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
July 14 — The Commonwealth of Pennsylvania budget for fiscal year 2015 includes $500,000 for the Pittsburgh Supercomputing Center (PSC). “We are, of course, pleased and honored that the state has once again found PSC to be worthy of funding in this fiscally challenging year,” says Ralph Roskies, scientific director for PSC. “We’re grateful to Read more…
SANTA FE, N.M., July 10 — Flow Science is among ten New Mexico businesses – headquartered in Abiquiu, Albuquerque, Alcalde, Santa Fe and Taos – who have been named winners of the 2014 Venture Acceleration Fund (VAF) awards. VAF was initiated in 2006 by Los Alamos National Security, LLC (LANS), the company that manages Los Read more…
SEATTLE, Wash., July 10 — Global supercomputer leader Cray Inc. today announced the Company has been awarded one of the largest contracts in Cray’s history — a $174 million deal to provide the National Nuclear Security Administration (NNSA) with a next generation Cray XC supercomputer and a Cray Sonexion storage system. The next-generation Cray XC supercomputer Read more…
ARMONK, N.Y., July 10 – IBM today announced it is investing $3 billion over the next 5 years in two broad research and early stage development programs to push the limits of chip technology needed to meet the emerging demands of cloud computing and Big Data systems. These investments will push IBM’s semiconductor innovations from today’s breakthroughs Read more…
SUNNYVALE, Calif., July 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 financial results for its second quarter 2014 after the close of market on Thursday, July 24, 2014. Following the release, Mellanox will conduct a conference call Read more…