Posted on September 19th, 2008
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Intelligence in Finance - Autumn 2008
In this issue
Welcome to Intelligence in Finance in September - And a Hectic Year End Quarter Ahead…
Nigel Woodward, Global Director, Financial Services for Intel welcomes readers to this third edition for 2008–timed to be released with SIBOS in Vienna and HPC on Wall Street in New York. Written before the events of week of 15 September, but apposite in that SIBOS calls for focus on core principles of banking and HPC contributes to the apparently unstoppable demand for performance, latency and trading advantage–where does this race go now? Also, 15 September saw the release of Intel’s new 4 socket 6 core 45Nm Core 2 processor, with much of this issue commenting on the stunning performance figures received during pre release lab tests.
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Posted on September 19th, 2008
In our June 08 issue timed for SIFMA in New York we had a skew in our focus to trading, low latency and things front office securities. This time it is the turn of SIBOS in Vienna, SWIFT’s annual conference, to give us our lead. This issue concentrates more on banking topics, notably risk management, treasury and some trade finance. With over 180 companies attending the technology exhibition and being in Europe – SIBOS this year is certain to be well attended.
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Posted on September 19th, 2008
Volume, complexity and velocity are no longer barriers for Risk analysis. 5 billion present value (PV’s) can be processed in less than one hour…
m35 announced they have achieved a new performance benchmark with their enterprise automation solution, DataTrans, using Intel’s latest products. This new performance test demonstrates that DataTrans for m35 can provide significant improvements for the management of risk by enabling the processing of 5 billion Present Values (PVs) in under one hour and therefore giving a critical timing advantage to financial firms who struggle within narrow processing windows for complex risk calculations closest to the point of trade.
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Posted on September 19th, 2008
Extract from Financial i Supply Chain Handbook 2008
“We see technology as both a disruptive force of old processes and an enabler for new innovation. Mobile technologies will extend the reach of compute power to new functions as far as the imagination can envisage, and as the cost of CPUs and data management tumbles, massive information services on a global scale come into reach, perhaps delivered by names not yet on the corporate radar,” says Nigel Woodward, worldwide director, Financial Services, Intel. Europe’s new SEPA regulations will be a catalyst for banks to invest in technology to stay in the business at low cost or to get out of direct payments, partner with a larger bank that boasts greater economies of scale and look for new sources of revenue.
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Posted on September 19th, 2008
Sun Microsystems and Intel announced a strategic alliance in January 2007, which not only resulted in Sun expanding its server portfolio to include Intel® Xeon® processorbased servers with Sun’s existing portfolio of SPARC* and AMD-based servers, but also in a joint engineering effort to optimize the Solaris* 10 operating system and the Sun Java Virtual Machine* on Intel Xeon processors.
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Posted on September 19th, 2008
Building on more than 10 years of providing SWIFT*-certified solutions for financial services, Sun Microsystems now offers Sun Open Suite* for SWIFT, providing a variety of components to help banks, securities firms, service bureaus, and corporations reduce the time, complexity, and risk in building a connection to the SWIFT network.
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Posted on September 19th, 2008
By working closely with Intel, Algorithmics has dramatically improved the performance of its risk management solutions. These performance improvements enable a radical change in risk management: A reactive post-trade perspective is replaced with a proactive pre-trade capability, while at the same time dramatically reducing CPU usage and operating costs in the data centre due to the enhanced power thermal features of the latest processors. Full risk simulations for large derivative portfolios of global institutions are reduced from hours to minutes, and pre-deal, what-if risk profiles for plain vanilla and exotic derivatives at the transaction, portfolio, and counterparty level are completed in milli- or sub-seconds.
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Posted on September 19th, 2008
Intel trains SunGard’s software engineers to develop parallel programs and multi-threaded applications on multi-core, multi-processor platforms
Joe Sass, director of product strategy for SunGard BancWare ALM* and Ken Roller, global account manager at Intel for the SunGard Group, talk to Intelligence in Finance about recent collaboration.
There’s nothing quite like a financial crisis for driving banks to look for ultra performance from their systems, and America’s sub-prime meltdown has done just that.
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Posted on September 19th, 2008
Core™ Microachitecture gets 6 core 4 socket enhancement on 45nm and delivers performance and energy features for hard pressed Financial services datacenters.
Intel is providing investment banks with lower power servers that deliver increased performance with its new range of processors. The latest of these processors is the 45- nanometer (nm) Intel® Xeon® processor 7400 series (formerly Dunnington), which was announced at the Intel Developer Forum in August and will be available for customers in mid-September.
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Posted on September 19th, 2008
Thomson Reuters is using the Intel fasterLAB to improve the performance of its integrated Reuters Enterprise Platform which draws on both real-time and static reference data to create a golden copy.
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Posted on September 19th, 2008
Multi-core use is growing rapidly as users expect a steady increase in the number of cores available in their computers, but firms generally don’t understand the implications for application porting and development.
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Posted on September 19th, 2008
- Sail Intel 08
- TwoFour
- Endace Support for fasterLAB
- Calendar
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