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Windows in Financial Services is the industry’s central source for information covering the most important developments in financial services IT.  Issue by issue, we describe the latest trends, products and applications of technology solutions delivered by Microsoft and its expanding alliance of partners.

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A Cost-Effective Path to Speed, Efficiency and Productivity

High-Performance Computing – or as it is increasingly called, High-Productivity Computing – continues to drive innovation and profits for a wide range of industries. Today, technological evolution is driving HPC in new directions with non-traditional “Edge HPC” applications. Wall Street firms are increasingly seeking to improve productivity with both traditional and Edge HPC.

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Intel Increases HPC Performance Without the Resource Strain

The challenges facing Wall Street are causing a dramatic increase in the need for processing power but companies are already near their limit in terms of energy consumption and space, not to mention funding. They need higher performance but within the same power envelope. To find out what Intel has in store for the HPC market, WFS interviewed Richard Dracott, General Manager of Intel’s High Performance Computing Group.

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Keeping Up with the Ever Increasing Demands of Data Processing

StreamBase Systems (www.streambase.com), a leader in the fast-growing complex event processing (CEP) market, has pioneered a remarkable new approach to processing and analyzing real-time streaming data. Founded by data management experts who have been driving industry innovation for decades and backed by top-tier investor firms, StreamBase has developed a new class of stream processing software. Global organizations are witnessing its high performance coupled with its intuitive graphical development environment that eliminates the need for costly, inflexible custom-coding.

We recently spoke with Barry Morris, Chairman and CEO of StreamBase Systems, Inc. about high-performance CEP and the trends that are driving its adoption in financial markets.

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Bring on the Juice! High-Performance Computing Feeds Wall Street’s Insatiable Appetite for Computational Power

23HPC-250cr.jpg24-Julio-Gmez-100.jpgEnough is never enough. At least not for Wall Street. That applies to almost any element of the business – profits, market share, customers – you name it. There is also an insatiable appetite for computational power and that’s where high-performance computing (HPC) comes in. Financial Insights’ parent company, IDC, uses the term high-performance computing to encompass the entire market for servers used by scientists, engineers, analysts and others to run computationally intensive modeling and simulation applications. Technical computers range from small servers costing less than $5,000 to large-capability machines valued at tens or hundreds of millions of dollars each. Wall Street IT licks its chops when it sees the chance to significantly increase complexity and reduce latency, and HPC is fertile ground for such innovation.
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HP Delivers a Host of Innovative HPC Solutions Enabling Financial Firms to Create Powerful, Scalable Platforms

23HPC-250cr.jpg25-Lawrence-Ryan-100.jpgHP (www.hp.com) is one of the leaders in HPC, featuring solutions delivering innovation, choice and performance to a growing number of HPC users around the world. We discussed a number of these solutions with Larry Ryan, director, grid strategy, worldwide financial services industry, HP.
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Microsoft is Enabling Secure, Affordable HPC Solutions across the Enterprise

23HPC-250cr.jpg26-Neil_Cowit-100.jpgAccording to Neil Cowit, New York-based HPC solution specialist for Microsoft Corporation, Microsoft Windows Compute Cluster Server 2003 provides a secure, cost-effective solution for the compute-intensive requirements of financial services.

In a recent interview with Wall Street & Technology, Microsoft CEO Steve Ballmer said, “The way in which performance gains are achieved on computer chips has changed, creating a new challenge for HPC software. For years, Intel just kept doubling, doubling, doubling clock speeds. Now they don’t double clock speeds anymore – they give us twice as many cores or processors. Figuring out how to take any application and parallelize it so it can run across multiple cores will be a key, not just in high-performance computing and not just in financial scenarios but in all applications figuring out how to exploit the increase in power that physics is giving us.”
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Digipede Delivers Distributed Computing Solutions for Real-World Trading Environments at any Scale Allowing Firms to Do More, Faster

23HPC-250cr.jpg28-John-Powers-100.jpgDigipede Technologies is a Microsoft Gold Certified Partner with the only grid computing solution built on .NET. We recently caught up with their president, John Powers, at the 5th Annual Financial Developers Conference. Because financial services is Digipede’s number one vertical market, we asked John for an update on the state of the market for HPC and grid computing in finance.

WFS: What’s driving adoption of grid computing today?...
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IBM Combines HPC Cluster Technology with Microsoft WCCS 2003 and Excel Server 2007 to Deliver ‘Game Changer’ Solutions

23HPC-250cr.jpg30-Stuart_Alexander-100.jpgIBM (www.ibm.com) recently announced a new focus on the Departmental/Workgroup clusters market. For engineers, scientists and IT professionals who use high-performance computing (HPC) applications, IBM provides departmental and workgroup clusters. Available for Windows Computer Cluster Server 2003, these clusters capitalize on IBM’s extensive engineering, testing and deep-clustering experience, utilizing IBM System x™ rack-optimized or IBM BladeCenter® servers for extraordinary performance and reliability.

