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
CALGARY, Alberta, April 29 — Acceleware Ltd. (“Acceleware” or the “Company”), a leading developer of high performance computing applications, today announced results for the three months and year ended December 31, 2014 (all figures are in Canadian dollars unless otherwise noted). During the three months ended December 31, 2014 (Q4 2014), Acceleware recognized revenue of Read more…
SEATTLE, Wash., April 24 — Global supercomputer leader Cray Inc. plans to host an investor conference call on Tuesday, May 5 at 1:30 p.m. PT (4:30 p.m. ET) to discuss its first quarter 2015 financial results. The call will feature a discussion by senior management followed by a question and answer session. Conference Call Information Read more…
SAN JOSE, Calif., April 22 — Super Micro Computer, Inc., a leader in application optimized, high performance server solutions, today announced third quarter of fiscal 2015 financial results for the quarter ended March 31, 2015. Fiscal 3rd Quarter Highlights Quarterly net sales of $471.2 million, down 6.3% from the second quarter of fiscal year 2015 and up Read more…
SUNNYVALE, Calif. & YOKNEAM, Israel, April 21 — Mellanox Technologies, Ltd., a leading supplier of end-to-end interconnect solutions for servers and storage systems, today announced financial results for its first quarter, ended March 31, 2015. First Quarter 2015 Highlights Revenues were $146.7 million. GAAP gross margins were 72.0 percent. Non-GAAP gross margins were 73.4 percent. GAAP Read more…
April 21 — IBM has announced first-quarter 2015 diluted earnings from continuing operations of $2.44 per share, flat year-to-year. Operating (non-GAAP) diluted earnings from continuing operations were $2.91 per share, compared with operating diluted earnings of $2.68 per share in the first quarter of 2014, an increase of 9 percent. First-quarter net income from continuing operations was Read more…