HPCwire: ClearSpeed Accelerates Credit Risk Analysis

The Leading Source for Global News and Information Covering the Ecosystem of High Productivity Computing

HPCwire >> Special Features >> HPWS08 >> HPWS08 Off the Wire

September 22, 2008

ClearSpeed Accelerates Credit Risk Analysis

BRISTOL, England, Sept. 22 -- At High Performance on Wall Street on Monday, Sept. 22, ClearSpeed Technology will announce new industry-leading results in the acceleration of computationally-intensive financial codes such as credit risk analysis. Benchmarking a number of customer applications on ClearSpeed's latest product, the CATS-700, ClearSpeed will show results on 64-bit codes that far exceed all other solutions in the market, leading to faster, cheaper, more reliable solutions for financial markets around the world.

ClearSpeed is enabling multiple Fortune 1000 companies across the US, Asia and Europe to offer new financial instruments and products that were previously impossible to compute fast enough, giving them an edge over their competitors and offering unique value to their customers.

In one example, a Japanese Tier One investment bank's 64-bit credit risk analysis code was accelerated from 50 hours on a standard x86 desktop machine down to just 10 minutes on a single CATS-700 1U node, a speedup of 300x. In other examples speedups of 80x and 91x were achieved compared to the latest 8-core 3GHz x86 servers on 64-bit Monte Carlo codes.

A single 42U rack half filled with CATS-700 and half filled with standard servers would cost around $600K and provide performance equivalent to 40 racks filled with the latest 3GHz 8-core x86 servers. The CATS-700 system would deliver initial capital savings of over $9M and TCO savings over 3 years of over $11M. The CATS-700 solution is also only 1/40th of the physical size and consumes 96 percent less energy than the unaccelerated system of equivalent performance.

These results far exceed what is possible with the latest 64-bit versions of Cell and graphics processors. For a 42U rack with equal numbers of servers and accelerators, the CATS-700 solution is 3x faster and 2.8x more power efficient than a system using IBM's latest 64-bit QS22 Cell blade, and 2.7x faster and 5x more power efficient than a system using Nvidia's latest 64-bit Tesla 1U GPU server.

CATS-700 includes hardware reliability features including Error Correcting Code (ECC) on all memories. These features solve the reliability problems that afflict consumer-grade GPU-based solutions and deliver the level of reliability financial customers require.

About CATS-700

CATS-700 delivers 1.152 TFLOPS of 64-bit floating point performance in a 1U enclosure. It includes 24GBytes of ECC DRAM, typically consumes 300W and is programmed in C.

About ClearSpeed Technology

ClearSpeed Technology (LSE:CSD) delivers the world's most advanced parallel processing solutions for the most challenging applications ranging from commerce to science to security. ClearSpeed's products include chips, accelerator boards, rack modules, software and support. ClearSpeed has offices in Mountain View, Calif., and Bristol, England, and has over 100 patents granted or pending. For more information, visit www.clearspeed.com.

-----

Source: ClearSpeed Technology

Article Tools

Share Options

(Digg, Technorati, more)

Subscribe

Subscribe to HPCwire

Discussion

There are 0 discussion items posted.

Join the Discussion

You must be a registered user in order to comment on HPCwire stories.

Members enjoy:

	Access to Special Content, including Podcasts, Webcasts, and Whitepapers and more!
	Ability to take an active role in the discussions that are shaping the HPC technology discipline!
	Special offers available only to HPCwire members!

Become a Registered User Today!

Registered Users Log in Here to Comment

Email Address:	Password (case sensitive)

Remember me	Forgot Password?

RSS Feeds

Feeds by Topic

Feeds by Industry

Feeds by Content Type

Feature Articles

The Week in Review

C-DAC announces plans for a petaflop system; IBM researchers are working on vertical integration techniques to extend Moore's Law another 15 years. We recap those stories and more in our weekly wrapup.
Read More...

Moscow State University Supercomputer Has Petaflop Aspirations

The Moscow State University supercomputer, Lomonosov, has been selected for a high-performance makeover, with the goal of tripling its processing power to achieve petaflop-level performance in 2010. T-Platforms, who developed and manufactured the supercomputer, is the odds-on favorite to lead the project.
Read More...

Intel Ups Performance Ante with Westmere Server Chips

Right on schedule, Intel has launched its Xeon 5600 processors, codenamed "Westmere EP." The 5600 represents the 32nm sequel to the Xeon 5500 (Nehalem EP) for dual-socket servers. Intel is touting better performance and energy efficiency, along with new security features, as the big selling points of the new Xeons.
Read More...

Read more HPCwire features...

Top Headlines

Intel Partners See 'Easy' Upgrade Path With Xeon 5600 Chips

Mar 18 | ChannelWeb | Westmere parts already showing up in HPC machines. Read more...

AMD: OEMs primed for Opteron 6100s

Mar 17 | The Register | But what about the tier ones? Read more...

Arrival of the Desktop Supercomputer

Mar 17 | Cadalyst Magazine | A new generation of workstations is changing the nature of technical computing. Read more...

Scheduling HPC In The Cloud

Mar 17 | Linux Magazine | Latest iteration of Sun Grid Engine able to tap into Cloud. Read more...

Tailoring Medicine with Supercomputers

Mar 16 | Bio-IT World | Biotech firm builds genetic models from patient data. Read more...

Read more headlines...

Featured Whitepapers

Virtualization for Aggregation And The vSMP Architecture™

Jan 12 | | In-depth look at vSMP Foundation server virtualization technology, technical implementation, use cases and capabilities. The technical whitepaper provides an architectural overview and details on the three vSMP Foundation products: vSMP Foundation for SMP, vSMP Foundation for Cluster and vSMP Foundation for Cloud.

Copper Cable Technologies for High Performance Computing

Jan 18 | | This white paper discusses Gore’s copper cable assemblies, and how they continue to exceed the standards for providing reliable, cost-effective solutions for high-performance computer applications.

View the White Paper Library

Multimedia

Webcast: Virtualized Data Center Roundtable

Join this online panel discussion for live Q&A with leading industry experts, analysts, and end-users to discuss the latest innovations, best practices, barriers to implementation, and measurable benefits of server virtualization with a particular focus on today's real world solutions.

Webcast: Watch SC09 Birds of a Feather Video: Scalable Fault-Tolerant HPC Supercomputers

Learn about scalable fault-tolerant architectures and examples of energy efficient and scalable supercomputing clusters using dual QDR InfiniBand to combine capacity computing with network failover capabilities with the help of programming languages such as MPI and a robust Linux cluster management package.

Webcast: High Performance Computing for a Smarter Planet

LIVE@SCO9: The IBM team discusses new innovations in hardware, software and services that help clients better understand their workloads and get insight from their R&D efforts. Technology demonstrations include the soon-to-be-released Power7 HPC processor, the DCS990 system with 2.4 petabytes of storage, the xCAT management tool, secure HPC cloud computing and more. Winners of two HPCwire Readers' and Editors’ Choice Awards! Take the IBM virtual tour at SC09 or more information go online to: http://www-03.ibm.com/systems/deepcomputing/sc09.html