According to Stuart Alexander, IBM’s clusters worldwide marketing manager, departmental and workgroup clusters, which are smaller, more manageable and allow for more affordable HPC clustering solutions, bring more compute power closer to users for greater productivity.
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Dell Delivers Entry-Level to Complete, End-to-End HPC Cluster Solutions Leveraging WCCS and Excel 2007

23HPC-250cr.jpg32-Kevin-Noreen-100.jpgKevin Noreen is senior manager at Dell (www.dell.com) for their Open Systems Product Marketing that focuses on HPC. Acknowledged as a visionary by his peers, he has been instrumental at Dell in identifying emerging markets and trends, providing strategic direction, developing leading partnerships as well as defining Dell’s future solution products and delivery strategies. We asked him how he would respond to the question that modeling and trading platforms have not always been viewed as part of the traditional enterprise applications.
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Aleri Places High Priorities on Delivering Event-Processing Technology for High-Performance Computing

23HPC-250cr.jpg33-Don-DeLoach-100.jpgWith offices in the US and the UK, Aleri (www.aleri.com) specializes in high performance event-processing technology that is being used to power mission-critical applications within a number of the world’s leading financial institutions. According to Don DeLoach, CEO at Aleri, their Streaming Platform is “the leading enterprise class event-processing technology” in terms of performance and versatility. Designed from the ground up for high throughput with minimal latency, it provides an industrial-strength engine that can address a wide variety of event-processing needs in financial services.
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Keeping Up with the Ever Increasing Demands of Data Processing

23HPC-250cr.jpgBarry_Morris_StreamBase-100.jpgStreamBase Systems (www.streambase.com), a leader in the fast-growing complex event processing (CEP) market, has pioneered a remarkable new approach to processing and analyzing real-time streaming data.  Founded by data management experts who have been driving industry innovation for decades and backed by top-tier investor firms, StreamBase has developed a new class of stream processing software.  Global organizations are witnessing its high performance coupled with its intuitive graphical development environment that eliminates the need for costly, inflexible custom-coding.

We recently spoke with Barry Morris, Chairman and CEO of StreamBase Systems, Inc. about high-performance CEP and the trends that are driving its adoption in financial markets.
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ASPEED Turbocharges Financial Services Applications Using Intel’s Energy-Efficient Quad-Core Xeon CPUs

23HPC-250cr.jpg34-Intel-ASPEED-200.jpgASPEED Software (www.aspeed.com), a Microsoft partner, enables firms to rapidly upgrade their applications to fully exploit multi-core and grid, significantly shortening response time. By adapting Windows- and Linux-based single-thread desktop and server applications, explains ASPEED’s CEO Kurt Ziegler, customers can take full advantage of Intel-based multi-core platforms without major application surgery or retooling. We recently caught up with Kurt just as he finished meeting with Richard Dracott, general manager, high-performance computing group at Intel (www.intel.com).
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Tyan’s PSC Series + Microsoft’s WCCS 2003 = High-Performance Personal Supercomputing

23HPC-250cr.jpg36-T-Symon-Chang-100.jpgAccording to Dr. T. Symon Chang, a former Intel and IBM executive who founded Tyan Computer Corporation (www.tyanpsc.com), “yesterday’s top 500 supercomputer can now be sitting right at the side of your desk.” Recently, Tyan announced the availability of their TyanPSC T-600 series Personal Supercomputer featuring new Xeon quad-core server processors from Intel. A fully integrated five-node cluster, the PSC delivers computation capability while only requiring power from a standard 15-amp wall outlet.

WFS: What is a PSC?...
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Microsoft’s Leadership in Distributed Enterprise Computing Builds Case for HPC

Microsoft-HPC-150.jpgFinancial firms can now deploy clusters of servers running Windows Server 2003 to benefit from supercomputing power at a fraction of the cost.  Kyril Faenov, Microsoft’s HPC product unit director explains how.

Some of the toughest computing challenges in the world are tackled and often solved by using high-performance computing (HPC) clusters. Companies can now cost efficiently deploy clusters of servers running Windows Server 2003 to benefit from supercomputing power.

To learn how, we talked to Kyril Faenov, director of the high-performance computing product unit in the Windows Server group, who leads the HPC product strategy and implementation at Microsoft.

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Evolving from the Edge to Mainstream

HPC-Ferrara-125.jpgHigh-performance computing deals with very high volume and throughput-information processing.  Financial IT consultant Ray Ferrara at Fiducité examines HPC from a Windows-based perspective.

Once the domain of expensive, esoteric research projects, high-performance computing (HPC) today is becoming mainstream, paralleling industries like automobiles where techniques proven for the race track find their way to the family car, just as high-speed interconnects, look-ahead instruction caching, parallel compilers and debuggers and other artifacts of HPC are finding their way into financial industry computers. 

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High-Performance Computing Meets Microsoft Excel

39_40-Monte-Carlo-200.jpgMicrosoft Office Excel 2007 has vastly expanded capabilities – over one million rows by 16,384 columns – and its capacity to boost individual productivity and calculation performance have already received much acclaim. For large financial firms, there is an even greater potential. Excel 2007 has evolved from a standalone desktop application to one that can participate in a client/server world, available to users within an enterprise as well as users outside the enterprise in a scale-out scenario. What’s more, with the new multi-threaded recalculation engine, which accelerates calculations and takes advantage of parallel threads across multi-processor machines, the power of high-performance computing is now accessible.
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Cornell Gives Wall Street a New Curriculum: High-Performance Computing

Moving beyond the hype, Roger Lang, director, marketing and development at NYC’s Cornell Theory Center, shows how Web services will underpin explosive growth of high-performance computing in financial applications.

An increasingly complex and competitive global trading environment, shortened product development cycles, enormous pressure on costs – these are some of the conditions defining what we may as well call reality financial services.
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