Sectors » Financial Services
Cloud computing offers highly flexible and available compute capacity for a variety of applications. However, the act of provisioning those resources can be rather complicated, requiring a certain level of expertise and consequently reducing cloud adoption. In 2005, Techila was created to simplify the act of using the cloud, developing middleware to bridge applications to external compute resources.
<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/uRiKA_top.bmp” alt=”” width=”94″ height=”93″ />For the first time in its history, Cray has built something other than a supercomputer. On Wednesday, the company’s newly hatched YarcData division launched “uRiKA,” a hardware-software solution aimed at real-time knowledge discovery with terascale-sized data sets. The system is designed to serve businesses and government agencies that need to do high-end analytics in areas as diverse as social networking, financial management, healthcare, supply chain management, and national security.
TIBCO is moving its grid computing software to the cloud, starting with its GridServer product. The company is leveraging the Amazon Web Services computing infrastructure to provide customers with an easier and less expensive way to access its sophisticated grid computing technology.
To address today’s need for speedier transaction processing and to handle the associated surge in message traffic, financial services firms are examining every aspect of their infrastructures to squeeze any delays out of their end-to-end computational workflows. This quest to lower latencies in each step of processing trades, and to perform other chores, was a common theme at the High Performance Computing Financial Markets Conference held in New York, last week.
One of the largest financial institutions in the world is using FPGA-based supercomputing for analyzing some of its largest and most complex credit derivative portfolios. JP Morgan, along with Maxeler Technologies, has built and deployed a state-of-the art HPC system capable of number-crunching the company’s collateralized debt obligation (CDO) portfolio in near real-time.
Risk-averse industries are still considering clouds but security and availability concerns persist for mission-critical applications.
An IBM representative informed Forbes that it financial services companies are interested in corporate PERCS.
Turning the erstwhile graphics engine into a money-making machine.
Super-fast server chips likely aimed at high frequency trading.
Microsoft announces the third release of its Windows server operating system for technical computing.
Off the Wire
BOSTON, Mass., Feb. 18 — Elsen, Inc., the Boston-based financial technology firm, is using NVIDIA technology to bring massive gains in speed and efficiency to the financial calculations run by hedge funds and other financial institutions. The NVIDIA Tesla Accelerated Computing Platform, which includes GPUs and enabling software, is the leading platform for accelerating data analytics Read more…
SANTA CLARA, Calif., Feb. 13 — NVIDIA today reported record revenue for the fourth quarter ended January 25, 2015, of $1.25 billion, up 9 percent from $1.14 billion a year earlier and up 2 percent from $1.23 billion the previous quarter. Revenue for fiscal 2015 was a record $4.68 billion, up 13 percent from $4.13 billion Read more…
SEATTLE, Wash., Feb. 12 — Global supercomputer leader Cray Inc. today announced financial results for the year and fourth quarter ended December 31, 2014. 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. For 2014, Cray reported Read more…
Feb. 4 — UK based startup Optalysys Ltd has announced that they have launched a Series A funding round to support product commercialisation activities up to the first product launches in 2017. Optalysys is days away from launching a prototype optical processor with the potential to realise Exascale levels of processing power on a desktop sized Read more…
BURNABY, British Columbia, Jan. 30 — D-Wave Systems Inc., the world’s first quantum computing company, today announced that it has closed $29 million in funding from a large institutional investor, among others. This funding will be used to accelerate development of D-Wave’s quantum hardware and software and expand the software application ecosystem. This investment brings Read more…