Sectors » Financial Services
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.
The technology division for the New York Stock Exchange’s parent company has announced a community cloud for the financial services industry. The platform, set to come out of beta at the beginning of July could teach enterprises some valuable lessons about shared resources–for better or for worse.
According to a recent report from Excelian, grid computing has finally “grown up” which provides a window for users in the financial services industry to consider (and reconsider) best practices for distributed computing and evaluate variations on old models.
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
SAN ANTONIO, Tex., Aug. 12 — Rackspace Hosting, Inc., the #1 managed cloud company, announced financial results for the quarter ended June 30, 2014. Net revenue for the second quarter of 2014 was $441 million, up 4.8 percent from the previous quarter and 17 percent from the second quarter of 2013. Net revenue for the second quarter Read more…
PARIS, France, Aug. 12 — Atos, an international information technology services company, and Bull, the trusted partner for enterprise data, together announced today the successful completion of the tender offer launched by Atos for all the issued and outstanding shares in the capital of Bull. The transaction represents a key milestone in the creation in Read more…
SANTA CLARA, Calif., Aug. 8 — NVIDIA has reported revenue for the second quarter ended July 27, 2014, of $1.10 billion, up 13 percent from $977 million a year earlier and in line with the previous quarter. Revenue for the first half was up 14 percent to a record $2.21 billion from $1.93 billion a year earlier. Read more…
MILPITAS, Calif., Aug. 6 — SGI, the trusted leader in high performance computing and data analytics, today reported financial results for its fiscal fourth quarter and year ended Jun. 27, 2014. Total revenue for the fiscal fourth quarter was $142 million, which compares with $124 million in the previous quarter and $171 million in the Read more…
SAN JOSE, Calif., Aug. 5 — Super Micro Computer, Inc., a leader in application optimized, high performance server solutions, today announced fourth quarter and full-year financial results for the fiscal year ended June 30, 2014. Fiscal 4th Quarter Highlights Quarterly net sales of $428.1 million, up 14.5% from the third quarter of fiscal year 2014 and Read more…