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Primeur weekly 2011-11-28

The Cloud

Shipping company signs $150 million-plus data centre services agreement with HP ...

Chinese genomics giant BGI releases latest bioinformatics software and datasets ...

New EMC Atmos Cloud Delivery Platform enhancements simplify delivery of Cloud Storage-as-a-Service - fully functional in minutes ...

UniCredit Global Information Systems S.p.A. Global Markets & Treasury selects Platform Computing to deliver a private Cloud environment ...

Adaptive Computing joins forces with SGI to deliver robust HPC and Cloud solutions ...

Fujitsu simplifies and unifies Cloud management with new ServerView Resource Orchestrator V3 ...

EMC OnDemand brings Captiva, Document Sciences and Documentum to the hybrid Cloud ...

UniCredit Global Information Systems S.p.A. Global Markets & Treasury selects Platform Computing to deliver a private Cloud environment ...

Desktop Grids

CERN has 2020 vision for LHC upgrade ...

Mersenne@home launched as new BOINC project ...

New Stanford software takes Folding@home's biological research to supercomputers ...

EuroFlash

projectiondesign launches 2nd Generation LED projector, the FL35 wqxga ...

PRACE awards 91 million processor core hours on the DECI call to 35 projects, new call open ...

Numascale, IBM and the University of Oslo together in European PRACE project for emerging technology ...

EMI 1 Update 10 now available ...

Fujitsu launches Hybrid Cloud Services for Microsoft Windows Azure customers ...

The impending revolution of low-power quantum computers ...

USFlash

K computer research results awarded ACM Gordon Bell Prize ...

Cray enters the integrated storage market ...

Adaptive Computing rocks the enterprise with new Moab HPC Suite - Enterprise Edition ...

3 DOE labs now connected with ultra-high speed network ...

Rankings released for supercomputers doing big data ...

NVIDIA Tesla GPUs again power world's greenest Petaflop supercomputer ...

Researchers get $7.5 million grant to combat nerve agents ...

K computer no. 1 in four benchmarks at HPC Challenge Awards ...

Whamcloud and Fujitsu to collaborate on Lustre development ...

SGI customers accelerate research efforts with new AMD Opteron 6200 series processors ...

HP to transform server market with single platform for mission-critical computing ...

EMC expands "no compromise" storage for High Performance Computing at SC11 ...

UniCredit Global Information Systems S.p.A. Global Markets & Treasury selects Platform Computing to deliver a private Cloud environment

22 Nov 2011 Toronto - UniCredit Global Information Systems S.p.A. (UGIS), a global information and communication technology (ICT) company of the UniCredit Group, a major European financial institution, selected Platform Computing to create a global, virtualized high-performance shared computing infrastructure for its global Markets & Investment Banking and Risk Management applications to lower their costs and increase server utilization.

To support increasing workloads on their underutilized computing infrastructure, UGIS selected Platform Symphony and core components of Platform ISF to create a dynamic Grid computing platform across its data centres. This new shared computing platform will add processing power to key applications while reducing the cost by tapping previously underutilized computing resources. The solution combines the performance of Grid computing with the flexibility of virtualization for more elastic application workload support. The result is reduced energy and data centre costs and less hardware and software capital expenses, while increasing underutilized server resources. As of November 2010, this combination of technology has been moved to production for the Full Revaluation Engine system (FRE) leveraging Platform Symphony API. FRE is used for the Internal Market Risk system.

UGIS Global Markets & Treasury is using Platform Computing to support its growth across multiple business units. The shared IT infrastructure is used to support major pricing and risk applications as well as testing and end-user acceptance development. Platform Computing replaces several homegrown solutions built around various middleware solutions to provide better dynamic resource sharing across the data centre.

