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
TOKYO, Japan, Nov. 4 — Fujitsu has reported a profit for the second quarter attributable to owners of the parent of 17.2 billion yen (US$158 million), a decrease of 6.5 billion yen compared to the second quarter of fiscal 2013. Consolidated revenue for the second quarter of fiscal 2014 was 1,124.1 billion yen, a decrease of 2.4% Read more…
MILPITAS, Calif., Oct. 30 — SGI, a global leader in high performance solutions for compute, data analytics, and data management, today reported financial results for its fiscal first quarter 2015 ended Sep. 26, 2014. Total revenue for the fiscal first quarter was $112 million, which compares with $142 million in the previous quarter and $148 million in Read more…
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…