Streambase NVIDIA
Thursday, 24 June 2010 | 
Technology - An...
NEW YORK (USA) - June 23, 2010 - StreamBase Systems, the leader in high-performance Complex Event Processing (CEP) technology, announced today at the Securities Industry and Financial Markets Association (SIFMA) conference in New York, that it is collaborating with NVIDIA, inventor of the graphics processing unit (GPU), to offer the best-of-breed computing capability for capital markets.
INVIDIA have not said anything specific about this on their website.
However here is the chipset which StreamBase are leveraging.
I know of one investment bank in London which has been prototyping this architecture since the turn of the year and another one (next door) has been considering this architecture.
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Comments
HIGH PERFOMANCE IN COMPUTATIONAL FINANCE BY UTILIZING NVIDIA
HIGH PERFOMANCE IN COMPUTATIONAL FINANCE BY UTILIZING NVIDIA GPUS
Dr. Andreas Binder is CEO of MathConsult GmbH and head of its computational finance group.
Dr. Oliver Tennert is Director Technology Management & HPC Solutions at transtec AG
here
The field-programmable gate array (FPGA)
ALTERA
or use #FPGA on twitter
Quantitative Libraries for Financial Predictive Analytics
Accelerating QuantLib with an FPGA Coprocessor
Wall Street FPGA
High-Throughput Transaction Executions on Graphics Processors
Cornell University Library
Accelerating VaR Calculation on GPU
From NVIDIA here
Risk Management in the Garden Shed
Why has enterprise IT lost control of this kind of footprint which is now essentially enterprise? Well, there is a skills and understanding gap, any of the LinkedIn Group discussions/questions will tell you that & that knowledge gap is in IT, we need to accept that but the mega-vendor "partners" of enterprise IT in the financial institution today have failed to deliver a path to enable the IT function to support the oncoming computational challenges of transparency in financial services.
SAP's acquisition of SYBASE is a step on that road but its too slow, too lumbering to even begin to solve the problems faced even in Germany. Serious professionals in Risk Analytics are having to go heath-robertson into the garden shed with spanners to build themselves solutions such as that described above when SAP or IBM or ORACLE or SAS or SUNGard have the software, the clout and the expertise to deliver solutions which would be genuinely enterprise, what's the problem? They don't genuinely understand the issues faced by the serious Risk Analytics professional today and they cannot assist the IT function to articulate an enterprise approach to solving Risk Management and Transparency issues. Thus the Risk Managers take matters in their own hands and cobble together solutions like this, which can only be pro-tem.
What kind of application are the Risk Analysts running on the NVIDIA chipset? Usually prototyped in R & then translated to the C compiler for what is a Graphics Card. Streambase is the perfect solution to handshake datastreams to such an application and I'll bet the Tesla run likes the proverbial s of an s! But risk management solutions require to be enterprise; "holistic" as the real thought leaders tell us. This configuration is in the workshop!
Why are the risk Analysts forced to do this? The time-lines or life-cycles of transparency compliance in this more heavily supervised environment today are without question inordinate; e.g. liquidity analytics weekly, risk capital reports weekly. These are key numbers which management need to be able to parse before transmission to the supervisors, enterprise-IT is just not responding to the business' requirements, PERIOD.
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John A Morrison Profile / email John