UGIS Global Markets & Treasury is now able to dynamically provision physical and virtual resources and allocate workloads to existing virtual image containers based on utilization thresholds. The shared compute infrastructure is used for pricing purposes from Murex Fixed Income and Interest Rate Derivatives, Murex FX Options, Murex Credit Derivatives and for the Market Risk and will be extended in the coming months to other front office applications such as Sophis for Equity Derivatives. The new Credit Counterparty Risk application will also be based on the Platform Symphony solution.

"Platform Computing and its enterprise Grid solution enable us to share a formerly heterogeneous and distributed hardware infrastructure across applications regardless of their location, operating system and application logic, therefore helping us to achieve our internal efficiency targets while at the same time improving our performance and service quality", stated Lorenzo Cervellin, Head of Global Markets and Treasury Infrastructure and Support at UniCredit Global Information Services.

“The traditional approach to IT is not working as the current model of building silos does not meet the dynamic needs of an organisation in a competitive and fast-moving sector, such as Financial Services", stated Christopher Nathan, Vice President EMEA, Platform Computing. "Enterprise Grid computing offers organisations like UGIS Global Markets & Treasury a responsive, cost-effective IT model that delivers critical resources and added value."

Platform Symphony and Platform ISF have emerged as the market leading software to support the demanding requirements of key banking processes such as intraday risk calculations, pre-trade pricing and end-of-day value at risk calculations. Platform's solutions also implement a utility service model that provides a powerful sharing capability that financial services organisations are leveraging to achieve higher resource utilization. This helps reduce costs and data centre energy usage while ensuring business service levels are met. At a time when IT budgets are shrinking and the need for risk management remains high, Platform's solutions are playing a crucial role in helping financial services organizations reduce the total cost of ownership of these vital systems.
Source: Platform

Back to Table of contents

Primeur weekly 2011-11-28

The Cloud

Shipping company signs $150 million-plus data centre services agreement with HP ...

Chinese genomics giant BGI releases latest bioinformatics software and datasets ...

New EMC Atmos Cloud Delivery Platform enhancements simplify delivery of Cloud Storage-as-a-Service - fully functional in minutes ...

UniCredit Global Information Systems S.p.A. Global Markets & Treasury selects Platform Computing to deliver a private Cloud environment ...

Adaptive Computing joins forces with SGI to deliver robust HPC and Cloud solutions ...

Fujitsu simplifies and unifies Cloud management with new ServerView Resource Orchestrator V3 ...

EMC OnDemand brings Captiva, Document Sciences and Documentum to the hybrid Cloud ...

UniCredit Global Information Systems S.p.A. Global Markets & Treasury selects Platform Computing to deliver a private Cloud environment ...

Desktop Grids

CERN has 2020 vision for LHC upgrade ...

Mersenne@home launched as new BOINC project ...

New Stanford software takes Folding@home's biological research to supercomputers ...

EuroFlash

projectiondesign launches 2nd Generation LED projector, the FL35 wqxga ...

PRACE awards 91 million processor core hours on the DECI call to 35 projects, new call open ...

Numascale, IBM and the University of Oslo together in European PRACE project for emerging technology ...

EMI 1 Update 10 now available ...

Fujitsu launches Hybrid Cloud Services for Microsoft Windows Azure customers ...

The impending revolution of low-power quantum computers ...

USFlash

K computer research results awarded ACM Gordon Bell Prize ...

Cray enters the integrated storage market ...

Adaptive Computing rocks the enterprise with new Moab HPC Suite - Enterprise Edition ...

3 DOE labs now connected with ultra-high speed network ...

Rankings released for supercomputers doing big data ...

NVIDIA Tesla GPUs again power world's greenest Petaflop supercomputer ...

Researchers get $7.5 million grant to combat nerve agents ...

K computer no. 1 in four benchmarks at HPC Challenge Awards ...

Whamcloud and Fujitsu to collaborate on Lustre development ...

SGI customers accelerate research efforts with new AMD Opteron 6200 series processors ...

HP to transform server market with single platform for mission-critical computing ...

EMC expands "no compromise" storage for High Performance Computing at SC11 ...