HPC: Faster, Cheaper and Easier to Use
More efficient compute power helps firms deal with greater complexity
In 2003, one of IBM Corp.'s Wall Street clients was doing a single collateralized debt obligation per week, according to Kevin Pleiter, director of financial services at IBM, because that's all its computing infrastructure could handle. With high-performance computing (HPC) it now does 50 a week.
"As HPC matures on Wall Street, the opportunity to start compressing the time it takes to do deals becomes increasingly important," says Pleiter. More and more complex transactions are being executed "as innovation in technology is driving innovation in new instruments." New technology reduced a 26-hour processing cycle to 13 hours and HPC brought that down to an hour, he adds.
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