Violin Joins Elite STAC Benchmark Council

Violin Systems LLC has been accepted for membership in the STAC Benchmark Council, a group including financial institutions and technology providers that serve this market.

The council is a group of technology experts that seeks to reduce the considerable time and effort the finance industry invests in evaluating technology solutions by developing benchmark standards and enabling dialog. Facilitated by the Securities Technology Analysis Center (STAC), the council includes over 350 financial institutions, ranging from the largest banks, exchanges, and asset managers, to hedge funds, proprietary trading shops, and vendor organizations.

Violin is popular in banking, finance, and insurance industries because its solutions support needs such as modeling and early fraud detection to reduce risk, improved regulatory compliance with less impact on operational costs, and real-time analysis to capture new market opportunities and ensure customer experience. Company’s performance storage platforms with integrated enterprise data services allow mixed workloads without compromising performance, efficiency or BC. This allows users to consolidate mission-critical applications on a single platform, which simplifies the infrastructure and ensuresTCO with  ROI. Its products are trusted by thousands of worldwide customers including 125 of the Fortune 500.

“We are pleased to welcome Violin to the STAC Benchmark Council,” said Peter Lankford, STAC’s founder and director. “The problems on which Violin focuses-the infrastructural and operational challenges of handling big data and fast data-are increasingly important challenges for many financial firms.“

“Financial institutions face enormous pressures and have complex needs, and the STAC community and Benchmark Council provides so much value for these environments,” said Gary Lyng, Violin CMO. “As a technology supplier these customers rely on to accommodate both massive data growth and extreme performance for transactions, trading, analytics and more, we add our voice to this professional community to collaboratively address the challenges, innovate solutions and accelerate consistent and predictable service levels.“

Along with developing benchmarks for best practices, the council’s mission includes facilitating substantive dialog among members about important engineering challenges and the latest solutions for them. Its semi-annual STAC Summits in major financial centers around the globe attract the attendees in the financial industry, who gather to discuss research in areas like big data, risk management, back-testing, AI and MLg/deep learning, public/private cloud storage and compute.

Violin’s performance platforms enable an infrastructure cost savings and cost avoidance, typically 40% with low latency and advanced data services. Consolidated hardware in the data center means less power and cooling requirements, less management and a reduced need for the number of software and application licenses. With improvement in application performance, there is an improvement in the experience of the applications’ end users, resulting in improved customer satisfaction. Combined with firm’s performance advantages, customers are able to realize competitive advantages while saving money.

Technology or service providers members of STAC:
• Algo-Logic
• Arista Networks
• Axellio
• Bigstream Solutions, Inc.
• Blackcore Technologies
• Confinity Solutions GmbH
• Corvil
• DDN Storage
• Deephaven Data Labs
• Dell EMC
• Enyx
• Exablaze Pty Ltd
• Exegy
• Exostiv Labs
• Google
• Hewlett Packard Enterprise
• IBM
• Intel
• Kx – a division of First Derivatives plc.
• Lenovo
• Levyx
• Long Wave Inc.
• Maxeler Technologies
• McObject, LLC
• Mentor, A Siemens Business
• MetaFluent
• Microsoft
• NEC Corp.
• Neueda Consulting Inc.
• NovaSparks
• Numerical Algorithms Group
• Numerix
• Nutanix
• Nvidia
• Orolia
• Pavilion Data Systems
• Penguin Computing
• QuasarDB
• Quobyte
• R Systems
• Red Hat
• Redline Trading Solutions
• Samsung Semiconductor, Inc.
• Seven Solutions
• Solarflare Communications
• SQream Technologies LTD.
• Supermicro
• Tick Tock Networks
• Vexata
• Violin Systems
• Weka.IO
• Western Digital
• Xilinx
• Zayo Group