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
ARGONNE, Ill., April 9 — Today, U.S. Department of Energy Under Secretary for Science and Energy Lynn Orr announced two new High Performance Computing (HPC) awards that continue to advance U.S. leadership in developing exascale computing. The announcement was made alongside leaders from Argonne National Laboratory and industry partners at Chicago’s tech start-up hub, 1871. Read more…
SAN JOSE, Calif., April 7 — Super Micro Computer, Inc., a global leader in high-performance, high-efficiency server, storage technology and green computing, today announced that it will release third quarter fiscal 2015 financial results on Tuesday, April 21, 2015, immediately after the close of regular trading, followed by a teleconference beginning at 2:00 p.m. (Pacific Time). Read more…
BOISE, Idaho, April 2 — Micron Technology, Inc., has announced results of operations for its second quarter of fiscal 2015, which ended March 5, 2015. Revenues for the second quarter of fiscal 2015 (a 13-week fiscal quarter) were $4.17 billion and were 9 percent lower compared to the first quarter of fiscal 2015 (a 14-week fiscal Read more…
SUNNYVALE, Calif. & YOKNEAM, Israel, April 2 — Mellanox Technologies, Ltd., a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that it will release its financial results for the first quarter 2015 before the market opens on Tuesday, April 21, 2015. Following the release, Mellanox will conduct a conference call at 5 a.m. Pacific Read more…
IRVINE, Calif., March 27 — Netlist, Inc., a leading provider of high performance memory solutions for the cloud computing and storage markets, today reported financial results for the fourth quarter and full year ended December 27, 2014. Revenues for the three months ended December 27, 2014, were $2.5 million, compared to revenues of $7.7 million for the fourth quarter ended December 28, 2013. Gross Read more…