Intel announces a new event to be held in New York City on Dec. 8: fasterSTREET - RISK DATA and ANALYTICS - 101 Park Ave, New York City. Risk management is the pivotal function in financial services. Never has it been more topical than in the current issues facing the market and the pressures mount to address the key features of achieving effective management of risk – protecting the balance sheet, client and market interests.
DDS Dresdner Direktservice GmbH helps Dresdner Bank and other Allianz Group business units by offering customer sales support and services. Continuous growth pushed some DDS servers to their capacity limits, and maintenance contracts for 39 servers expired. DDS decided to gradually replace its hardware and to deploy virtualization. The decision was prompted by successful trials on two servers with multi-core Intel® Xeon® processors.
Türkiye IS Bankasi utilizes the powerful performance of Intel® Xeon® processor 5300 series to embrace a Predictive Enterprise strategy.
The new project aimed to establish virtual servers to replace low performance end-of-life hardware. It intended to assess whether complex and critical systems with high throughputs and transaction rates could easily be deployed and managed. To establish a foundation for the new virtualization project it began exploring the benefits of the Intel® Xeon® processor 5300 series.
On July 1, 2007, The Bank of New York Company, Inc., and Mellon Financial Corporation completed their merger to form The Bank of New York Mellon Corporation, creating a global financial services company focused on helping clients manage and move their financial assets, operating in 37 countries and serving more than 100 markets.
Sun Microsystems has benchmarked Thomson Reuters RMDS 6.0 on a Sun Blade X6250 Server Module powered by two-socket 3.0GHz Quad-Core Intel Xeon E5450 processors (total 8 cores) system. After applying best tuning practices for the Solaris/Intel platform, the benchmark achieved one of the best latency numbers for RMDS on 1GbE infrastructure. Read more »
Rogue Wave Software, a leading provider of enterprise class C++ components and infrastructure, has announced results of a global survey of nearly 700 software developers and IT architects to gauge their organizations’ attitudes towards and understand their plans to begin migrating legacy applications to multi-core hardware.
As the enterprise IT sector hits performance thresholds with single-core servers, devising a resource-efficient strategy is paramount. The survey was designed to better understand the challenges they are facing in this process and the strategies they are employing to address those issues. The results reveal that respondents believe the shift to multi-core is imminent, several of them noting that achieving high performance cost efficiently was a critical success factor and there are varying strategies in addressing the multi-core dilemma.
Relatedly, Rogue Wave recently conducted a benchmark on Intel® Xeon® processor 7400 series (formerly Dunnington), related to leveraging multi-core solutions for high performance SOA applications. Read the results of that benchmark here.
The First American Corporation provides the information consumers and businesses need to make decisions about important economic transactions, from buying a house to securities investment. Generating that information requires specialized software, and First American’s in-house software development group frequently introduces new applications designed to sharpen the analytical capabilities of over 200 different business units within the enterprise.
With the successful deployment of systems based on Intel® Core™ microarchitecture, Bohai Securities has effectively buffered itself against increased business demands and laid the groundwork for the securities house to greatly expand its services further.
A recent article from the Sun Developer Network discusses porting C and C++ applications to Solaris, including from Linux/x86 to Solaris/x86 and from Solaris/SPARC to Solaris/x86.
With the successful deployment of blade server systems based on Intel® CoreTM microarchitecture, Indonesia-based Bank NISP has effectively buffered itself against increased business demands and laid the groundwork for further service expansion, distinguishing itself from the competition.
Given the large number of desktops in the Banco Popular (Spain) fleet and the complexity of today’s IT environment, the time savings enabled by Intel® vPro™ technology’s remote power-up feature will have a significant impact.
To gain a competitive advantage in the very competitive Indian Financial Services marketplace, YES BANK turned to Intel® Solution Services for technology guidance to help the bank develop and implement a secure, wireless and mobile solution, delivering a new branch banking experience in line with its “Bank of the Future” vision.
Watch a short video about Intel’s efforts in reducing latency in the financial services enterprise. Click the box below to watch now (3:09 minutes in length).
