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
SUNNYVALE, Calif. and YOKNEAM, Israel, Oct. 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 third quarter 2014 after the close of market on Wednesday, October 22, 2014. Following the release, Mellanox will conduct Read more…
PITTSBURGH, Penn., Oct. 1 — Carnegie Mellon University will lead a five-year, $5 million early implementation project sponsored by the National Science Foundation to improve educational outcomes and advance the science of learning by creating a large, distributed infrastructure called LearnSphere that will securely store data on how students learn. By accessing more than 550 datasets generated Read more…
Sept. 17 — Silicon Mechanics, Inc., a leading manufacturer of rackmount servers, storage, and high-performance computing clusters, announces its participation in a ribbon cutting ceremony celebrating Wayne State University’s receipt of a high-performance compute cluster as part of Silicon Mechanics’ 3rd Annual Research Cluster Grant. The ceremony will be held September 18, 2014 from 11:30-12:30 Read more…
Sept. 12 — A $1.1 million National Science Foundation grant to two Rice University computer science groups will allow them to build cloud-computing tools to help analyze evolutionary patterns. With the three-year grant, Christopher Jermaine and Luay Nakhleh, both associate professors of computer science, will develop parallel-processing tools that track the evolution of genes and Read more…
Sept. 5 — The Carl Zeiss Foundation will be providing a total of EUR 750,000 over four years to fund the Competence Center for HPC in the Natural Sciences at the Institute of Computer Science of Johannes Gutenberg University Mainz (JGU). The proposed competence center for high performance computing (HPC), which will be headed by Read more…