For Derivative App, Chemical Uses Object Design's Database
MANAGEMENT AND STRATEGY
Chemical Bank in New York has started development work on a proprietary derivatives trading system that uses object- oriented, as opposed to relational, database technology. The project represents the second time Chemical has used such an architecture -- the bank has already deployed an application for trading emerging market derivatives that relies on an object database to store persistent data. The object database used in both systems is Objectstore, developed and marketed by Burlington, Mass
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