Good to the Last Watt: Improving Performance and Efficiency in Wall Street’s Data Centers
A Wall Street & Technology Editorial Perspectives WebCast
Watch and listen (click below) to the webcast recently hosted by Wall Street & Technology on October 15, 2008. With Wall Street data centers straining to keep up with ever expanding capacity demands from all areas of the business, many firms are reaching capacity limits imposed by space and even available power - especially near metropolitan centers. As a result, firms are looking to decrease power consumption and consolidate older servers all while increasing data center capacity to meet the low latency needs of trading desks and the computational needs of risk managers who run complex models and algorithms.
Taiwan’s E.SUN Securities is no stranger to using information and communications technology (ICT) to further its financial services business. More than 50 percent of its financial transactions are now done electronically. The company relies very much on technology despite being spread across 13 locations and supporting over 300 staff, E.SUN Securities has only 15 ICT staff to support its entire operation.
A recent article in Wall Street & Technology highlights Intel’s green credentials with the launch of its latest round of server chips which perform 50% better and use 10% less power than the previous generation of Caneland 7300 chips.
The article quotes Intel fasterFS’s Rick Jacobsen:
“This is great news for people who need to get a lot of work done in a complex environment and need to dramatically reduce that complexity,” says Rick Jacobsen, director financial services marketing, Intel Americas. “It’s a standard server with a dense form factor that can help you consolidate infrastructure while using the latest energy-efficient technology.”
The remote PC management capabilities of Intel® vPro™ technology helps Fuhwa Financial Group attain its Predictive Enterprise vision, solving problems remotely even when PCs are powered down or the operating system (OS) is not functioning.
A recent article in Wall Street & Technology profiles the new solid state drives recently launched by Intel. The high performance, low latency drives have no moving parts and hold up to 80 gigabytes of data. They’re also extremely efficient, using very little electricity.
Risk management is the pivotal function in financial services.
Never has it been more topical than in the current issues facing the market and the pressures mount to address the key features of achieving effective management of risk – protecting the balance sheet, client and market interests.
Introduction by Nigel Woodward, Global Director, Financial Services for Intel, and Keynote presentation by Andrew Perry, JP Morgan Exotics and Hybrids.
From the fasterRISK DATA and ANALYTICS event held in London, 7 October 2008.
DDS Dresdner Direktservice GmbH helps Dresdner Bank and other Allianz Group business units by offering customer sales support and services. Continuous growth pushed some DDS servers to their capacity limits, and maintenance contracts for 39 servers expired. DDS decided to gradually replace its hardware and to deploy virtualization. The decision was prompted by successful trials on two servers with multi-core Intel® Xeon® processors.
Türkiye IS Bankasi utilizes the powerful performance of Intel® Xeon® processor 5300 series to embrace a Predictive Enterprise strategy.
The First American Corporation provides the information consumers and businesses need to make decisions about important economic transactions, from buying a house to securities investment. Generating that information requires specialized software, and First American’s in-house software development group frequently introduces new applications designed to sharpen the analytical capabilities of over 200 different business units within the enterprise.
With the successful deployment of systems based on Intel® Core™ microarchitecture, Bohai Securities has effectively buffered itself against increased business demands and laid the groundwork for the securities house to greatly expand its services further.
Given the large number of desktops in the Banco Popular (Spain) fleet and the complexity of today’s IT environment, the time savings enabled by Intel® vPro™ technology’s remote power-up feature will have a significant impact.
To gain a competitive advantage in the very competitive Indian Financial Services marketplace, YES BANK turned to Intel® Solution Services for technology guidance to help the bank develop and implement a secure, wireless and mobile solution, delivering a new branch banking experience in line with its “Bank of the Future” vision.
Watch and listen (click below) to the webcast recently hosted by Wall Street & Technology on October 15, 2008. With Wall Street data centers straining to keep up with ever expanding capacity demands from all areas of the business, many firms are reaching capacity limits imposed by space and even available power - especially near metropolitan centers. As a result, firms are looking to decrease power consumption and consolidate older servers all while increasing data center capacity to meet the low latency needs of trading desks and the computational needs of risk managers who run complex models and algorithms.
Taiwan’s E.SUN Securities is no stranger to using information and communications technology (ICT) to further its financial services business. More than 50 percent of its financial transactions are now done electronically. The company relies very much on technology despite being spread across 13 locations and supporting over 300 staff, E.SUN Securities has only 15 ICT staff to support its entire operation.
A recent article in Wall Street & Technology highlights Intel’s green credentials with the launch of its latest round of server chips which perform 50% better and use 10% less power than the previous generation of Caneland 7300 chips.
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