ASPEED Opens Floodgates to More Complex Capital Markets: Trading Applications Run In Less Time; ACCELLERANT and IBM Blue Gene Enable Faster and More Precise Fixed Income and Credit Derivative Applications.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ASPEED Software has announced that its parallel distributed computing (1) The use of multiple computers networked throughout a wide geographical area, or the world via the Internet, in order to solve a single problem. See grid computing. (2) The use of multiple computers in an enterprise rather than one centralized system. solution, ACCELLERANT, has successfully enabled fixed income and credit derivative Credit Derivative Privately held negotiable bilateral contracts that allow users to manage their exposure to credit risk. Credit derivatives are financial assets like forward contracts, swaps, and options for which the price is driven by the credit risk of economic agents (private trading applications to perform on the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (R) Blue Gene(R) System. With ASPEED's support for Blue Gene, financial applications can now rapidly and seamlessly exploit the scalability and economics of the world's fastest supercomputer. ACCELLERANT now becomes the first solution to enable computational intensive financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. applications to leverage the immense operational and super-charged performance benefits of Blue Gene. Using ACCELLERANT, traders, quants (QUANTitative analystS) Financial analysts who use the computer and complex algorithms to develop derivatives and other intricate financial instruments. and other decision-makers can take their financial application capabilities to new heights with analysis flexibility, in terms of increased precision, volumes and considerations in less time. ACCELLERANT transparently injects distributed parallel processing parallel processing, the concurrent or simultaneous execution of two or more parts of a single computer program, at speeds far exceeding those of a conventional computer. capabilities into existing applications without re-engineering the underlying algorithms and risking the integrity of results. Blue Gene, IBM's cutting-edge economic supercomputing platform, propels qualitative analysis Qualitative Analysis Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations. to the next level. It is the only system commercially available optimized for bandwidth, scalability and computational performance, while consuming a fraction of the electricity and floor space demanded by most high-performance systems. Proven in deployments for leading-edge research in hydrodynamics hydrodynamics: see mechanics. Hydrodynamics The study of fluids in motion. The study is based upon the physical conservation laws of mass, momentum, and energy. , astronomy and space research, quantum chemistry
Quantum chemistry is a branch of theoretical chemistry, which applies quantum mechanics and quantum field theory to address issues and problems in chemistry. and climate modeling, Blue Gene is now being adopted, through ACCELLERANT, for mission-critical processes such as risk management, securities and portfolio pricing and hedging strategies. . In a recent benchmark, ASPEED demonstrated the ease of adaptation of financial applications to Blue Gene and the potential performance impact to trading applications. It took a single thread American Options portfolio pricing application (AMBook) adapted it for the parallel environment and ran it showing the reduced processing time. In a test case, a 240,000-option portfolio pricing run was reduced from an hour to seconds using Blue Gene. Variants of AMBook are generally run to determine the overall price and risk of an options portfolio. The calculation examines each instrument. Each calculation is stochastic - nondeterministic in some manner - usually by using random numbers and therefore requires significant compute power. There are two primary considerations for such runs, time and precision. Ideally traders prefer more precision, usually characterized as time steps or paths, but they often have to limit the analysis because of the overall elapsed time to price. Blue Gene with ACCELLERANT enables any trader to select more precision and variables while being more responsive with their existing applications. "Financial services companies stand to gain significant cost, competitive and time advantages through using advanced software accelerators on their critical and most computationally intense applications," said Dave Turek, vice president of Deep Computing at IBM. "The combination of Blue Gene and ACCELLERANT in this performance result is indicative of the emerging opportunity clients have to leverage the Blue Gene platform even further in financial services applications." This is the latest enhancement for ACCELLERANT, which is widely used by leading financial firms, investment banks, pharmaceutical drug developers, life sciences firms, energy providers and the Department of Defense to optimize application performance within grid, cluster, multi-core and other distributed computing environments. About ASPEED Software ASPEED Software Corporation is a privately held, venture-funded software company based in the heart of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with development centers in New York and London. ASPEED's value proposition is to enable clients with computationally intensive applications to significantly reduce response times and improves precision. ASPEED's ACCELLERANT software enables its users to quickly adapt their existing applications to use less expensive and newer hardware technologies in multi-processor, cluster and grid configurations. ACCELLERANT's algorithm-aware API enables the distribution of applications thought by many as "undistributable," improving competitiveness, productivity and accuracy of the analysis and to participate in company cluster and grid activity. For more information, please visit www.aspeed.com |
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