Bob Boettcher, vice president of financial services at Platform says that traditionally financial-services firms have dedicated computing resources according to each line of business. "Typically each one of these business units has purchased enough hardware to allow them to meet the peak demand," which rarely happens. He says the value proposition for grid in the risk-management area is the reduction in time it takes to make calculations. "Getting information on risk positions in five minutes might be worth millions and millions of dollars. Get the same information in an hour and it might be worthless," Boettcher says.
TradingLab adopts grid for analytics
TradingLab, an investment bank that operates in Italy, the United Kingdom, France, Germany and the United States, has also seen the benefits of grid in the risk and analytics arena.
Andrea Ceriani, the grid solution implementation project manager at TradingLab, says his firm turned to grid computing because it needed a faster way to analyze financial data.
"We found that the grid technology approach may help us in accomplishing our needs to obtain results faster ... It would allow our applications to get super-computer performance without investing in heavy-duty hardware."
Discover the benefits of scalable backbone and network services for application and cloud providers.
Network automation is gaining momentum. Here's how you can drive this powerful technology to its full potential.
Subsea cable alternatives can provide a level of comfort for those concerned about disruptions. Realistically, they will continue to play a small, but critical role in the short term.
