Sectors » Financial Services
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.
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.
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 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
MILPITAS, Calif., Jan. 28 — SGI, a global leader in high performance solutions for compute, data analytics, and data management, today reported financial results for its fiscal second quarter 2015 ended December 26, 2014. Total revenue for the fiscal second quarter was $138 million, an increase of 24% from $112 million in the previous quarter and Read more…
MILPITAS, Calif., Jan. 28 — SGI, a global leader in high performance solutions for compute, data analytics, and data management, today announced that it has completed a $70 million three and a half year term loan financing. The proceeds will be used to fund working capital for large, recently-awarded customer contracts, to retire the Company’s Read more…
SAN JOSE, Calif., Jan. 22 — Altera Corporation today announced fourth quarter sales of $479.9 million, down 4 percent from the third quarter of 2014 and up 6 percent from the fourth quarter of 2013. Fourth quarter net income was $111.1 million, $0.36 per diluted share, compared with net income of $118.0 million, $0.38 per diluted share, in the third quarter of 2014 and $98.9 Read more…
MILPITAS, Calif., Jan. 22 — SanDisk Corporation, a global leader in flash storage solutions, today announced results for the fourth quarter and fiscal year ended December 28, 2014. Fourth quarter revenue of $1.74 billion was slightly higher on a year-over-year basis and decreased 1 percent sequentially. Total revenue for fiscal 2014 was a record $6.63 billion, a 7 percent Read more…
ARMONK, N.Y., Jan. 21 — IBM today announced fourth-quarter 2014 diluted earnings from continuing operations of $5.54 per share, compared with diluted earnings of $5.76 per share in the fourth-quarter of 2013, a decrease of 4 percent. Operating (non-GAAP) diluted earnings from continuing operations were $5.81 per share compared with operating diluted earnings of $6.16 per Read more…