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
Dec. 8 — The National Science Foundation has awarded a grant of $2 million over five years to the National Center for Supercomputing Applications (NCSA) to bring together members of the international research community, including graduate students, post-docs, and early-career faculty members, for collaborative research and development of new computing and analysis tools. The project, Read more…
CUPERTINO & MILPITAS, Calif., Nov. 18 — Seagate Technology plc, a world leader in storage solutions, today announced that it has signed a reselling partnership agreement with SGI, a global leader in high performance solutions for compute, data analytics and data management. SGI will be offering customers the ClusterStor 1500, 6000, and 9000 appliances, along with Read more…
NEW ORLEANS, La., Nov. 17 — Dot Hill Systems Corp., a trusted supplier of innovative enterprise-class storage systems, unveiled a new scale-out high performance Lustre file serving solution in collaboration with Intel for software and management and Mellanox for networking, here today in booth 3153 at SC14. The Dot Hill parallel distributed file system solution provides a Read more…
Nov. 17 — Global supercomputer leader Cray Inc. today announced it has been awarded a contract to provide King Abdullah University of Science and Technology (KAUST) in Saudi Arabia with multiple Cray systems that span the Company’s line of compute, storage and analytics products. The contract with KAUST marks Cray’s return to the Middle East Read more…
SUNNYVALE, Calif., Nov. 14 — AMD today announced that for the third straight year it was awarded research grants for development of critical technologies needed for extreme-scale computing in conjunction with projects associated with the U.S. Department of Energy (DOE) Extreme-Scale Computing Research and Development Program, known as “FastForward 2.” The two DOE awards, totaling more than $32 million, Read more…