San Francisco, CA — TurboLinux Inc., the high-performance Linux company, announced that J.P. Morgan & Co. Incorporated has deployed TurboLinux’s EnFuzion software to help power the firm’s worldwide risk management system for fixed income derivatives.
“TurboLinux is delivering world-class, mission-critical enterprise clustering solutions that are platform independent into some of the most demanding IT environments in the world,” said T. Paul Thomas, president and CEO of TurboLinux. “We’re pleased to partner with J.P. Morgan and we are committed to providing them and our other enterprise customers with the best technology and services available.”
TurboLinux EnFuzion, released yesterday for general availability worldwide, is a software solution that runs on all major UNIX operating systems, as well as Linux and Windows NT. EnFuzion provides companies with a cost-effective, time-efficient way of performing computationally intensive calculations, such as those required for derivatives modeling. The software’s ability to manage parallel executions allows thousands of stand-alone computers to be clustered together to create the power of supercomputers. EnFuzion runs existing customer applications without modification, and provides node failover and an automated job scheduling that takes advantage of idle CPU cycles on cluster nodes.
Evaluated at J.P. Morgan’s London office for the past year, EnFuzion is now in production use, and the firm is increasing its deployment to more than 1,000 cluster nodes, including an installation at J.P. Morgan’s New York corporate headquarters.
“As a market leader in fixed income swaps and derivatives, our firm’s demands for computing power in this field are virtually limitless,” said Michael Liberman, head of Global Swaps and Derivatives Technology at J.P. Morgan. “Deploying EnFuzion allowed us how to harness the power of hundreds of powerful desktop workstations during times when they would otherwise be sitting idle. We continue to move more of our critical calculations and processes to this architecture.”
Liberman said other considerations behind J.P. Morgan’s selection were EnFuzion’s superior performance on Windows NT; its ease of adding and maintaining cluster nodes; its simplicity in being deployed out-of-the-box, and TurboLinux’s expert support.
J.P. Morgan currently uses EnFuzion to manage a cluster of more than 200 Dell Precision Workstations running Microsoft Windows NT and a back-end system of more than 50 Sun Microsystems Enterprise Server CPUs running Solaris.
“As the leading Internet infrastructure provider for e-business, Dell is gaining ground in the financial services industry as more and more customers such as J.P. Morgan rely on Dell to run their mission-critical applications,” said Dave DuPont, director of Dell Precision Workstation marketing. “Dell Precision Workstations provide the performance, reliability and scalability – backed by the services and support – that this market demands.”
J.P. Morgan has been a pioneer in the derivatives market and is a recognized market leader. In 1999, the firm was named Derivatives House of the Year by IFR Magazine, first in risk management by Euromoney, first in derivatives strategy and execution by Institutional Investor, and Best Derivatives Bank in North America by Global Finance.
J.P. Morgan & Co. Incorporated is a leading global financial firm that meets critical financial needs for business enterprises, governments, and individuals. More information about J.P. Morgan can be found at http://www.jpmorgan.com .
Founded in 1992, TurboLinux is a leader in Linux software clustering solutions and Linux internationalization, with investment backing from more than 20 global computer companies, including Compaq, Dell, Intel, NEC, Novell, NTT and Oracle. The company’s home page is located on the Internet at http://www.turbolinux.com .