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 to Announce First Quarter 2015 Financial Results on May 5

Apr 24, 2015 |

SEATTLE, Wash., April 24 — Global supercomputer leader Cray Inc. plans to host an investor conference call on Tuesday, May 5 at 1:30 p.m. PT (4:30 p.m. ET) to discuss its first quarter 2015 financial results. The call will feature a discussion by senior management followed by a question and answer session. Conference Call Information Read more…

Supermicro Reports Third Quarter 2015 Financial Results

Apr 22, 2015 |

SAN JOSE, Calif., April 22 — Super Micro Computer, Inc., a leader in application optimized, high performance server solutions, today announced third quarter of fiscal 2015 financial results for the quarter ended March 31, 2015. Fiscal 3rd Quarter Highlights Quarterly net sales of $471.2 million, down 6.3% from the second quarter of fiscal year 2015 and up Read more…

Mellanox Announces First Quarter Financial Results

Apr 21, 2015 |

SUNNYVALE, Calif. & YOKNEAM, Israel, April 21 — Mellanox Technologies, Ltd., a leading supplier of end-to-end interconnect solutions for servers and storage systems, today announced financial results for its first quarter, ended March 31, 2015. First Quarter 2015 Highlights Revenues were $146.7 million. GAAP gross margins were 72.0 percent. Non-GAAP gross margins were 73.4 percent. GAAP Read more…

IBM Reports 2015 First Quarter Results

Apr 21, 2015 |

April 21 — IBM has announced first-quarter 2015 diluted earnings from continuing operations of $2.44 per share, flat year-to-year.  Operating (non-GAAP) diluted earnings from continuing operations were $2.91 per share, compared with operating diluted earnings of $2.68 per share in the first quarter of 2014, an increase of 9 percent. First-quarter net income from continuing operations was Read more…

Applied Micro and E4 Collaborate to Develop New Product Series

Apr 21, 2015 |

SUNNYVALE, Calif., April 21 — Applied Micro Circuits Corporation, a global leader in computing and connectivity solutions, and E4 Computer Engineering SpA, a leading supplier of customized solutions for high performance computing and enterprise data centers, today announced a collaboration to develop E4’s new product series, the ARKA RK003. The E4 ARKA RK003 solution is part of a low-power, low-energy platform ideal Read more…