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
SUNNYVALE, Calif., Nov. 14 — AMD today announced that for the third straight year it was awarded research grants for development of critical technologies needed for extreme-scale computing in conjunction with projects associated with the U.S. Department of Energy (DOE) Extreme-Scale Computing Research and Development Program, known as “FastForward 2.” The two DOE awards, totaling more than $32 million, Read more…
NEW YORK, N.Y., Nov. 14 — Super Micro Computer, Inc., a global leader in high-performance, high-efficiency server, storage technology and green computing, debuts the latest extreme performance 3rd Generation Hyper-Speed platform based on Supermicro’s new Ultra architecture along with a new high density Intel Xeon Phi coprocessor based 1U SuperServer at the STAC Summit in New York Read more…
Nov. 12 — The National Science Foundation (NSF) has awarded $1.5 million to an NCSA-led project that will develop and widely distribute a series of science documentaries highlighting visualizations of computational and digitally-enabled science. The project assembles a creative team of producers, technologists, artists, and educators who will collaborate with scientists and researchers across the Read more…
IRVINE, Calif., Nov. 12 — Netlist, Inc., a leading provider of high performance memory solutions for the cloud computing and storage markets, today reported financial results for the third quarter ended September 27, 2014. Revenues for the three months ended September 27, 2014, were $4.8 million, compared to revenues of $4.3 million for the third quarter Read more…
SANTA CLARA, Calif., Nov. 7 — NVIDIA has reported revenue for the third quarter ended October 26, 2014, of $1.23 billion, up 16 percent from $1.05 billion a year earlier and up 11 percent from $1.10 billion the previous quarter. Revenue for the first three quarters of fiscal 2015 was a record $3.43 billion, up 15 percent Read more…