Sectors » Financial Services
<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.
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.
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
SEATTLE, Wash., Oct. 28 — Global supercomputer leader Cray Inc. today announced financial results for the third quarter ended September 30, 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. Given the nature of the Read more…
CUPERTINO, Calif., Oct. 27 – Seagate Technology today reported financial results for the first quarter of fiscal year 2015 ended October 3, 2014. For the first quarter, the Company reported revenue of approximately $3.8 billion, gross margin of 27.8%, net income of $381 million and diluted earnings per share of $1.13. On a non-GAAP basis, which Read more…
SUNNYVALE, Calif. & YOKNEAM, Israel, Oct. 23 — Mellanox Technologies, Ltd., a leading supplier of end-to-end interconnect solutions for servers and storage systems, today announced financial results for its third quarter 2014, ended September 30, 2014. Third Quarter 2014 Highlights Revenues were $120.7 million GAAP gross margins were 67.2 percent Non-GAAP gross margins were 70.2 percent Read more…
SAN JOSE, Calif., Oct. 22 — Super Micro Computer, Inc., a leader in application optimized, high performance server solutions, announced first quarter fiscal 2015 financial results for the quarter ended September 30, 2014. Fiscal 1st Quarter Highlights Quarterly net sales of $443.3 million, up 3.6% from the fourth quarter of fiscal year 2014 and up 43.5% from Read more…
SEATTLE, Wash., Oct. 21 — Global supercomputer leader Cray Inc. plans to host an investor conference call on Tuesday, October 28 at 1:30 p.m. PDT (4:30 p.m. EDT) to discuss its third quarter 2014 financial results. The call will feature a discussion by senior management followed by a question and answer session. Conference Call Information To Read more…