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.
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.
Multi-core processors require multi-core capable applications, explains Simon Garland, chief strategist at Kx Systems, an extremely fast in¬memory and on-disk database that is a favorite of high-performance trading firms.
An industry-wide gap has opened up between new regulatory requirements and current trading infrastructure capabilities in a fragmented market. Today, there are 260 European securities execution venues and 35 of them trade the 1,000 most liquid stocks. In practice, connecting to all of them may not be an option, but getting the best deals and prices and monitoring that deals are done in the clients’ best interests will be ever more important to retain or gain customers and keep regulators at bay.
QuIC Financial Technologies is boosting performance metrics for the company’s Integrated Market and Credit Risk solutions as a result of incorporating new technologies from Intel and DataSynapse.
By running the Quad-Core 5400 series processors on GridServer software from DataSynapse, QuIC’s Unified Market and Credit Risk Solution has achieved extremely fast calculation time. The portfolio benchmark which included Credit Derivatives, Interest Rate Derivatives, Equity Derivatives and FX Options was calculated within 40 minutes. In addition, performance metrics based on accuracy, reliability and interoperability were improved, resulting in more flexibility and lower costs for risk managers.
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.
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.
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.
Organizations in the financial markets today are faced with a number of internal, regulatory, and competitive pressures. Internally there are calls for improved collaboration and alignment between IT, operations, and business departments. IT executives are being tasked with reducing complexity, lowering costs, operating more efficiently, and being more responsive to business requirements.
Thomson Financial is a leader in providing global financial service companies with sophisticated information solutions that combine real-time market data and integrated workflow. Thomson Financial customers can make – or lose – millions of dollars in milliseconds, so they demand the ultimate in performance and reliability.
City IT budgets are set for another year of growth in 2007, albeit at a slower pace than the double-digit hikes seen in 2006, according to a survey conducted by Finextra Research.
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