Back to Table of contents

Primeur weekly 2012-01-02

The Cloud

Hong Kong's Quality HealthCare adopt IBM Cloud and Analytics ...

Improving security in the Cloud ...

EuroFlash

T-Platforms to build 10 PetaFlops supercomputer ...

Award-winning Maximum Performance Computing (MPC) powers trading systems at J.P. Morgan ...

USFlash

Bright Computing and China HPC Technologies power astronomical research at China's Purple Mountain Observatory ...

Bright Computing Selected for HPC cluster at Texas A&M University ...

40-year-old puzzle of superstring theory solved by supercomputer ...

Virginia Tech's Wu Feng unveils HokieSpeed, a new powerful supercomputer for the masses ...

Lawrence Livermore receives $1.75 million to integrate more renewable sources into California's energy grid ...

A new kind of metal in the deep Earth ...

Compact personal supercomputer provides powerful GPU computing in a small package ...

Tokyo Institute of Technology wins Gordon Bell Prize with NVIDIA GPU-accelerated supercomputer ...

New device could bring optical information processing ...

Asiana Airlines improves business efficiency with Oracle Exadata Database Machine ...

Digicel Haiti implements Oracle Exadata Database Machine to help meet business objectives ...

Iowa Network Services improves services uptime and reduces data centre operational costs with Oracle Solaris ...

BNP Paribas CIB speeds information processing with Oracle Exadata Database Machine ...

Quantum computing has applications in magnetic imaging, according to Pitt researchers ...

Better turbine simulation software to yield better engines ...

Optical fiber innovation could make future optical computers a SNAP ...

Award-winning Maximum Performance Computing (MPC) powers trading systems at J.P. Morgan

15 Dec 2011 London - Maxeler Technologies, a market expert in Maximum Performance Computing technology, has gone live with a supercomputer solution for fixed income trading operations at J.P. Morgan. As a result, the analysis and profiling of certain intra-day trading risk within the investment bank will run on a Maxeler dataflow supercomputer.

Maxeler's approach to supercomputing will enable J.P. Morgan to assess tens of thousands of possible market scenarios, constantly examining the time path and structure of the associated risk. This means that complex scenarios can now be calculated in a few minutes rather than hours.

In recognition of its innovative deployment of Maxeler's technology, J.P. Morgan has just been awarded the 'Most Cutting Edge IT Initiative' at the prestigious American Financial Technology Awards (AFTA) on 5 December 2011.

Peter Cherasia, Head of Markets Strategies at J.P. Morgan, commented: "With the new Maxeler technology, J.P. Morgan's trading businesses can now compute orders of magnitude more quickly, making it possible to improve our understanding and control of the profile of our complex trading risk."

As part of the deal, J.P. Morgan has ordered a second powerful supercomputer for use within other parts of the fixed income business at the bank. This new dataflow supercomputer will be equivalent to over 12,000 conventional x86 cores, providing 128 Teraflops of performance.

"This new level of performance comes at a fraction of the cost, power and space compared to using conventional computers", stated Gerald Aigner, a senior advisor at Maxeler Technologies who previously had responsibility for data centres at Google. "Maxeler dataflow computers bring a novel data-centric computing technology to the forefront of high performance computing. Where computation really matters, the Maxeler approach has the potential to make a significant difference."

In addition to compute performance, total cost of ownership is becoming a key efficiency indicator for data-centre operations. As the new Maxeler machine at J.P. Morgan is 25 times smaller than equivalent x86 machines, this translates to 25 times less power consumption and 25 times less space requirement in the data-center per computation.

"We are delighted to see our early research efforts at Stanford in the '90s reach a commercial deployment on an industrial scale", stated Michael J Flynn, Maxeler's Chairman and Professor at Stanford University, and recipient in 1992 of the highest award in Computer Architecture, the IEEE/ACM Eckert-Mauchley Award.

"Following our strategic investment in Maxeler Technologies earlier this year, we are excited to see further direct impact on our compute capabilities in less than six months", added Peter Cherasia.
Source: Maxeler Technologies

Back to Table of contents

Primeur weekly 2012-01-02

The Cloud

Hong Kong's Quality HealthCare adopt IBM Cloud and Analytics ...

Improving security in the Cloud ...

EuroFlash

T-Platforms to build 10 PetaFlops supercomputer ...

Award-winning Maximum Performance Computing (MPC) powers trading systems at J.P. Morgan ...

USFlash

Bright Computing and China HPC Technologies power astronomical research at China's Purple Mountain Observatory ...

Bright Computing Selected for HPC cluster at Texas A&M University ...

40-year-old puzzle of superstring theory solved by supercomputer ...

Virginia Tech's Wu Feng unveils HokieSpeed, a new powerful supercomputer for the masses ...

Lawrence Livermore receives $1.75 million to integrate more renewable sources into California's energy grid ...

A new kind of metal in the deep Earth ...

Compact personal supercomputer provides powerful GPU computing in a small package ...

Tokyo Institute of Technology wins Gordon Bell Prize with NVIDIA GPU-accelerated supercomputer ...

New device could bring optical information processing ...

Asiana Airlines improves business efficiency with Oracle Exadata Database Machine ...

Digicel Haiti implements Oracle Exadata Database Machine to help meet business objectives ...

Iowa Network Services improves services uptime and reduces data centre operational costs with Oracle Solaris ...

BNP Paribas CIB speeds information processing with Oracle Exadata Database Machine ...

Quantum computing has applications in magnetic imaging, according to Pitt researchers ...

Better turbine simulation software to yield better engines ...

Optical fiber innovation could make future optical computers a SNAP ...