Since 1986 - Covering the Fastest Computers in the World and the People Who Run Them

Language Flags

Sectors » Financial Services


Phi and Kepler Run Monte Carlo Race

Sep 18, 2013 |

This week we spoke with Jörg Lotze, CTO and cofounder of financial services-driven software firm, Xcelerit, about benchmarking accelerators, coprocessors, and multicore architectures with specific emphasis on how GPUs stack up against Intel Xeon Phi coprocessors. Lotze discussed the challenges and opportunities of each in the context of real-world Monte Carlo examples.

Iceland Hosts Technology Trifecta

Jul 9, 2013 |

Cloud computing might well serve as a bridge between green and high performance computing, as top HPC management layers couple with known efficient datacenters, such as what happened when Datapipe and Verne Global formed a partnership in the middle of June that will bring the Stratosphere management platform to Verne’s Icelandic datacenter.

Cray Cracks Commercial HPC Code

Jun 20, 2013 |

During a conversation this week with Cray CEO, Peter Ungaro, we learned that the company has managed to extend its reach into the enterprise HPC market quite dramatically–at least in supercomputing business terms. With steady growth into these markets, however, the focus on hardware versus the software side of certain problems for such users is….

Overcoming the Cloud Security Barrier for Financial Services

May 10, 2013 |

The private industry least likely to adopt public cloud services for data storage are financial institutions. Holding the most sensitive and heavily-regulated of data types, personal financial information, banks and similar institutions are mostly moving towards private cloud services – and doing so at great cost.

Big Data Engenders New Opportunities and Challenges on Wall Street

Sep 27, 2012 |

<img style=”float: left;” src=”” alt=”” width=”92″ height=”92″ />One of technology’s most pervasive buzzwords echoed in the ears of attendees at this year’s one-day HPC on Wall Street conference in New York City, as panel after panel addressed the challenges and opportunities that big data presents. From the opening remarks regarding Wall Street’s traditional concern of low latency, delivered by Cisco CTO Paul Perez, to the multiple open-ended discussions that took place in concurrent panels, the “big data” problem was a much-discussed topic.

Short Takes

Crossing Borders in the Cloud

Mar 28, 2013 |

Cloud computing has made the exchange of information between financial companies and the European community complicated.

NASDAQ OMX Builds Financial Cloud Platform with Amazon

Sep 25, 2012 |

The NASDAQ OMX group and Amazon Web Services have partnered to develop a cloud platform for financial institutions.

High Frequency Trading Slips Up Once Again

Aug 8, 2012 |

Errant HFT algorithm costs firm $440 million.

Predicting the Next Cloud Boom

Jul 24, 2012 |

According to a new report from Saugatuck Technology, cloud-based business analytics is poised for huge growth over the next two years.

Watson Gets a Shot at the Banking Business

Mar 8, 2012 |

IBM and Citigroup introduce the Jeopardy-winning supercomputer to the financial industry.

Off the Wire

Cray Announces Full Year and Fourth Quarter Financial Results

Feb 12, 2015 |

SEATTLE, Wash., Feb. 12 — Global supercomputer leader Cray Inc. today announced financial results for the year and fourth quarter ended December 31, 2014. All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP to non-GAAP measures is included in the financial tables in this press release. For 2014, Cray reported Read more…

Optalysys Launches Series A Funding Round

Feb 4, 2015 |

Feb. 4 — UK based startup Optalysys Ltd has announced that they have launched a Series A funding round to support product commercialisation activities up to the first product launches in 2017. Optalysys is days away from launching a prototype optical processor with the potential to realise Exascale levels of processing power on a desktop sized Read more…

D-Wave Systems Raises Additional $29M in Funding

Jan 30, 2015 |

BURNABY, British Columbia, Jan. 30 — D-Wave Systems Inc., the world’s first quantum computing company, today announced that it has closed $29 million in funding from a large institutional investor, among others. This funding will be used to accelerate development of D-Wave’s quantum hardware and software and expand the software application ecosystem. This investment brings Read more…

Emulex Announces Fiscal 2015 Second Quarter Results

Jan 30, 2015 |

Jan. 30 — Emulex Corporation, a leader in network connectivity, monitoring and management, today announced earnings results for the second quarter of fiscal 2015 ending December 28, 2014. Second Quarter Financial Highlights Total revenue of $111 million, above the high end of the initial guidance range, aided by strong sequential and year-on-year growth in Gen 5 (16Gb) Read more…

Cray to Report 2014 Full Year and Fourth Quarter Financial Results on February 11

Jan 30, 2015 |

SEATTLE, Wash., Jan 30 — Global supercomputer leader Cray Inc. plans to host an investor conference call on Wednesday, February 11 at 1:30 p.m. PST (4:30 p.m. EST) to discuss its full year 2014 and fourth quarter financial results. The call will feature a discussion by senior management followed by a question and answer session. Conference Call Read more…