Sectors » Financial Services
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….
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.
<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/analytics_small.bmp” 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.
Cloud computing offers highly flexible and available compute capacity for a variety of applications. However, the act of provisioning those resources can be rather complicated, requiring a certain level of expertise and consequently reducing cloud adoption. In 2005, Techila was created to simplify the act of using the cloud, developing middleware to bridge applications to external compute resources.
<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/uRiKA_top.bmp” alt=”” width=”94″ height=”93″ />For the first time in its history, Cray has built something other than a supercomputer. On Wednesday, the company’s newly hatched YarcData division launched “uRiKA,” a hardware-software solution aimed at real-time knowledge discovery with terascale-sized data sets. The system is designed to serve businesses and government agencies that need to do high-end analytics in areas as diverse as social networking, financial management, healthcare, supply chain management, and national security.
Cloud computing has made the exchange of information between financial companies and the European community complicated.
The NASDAQ OMX group and Amazon Web Services have partnered to develop a cloud platform for financial institutions.
Errant HFT algorithm costs firm $440 million.
According to a new report from Saugatuck Technology, cloud-based business analytics is poised for huge growth over the next two years.
IBM and Citigroup introduce the Jeopardy-winning supercomputer to the financial industry.
Off the Wire
CALGARY, Alberta, Aug. 21 — Acceleware Ltd., a leading developer of high performance computing applications, today announced results for the three and six months ended June 30, 2014 (all figures are in Canadian dollars unless otherwise noted). During the second quarter of 2014, the Company achieved a significant increase in software revenue while reducing its Read more…
SANTA CLARA, Calif., Aug. 19 — DataDirect Networks (DDN) today announced impressive revenue traction for the first six months of 2014, demonstrating a strong trajectory of profitable growth for the company heading into the second half of the year. The company added more than 20 net new petabyte-class customers including one of world’s largest banks, a leader Read more…
SAN JOSE, Calif., Aug. 15 — Extreme Networks, Inc. has released financial results for the fourth quarter of fiscal year 2014, ended June 30, 2014. GAAP revenue was $155.3 million and non-GAAP revenue was $156.9 million. GAAP net loss for the fourth fiscal quarter was $16.2 million, or $0.17 per share, and non-GAAP net income was $8.5 million, or $0.09 per diluted share. This is the second quarter that Read more…
OSLO, Norway, Aug. 13 — Revenues were in line with second quarter last year. Effects of a business model change on certain products as well as modest demand in the desktop do-it-yourself market offset an increase in data center revenues. Overall gross margin improved by 3.5 percentage points, reflecting the change in business model, a proactive Read more…
Aug. 13 — Netlist, Inc., a leading provider of high performance memory solutions for the cloud computing and storage markets, has reported financial results for the second quarter ended June 28, 2014. Revenues for the three months ended June 28, 2014, were $4.9 million, compared to revenues of $5.1 million for the second quarter ended June Read more…