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
HARRISBURG, Penn., March 5 — The Keystone Initiative for Network Based Education and Research (KINBER), a non-profit membership organization devoted to fostering collaboration through technology, received a $150,000 National Science Foundation (NSF) grant to develop workshops and other activities that will improve the ability of colleges and universities throughout Pennsylvania to better understand and utilize their Read more…
BLOOMINGTON, Ind., March 5 — The Indiana University Global Research Network Operations Center (GlobalNOC) today announced the award of a major new five-year, $4.8 million grant from the National Science Foundation (NSF). The new funding will enable continued planning, operation, engineering support and management of TransPAC, the high-speed network that connects researchers in the US Read more…
PALO ALTO, Calif., Feb. 25 — HP today announced financial results for its fiscal 2015 first quarter ended January 31, 2015. First quarter net revenue of $26.8 billion was down 5% from the prior-year period and down 2% on a constant currency basis. First quarter GAAP diluted net earnings per share (EPS) was $0.73, down from Read more…
Feb. 19 — The Genome Analysis Centre (TGAC) and high performance computing (HPC) hardware provider Optalysys Ltd have joined forces to develop and implement a revolutionary optical processing device that will perform large-scale DNA sequence searches for crucial genomic research with energy savings of over 95% per year. The new Genetic Search System (GENESYS) has Read more…
WEST LAFAYETTE, Ind., Feb. 18 — The biggest cash donation in Purdue University’s history will fund initiatives designed to foster groundbreaking research, expand high-tech job growth throughout Indiana as well as nationally and globally, and enhance opportunities for students. Lilly Endowment Inc. announced Wednesday (Feb. 18) a $40 million grant to support five transformational projects in the Read more…