilities required for the ever changing commodities market, TRADEPAQ found that CACHÉ was the logical choice, according to Warren Fisher, TRADEPAQ’s executive vice president and chief operating officer. “We were astonished at the high level of performance and scalability that CACHÉ delivers,” he says. “And we found that the system maintenance and administration functionality CACHÉ provides reduce DBA requirements to virtually zero. We knew it was the perfect RAD environment to enable our application.”
The ability to manage a global trading book with real-time mark-to-market information provides the trader and the chief financial officer the ability to immediately react to changing market conditions. Optimized for Web development, the CACHÉ architecture is ideally suited to support TRADEPAQ:TRM, which provides true, on-demand information, ensuring that traders and key financial and executive staff have access to the latest financial information needed to reduce inherent business risk factors.
“We’re delighted that TRADEPAQ has selected and certified CACHÉ for their software,” says InterSystems Vice President of Strategic Planning Paul Grabscheid. “CACHÉ is designed to deliver time-critical information when financial professionals need to see it—immediately. Our partnership with TRADEPAQ illustrates InterSystems’ focus on expansion in the financial services arena. It’s a market sector where the demand for database power, performance and scalability make CACHÉ a natural fit.”
The CACHÉ-based TRADEPAQ:TRM solution is available now.
Headquartered in Cambridge, Mass., InterSystems Corporation (www.InterSystems.com) is a leading provider of low-maintenance, high performance database systems for Web applications, with over four million users worldwide. InterSystems’ flagship product, CACHÉ, is a post-relational database that uniquely offers three integrated data access options: a robust object database, high performance SQL and rich multidimensional access. CACHÉ enables rapid Web application development, extraordinary transaction processing speed and real-time queries against transactional data.
A free, fully functional, no time-limit version of CACHÉ can be downloaded or requested on CD from the InterSystems web site.
TRADEPAQ Corporation is the leading provider of commodity trading, risk management and supply chain collaboration software required for global commerce. The company offers an innovative framework of solutions including contract management, exposure and risk analysis, logistics, accounting, costing, document preparation, financial settlement, compliance, and trade chain collaboration. TRADEPAQ focuses on the needs of Commodity Trading Organizations (Metals, Softs, Energy), Global 2000 Enterprises, Logistics Service Providers, and International Trade Banks. TRADEPAQ is part of a 25 year old, privately held three-company software group (CSI Complex Systems, ResQNet.com) with more than 350 employees.
TRADEPAQ has several hundred sites installed around the globe. Headquartered in New York City, TRADEPAQ operates in offices throughout Europe, Asia/Pacific, and South America. For more information on TRADEPAQ and its products, visit their Web site at www.tradepaq.com.
Trademark Notes: Caché is a trademark of InterSystems Corporation. Other trademarks belong to their respective owners.
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