Sectors » Financial Services
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.
According to a recent report from Excelian, grid computing has finally “grown up” which provides a window for users in the financial services industry to consider (and reconsider) best practices for distributed computing and evaluate variations on old models.
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.
SAS unveils patent-pending In-Memory Analytics platform,
Off the Wire
SEATTLE, Wash., July 29 — Global supercomputer leader Cray Inc. today announced financial results for the second quarter ended June 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 Read more…
PARIS, France, July 29 — The Board of Directors of Bull met on 28 July 2014 to examine and approve its interim consolidated financial statements reviewed by the Company’s auditors. Philippe Vannier, Chairman and CEO of Bull, commented, “The first half of 2014 has been one of the most important stages in the recent development Read more…
SAN JOSE, Calif., July 29 – Bright Computing, the leading provider of cluster management software, has announced a $14.5 million Series B financing co-led by DFJ and DFJ Esprit with participation from Prime Ventures and existing investor ING Corporate Investments. As part of the funding round, DFJ Partner Bill Bryant, Prime Ventures Partner Alexander Ribbink, DFJ Esprit Read more…
SUNNYVALE, Calif. & YOKNEAM, Israel, July 25 – Mellanox Technologies, Ltd., a leading supplier of end-to-end interconnect solutions for servers and storage systems, has announced financial results for its second quarter 2014, ended June 30, 2014. Second Quarter 2014 Highlights Revenues were $102.6 million GAAP gross margins were 66.6 percent Non-GAAP gross margins were 69.1 percent GAAP Read more…
DALLAS, Tex., July 23 — IBM today announced that it is making high performance computing (HPC), as part of technical computing, more accessible through the cloud for clients grappling with big data and other computationally intensive activities. A new option from SoftLayer, an IBM Company, will provide industry standard InfiniBand networking technology to connect SoftLayer Read more…