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

NVIDIA Announces Financial Results for First Quarter Fiscal 2016

May 8, 2015 |

SANTA CLARA, Calif., May 8 — NVIDIA today reported revenue for the first quarter ended April 26, 2015, of $1.15 billion, up 4 percent from $1.10 billion a year earlier and down 8 percent from $1.25 billion the previous quarter. GAAP earnings per diluted share for the quarter were $0.24, unchanged from $0.24 a year Read more…

Cray Reports First Quarter 2015 Financial Results

May 6, 2015 |

SEATTLE, Wash., May 6 — Global supercomputer leader Cray Inc. today announced financial results for the first quarter ended March 31, 2015. All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP to non-GAAP measures is included in the financial tables in this press release. Revenue for the first quarter Read more…

Extreme Networks Reports Third Quarter 2015 Financial Results

May 6, 2015 |

SAN JOSE, Calif., May 6 — Extreme Networks, Inc. today released financial results for the third quarter of fiscal year 2015, ended March 31, 2015.  GAAP revenue was $119.6 million and non-GAAP revenue was $120.4 million.  GAAP net loss for the third fiscal quarter was $23.5 million, or $0.24 per share, and non-GAAP net loss was $7.9 million, or $0.08 per share. “Our third fiscal quarter was clearly disappointing Read more…

Altair Invests in FluiDyna GmbH

May 6, 2015 |

TROY, Mich., May 6 — Altair today announced an investment in Garching, Germany based FluiDyna GmbH, a renowned developer of native GPU-based fluid dynamics and numerical simulation technologies. The companies will collaborate to develop GPU optimized computational fluid dynamics (CFD) applications for classical aerodynamics and multi-phase flows in complex geometries. In addition to a technology roadmap to release a new virtual wind tunnel Read more…

SGI Reports Financial Results for the Third Quarter of Fiscal 2015

Apr 30, 2015 |

MILPITAS, Calif., April 30 — SGI, a global leader in high performance solutions for compute, data analytics, and data management, today reported financial results for its fiscal third quarter 2015 ended March 27, 2015. Total revenue for the fiscal third quarter was $119 million, a decrease of 14% from $138 million in the previous quarter and Read more…