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fasterCITY2007 Podcast

fasterFS events headed to one of London’s most famous landmarks, the Tate Modern, on Tuesday 11 December. This podcast covers the UK launch of the new Intel ‘Harpertown’ 45Nm technology, the latest quad-core Intel® Xeon® processor 5400 series that is groundbreaking in performance and lower energy consumption.

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The Race for a Faster 2008

2007 has been an exciting year for technology developments impacting the financial services industry – from the first quad-core processors through to breaking the silicon barrier with 45 nanometer technology. The year has seen FSI take to the seas with our partners as part of Sail Intel – won by Capital Markets Technologies, host over 400 guests at fasterFS events on both sides of the Atlantic and launch new products to market that have taken the industry’s quest for speed and performance with energy saving and flexibility to the next level.

Gary Thall
Financial Services Director US
Intel

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Comment: MiFID - Clearing the First Three Hurdles

MiFID is a marathon not a sprint, and the rules of the race are becoming clear as we cross the start line. Eighty percent of the commercial market is now playing by a new set of rules and investment firms need to clear three main hurdles:

PJ Di Giammarino
CEO
JWG-IT Group Ltd

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Comment: Credit Crunch - Prompting a New Age of Risk Management

Calculating risk has quickly emerged as the newest “low latency” financial application on Wall Street. And with good reason. In today’s volatile markets, measuring risk in near-time is simply not fast enough. The firms of tomorrow will need to invest vast sums in the technologies that help them manage ever-sophisticated risk management requirements.

Larry Tabb
Founder & CEO
TABB Group

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Industry Trends: High-Speed Risk - The Future of Risk Management

Many financial institutions think of multi-core processing as simply a means of increasing the performance, reliability and cost-efficiency of their enterprise applications and databases. But it’s time for them to think again. Multi-core technology is set to revolutionize the world of risk management.

Ken Roller
Fellow - Traveler Business Development Manager
Intel

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Technology: Driving Faster Finance: Microarchitecture of the Future

This quarter brought the arrival of Intel’s latest microarchitectural enhancement. Codenamed “Penryn”, the new core and corresponding family of 45nm processors represent a significant advancement in Intel’s microprocessor portfolio in terms of both microarchitecture and manufacturing process technology.

Dimitrios Ziakas
Enterprise Architecture Manager
Intel

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In Focus: The Trade Winds of Change: Technology to Drive Supply Chain and Financial Services Evolution

A look at today’s passage of goods from supplier to buyer in exchange for payment – via the banking infrastructure – is literally riddled with inefficiency and unnecessary costs. So how can technology prompt an evolution in centuries-old practice?

Nigel Woodward
Financial Services Director UK
Intel

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Aspeed Doubles Performance With Xeon 5400

Aspeed Software is the first of Intel’s financial markets software partners to publish performance figures leveraging the Xeon 5400 chip. Benchmarking a single-threaded options pricing application, Aspeed reports that a 5400-based system delivers a 2.2-fold run time reduction while consuming just 13 percent more power, when compared to a Xeon 5100-based system.

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Intel Low Latency Trading Lab Set to Improve Financial Trading Performance

PROVING GROUND FOR FASTER TRADING HARDWARE AND SOFTWARE YIELDS FIRST RESULTS, OFFERS PROSPECT OF FURTHER GAINS

London, United Kingdom, Nov 14, 2007 – The quest for greater speed and lower latency trading in the financial services sector is set for a major boost due to a new initiative from Intel® Solution Services, the Intel Low Latency Trading lab. Using non-proprietary, standards-based technologies is already known to reduce maintenance and integration costs. However, solutions architects at Intel’s Low Latency Lab in London, have shown that optimising financial messaging for Intel server technologies such as Intel® I/O Acceleration Technology 2 (Intel I/OAT2) is also capable of delivering greater trading performance on major financial messaging technologies including Options Price Reporting Authority (OPRA) feed, Financial Information eXchange (FIX) Protocol Limited’s FAST data compression and the Advanced Message Queuing Protocol (AMQP) protocol over TCP/IP for message transport.

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TABB Group Estimates $300 Million Being Spent on Low-Latency Infrastructures in 2007

With the global equities and options markets producing an average of more than 7 billion messages a day in 2007, rising to more than 128 billion by 2010 according to estimates from TABB Group, the financial markets research and consulting firm, fast, robust and reliable delivery should become even more critical to the success of buy-side and sell-side institutions. While reducing latencies is now a necessity, legacy-messaging middleware has not kept pace, driving the move to newer, sub-millisecond solutions.

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Intel Joins STAC Benchmark Council, Becomes Innovation Sponsor

Intel has joined the The Securities Technology Analysis Center (STAC) Benchmark Council and has entered into a multi-year lab agreement with STAC as an innovation sponsor. The agreement builds upon a benchmarking relationship that Intel established with STAC over a year ago.

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fasterSTREET Podcast

fasterFS events crossed the Atlantic on Wednesday 14 November 2007 with the first event in Manhattan. This podcast covers an enlightening discussion that traverses the technical and business drivers of today’s trading environment, from the low latency arms race to the changing landscape of the trade life cycle.

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Xeon 5400 “Penryn” pitched at Low Latency Trading, Risk Apps

The revolutionary Xeon 5400 chip - the first based on its Penryn technology - was announced yesterday to power servers that will deliver significant performance and power consumption benefits across a wide range of low latency financial applications, including risk analytics, market datafeed handling and transactional execution systems.

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Intel Launches Multi-Core Training Program for Financial Services Developers

Intel multi-core processors are delivering remarkable improvements in performance and scalability - revolutionizing the way applications are built and leading to a demand for new skill-sets in the software developer and architect communities. Leading financial applications, particularly in the demanding high-performance areas of trading and risk are driving this demand in the financial services industry.

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Pushing Performance Boundaries on Wall Street

Wall Street is hungry for processing performance – and with good reason. A perfect storm of factors including an increase in trading automation, more exchanges, growing data needs and ever-expanding trade volumes are driving the perpetual pursuit of greater performance and lower latency.

Latest technology benefits driving change on Wall Street

Quad-Core Boosts Virtualization Performance and Scalability

Results of a vConsolidate Benchmark performance test of the new Quad-Core Intel Xeon Processor 7300 series, jointly performed by Intel and Virtual Iron, show a remarkable improvement in virtualization performance and scalability.

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Reuters Market Data System Reaches A New High

In the financial services industry, automated trading is a race. For these financial services firms, one of the keys to maximising portfolio performance is reducing data latency. However with the volume of market data expected to continue to double each year, the latency through many installed market data systems is growing.

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fastercoolerDATACENTER Podcast

The latest fasterCITY event in London on September 24 2007 moved focus from the business of trading, risk and analytics to the problems of the supporting infrastructure.

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Addressing Market Data Rate Challenges Through Multi-Core Processors - Podcast

On 17th September, 2007, as part of the High Performance on Wall Street events, Intel co-hosted a seminar with A-Team Group, entitled, Addressing Market Data Rate Challenges through Multi-Core Processors.

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Building the Faster, Cooler Data Center

As you read this edition of Intelligence in Finance – summer vacations will have faded into history and the Q4 race begun.

In the last two issues we have focused on the quest for low latency in trading and the challenges of the data mountain – from market data to the new strictures of regulatory reporting. In this issue we apply a more technology-centric approach and focus on the data center itself - the challenges of design, power consumption, the green debate, and in the context of the financial services industry (FSI) its relevance to the effective management of operational risk.

Nigel Woodward
Financial Services Director UK
Intel

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