Lehman Brothers Plans Market Data Grid

FRONT PAGE: DATA CONSUMERS

Investment banking giant Lehman Brothers expects to migrate the firm's market data services to a global grid computing platform within the next 15 months, officials tell Inside Market Data.

The benefit of running applications over a grid computing platform as a service architecture makes it easier to deploy and run data applications by utilizing commodity platforms to process compute-intensive calculations.

"Applications with a lot of libraries can be turned into smaller applications that use