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The Supercomputers of Wall Street: Friend or Foe?

Jul 30, 2013 |

Today’s Wall Street is run by quantitative analysts who write the algorithms that run on the supercomputers that make the actual trades, using super high speed network connections to exchanges. While the new system has unquestionably enriched some, the question becomes: Has it benefited the rest of us?

Big Data Engenders New Opportunities and Challenges on Wall Street

Sep 27, 2012 |

<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/analytics_small.bmp” alt=”” width=”92″ height=”92″ />One of technology’s most pervasive buzzwords echoed in the ears of attendees at this year’s one-day HPC on Wall Street conference in New York City, as panel after panel addressed the challenges and opportunities that big data presents. From the opening remarks regarding Wall Street’s traditional concern of low latency, delivered by Cisco CTO Paul Perez, to the multiple open-ended discussions that took place in concurrent panels, the “big data” problem was a much-discussed topic.

Wall Street Soaks Up Software Talent

Sep 3, 2012 |

New book talks about how financial institutions have taken the best and the brightest out of circulation.

IBM’s PERCS for Financial Services

May 23, 2011 |

An IBM representative informed Forbes that it financial services companies are interested in corporate PERCS.

The Weekly Top Five

Apr 7, 2011 |

The Weekly Top Five features the five biggest HPC stories of the week, condensed for your reading pleasure. This week, we cover Intel’s “Westmere EX” launch party; the Albert Einstein Institute’s new cluster; TACC’s Lonestar 4 inauguration; Penguin Computing’s financial markets server; and NextIO’s partnership with Bright Computing.

Watson Takes a Turn on Wall Street

Apr 7, 2011 |

IBM takes its Jeopardy-winning supercomputing technology on the road.

The Uphill Battle for SaaS Companies on Wall Street

Jan 24, 2011 |

As a recent Financial Times argues, it is difficult for SaaS companies focused on Wall Street to prove their revenue model in the short term–or at all, thus leading to immaturity of cloud services in this market.

Algorithms Engulf Wall Street

Jan 19, 2011 |

Automated trading software runs amok.

Cloud, Wall Street and the Low Latency Imperative

Jun 17, 2010 |

The battle for the lowest possible latency has been raging in the financial services sector for years but is not the most critical factor for every segment of the industry. While low latency will be enhanced in cloud developments, for now it appears that only this small non-latency-obsessed market can be reached by cloud vendors.

Market Meltdown Still Does Not Compute

May 13, 2010 |

Investigators struggle to ascertain role of computerized trading in stock market plunge.