Deutsche unveils IT 'vision' for derivatives
The main components include: 1,000 recently deployed Intel-based IBM blade platforms running SuSE Linux; PaceMetrics business process management middleware, Summit Systems applications and proprietary risk management software, said Diane Brunsden, Deutsche Bank’s head of IT for derivatives. Brunsden heads a team of 300 for the project.
The programme has its origins among those on the business side, Brunsden says. Their needs were translated into a plan of action that encompasses processes and technologies, some of which will be new.
“This is very much necessity-driven,” said Brunsden, who added that there was never any other choice than to let the business drive the process. “It’s impossible not to have the business behind you,” she said.
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