Univa HPC Job Bank
HPC in the Cloud


Dedicated to covering high-end cloud computing
in science, industry and the datacenter

Language Flags

PAREMUS ENHANCES PRICING, RISK ANALYTICS SOLUTION


Paremus announced the addition of Quadrus Financial Technologies Inc and Sun Microsystems Inc to the recently revealed Infiniflow Utility Datacenter Ecosystem (UDE). When integrated with the Infiniflow enterprise compute fabric, the high performance Quadrus QuIC Platform running on Sun's ground-breaking Solaris 10 Operating System for x86 systems, provides financial services companies with an adaptive and highly scalable state-of-the art utility pricing and risk management solution for the whole enterprise.

"Paremus regards the Quadrus vector processing risk engine as a best-in-class solution for the financial services industry, hence integration into the Infiniflow autonomic compute fabric was an obvious UDE priority," said Richard Nicholson, CTO of Paremus. "The resultant UDE solution is really quite special, enabling our clients to deliver a massively scalable and self-healing enterprise risk management utility service to their businesses."

The Quadrus system can perform tasks in seconds that can take other systems hours to complete. It also offers users the ability to dynamically extend and customize system functionality to handle even the most complex financial models, instruments and analytics. This capability is typically limited by conventional "stove-piped" architectures -- including compute Grids -- where resources cannot be shared by applications. Infiniflow enterprise resource virtualization allows many business aligned Quadrus processing domains to be dynamically instantiated from the single compute fabric, avoiding islands of underutilized resources and improving return on investment in servers.

In addition to providing a compute Grid architecture to address computationally intensive workloads, Infiniflow's ability to handle work-flows means it can support other processing patterns required by a financial services company. These include high data throughput and transaction processing, complex business workflow and orchestration, and high performance distributed matching engine requirements.

Risk management applications are critical to the day-to-day operation of many financial services organizations, and the Infiniflow enterprise Grid provides the ideal resilient environment for the QuIC Platform. Infiniflow's Jini technology-based service oriented architecture has unprecedented self-healing and business service recovery behaviors. Unlike conventional compute Grid implementations, Infiniflow has no central point of control, hence no central point of failure. Such capabilities will prove invaluable as financial services organizations begin to address the Technology Operational Risk requirements within the Basel II specification.

"The partnership between Paramus and Quadrus, puts the power of the Quadrus QuIC Platform in reach of an entire autonomic distributed compute foundation," said Justin Forrest, vice president of business development at Quadrus. "By leveraging Infiniflow's virtual domain architecture, QuIC Platform resources can be rapidly re-provisioned to meet the requirements of the most demanding front and middle office pricing and risk management challenges."

Hosted upon Sun Microsystems' Sun Fire V20z and V40z servers based on the AMD Opteron processor and running the Solaris 10 OS, the Quadrus/Infiniflow environment provides unprecedented scalable compute and data throughput processing power, whilst leveraging the established stability, manageability and industry leading performance of the Solaris 10 operating system.

"The Quadrus QuIC risk engine has been engineered for the industry leading vector analytics performance. Likewise, Infiniflow leverages Sun Java/Jini infrastructure to set new levels of throughput performance, flexibility and resilience for enterprise transactional, message matching and compute Grid solutions," said Donna Rubin, senior director of financial services at Sun Microsystems Inc. "As such, the combination of the Sun Fire V20z and V40z AMD Opteron-based processors powered by Solaris 10 and Quadrus/Paremus represents a powerful Grid architecture for market risk."

"The combination of Infiniflow, QuIC and Sun's Opteron processor based-systems will be presented to our City of London clients at the SunLive 2004 event '36 Hours in the City' on Nov. 30," said Mike Francis, business development manager for Paremus. "This compelling utility pricing and risk service solution is the first of many exciting solutions to be announced as part of the Infiniflow Utility Datacenter Ecosystem."

Most Read Blogs

Aspen

Feature Articles

Avoiding Scientific Computing Bottlenecks in the Cloud

Frank Ding, engineering analysis & technical computing manager at Simpson Strong-Tie, discussed the advantages of utilizing the cloud for occasional scientific computing, identified the obstacles to doing so, and proposed workarounds to some of those obstacles.
Read more...

Overcoming the Cloud Security Barrier for Financial Services

The private industry least likely to adopt public cloud services for data storage are financial institutions. Holding the most sensitive and heavily-regulated of data types, personal financial information, banks and similar institutions are mostly moving towards private cloud services – and doing so at great cost.
Read more...

Research Roundup: Toward a More Efficient Cloud

In this week's hand-picked assortment, researchers explore the path to more energy-efficient cloud datacenters, investigate new frameworks and runtime environments that are compatible with Windows Azure, and design a unified programming model for diverse data-intensive cloud computing paradigms.
Read more...

Short Takes

Running Computational Fluid Dynamics in the Cloud

May 16, 2013 | When it comes to cloud, long distances mean unacceptably high latencies. Researchers from the University of Bonn in Germany examined those latency issues of doing CFD modeling in the cloud by utilizing a common CFD and its utilization in HPC instance types including both CPU and GPU cores of Amazon EC2.
Read more...

In Support of Cloud-based Rendering

May 10, 2013 | Australian visual effects company, Animal Logic, is considering a move to the public cloud.
Read more...

Internet2 Awards Program Seeks Innovative Applications

May 10, 2013 | Program provides cash awards up to $10,000 for the best open-source end-user applications deployed on 100G network.
Read more...

HPC and the True Cost of Cloud

May 08, 2013 | For engineers looking to leverage high-performance computing, the accessibility of a cloud-based approach is a powerful draw, but there are costs that may not be readily apparent.
Read more...

Sponsored Whitepapers

Best Practices in Big Data Storage

05/10/2013 | Cleversafe, Cray, DDN, NetApp, & Panasas | From Wall Street to Hollywood, drug discovery to homeland security, companies and organizations of all sizes and stripes are coming face to face with the challenges – and opportunities – afforded by Big Data. Before anyone can utilize these extraordinary data repositories, however, they must first harness and manage their data stores, and do so utilizing technologies that underscore affordability, security, and scalability.

Exploring the Potential of Heterogeneous Computing

04/02/2012 | AMD | Developers today are just beginning to explore the potential of heterogeneous computing, but the potential for this new paradigm is huge. This brief article reviews how the technology might impact a range of application development areas, including client experiences and cloud-based data management. As platforms like OpenCL continue to evolve, the benefits of heterogeneous computing will become even more accessible. Use this quick article to jump-start your own thinking on heterogeneous computing.

Sponsored Multimedias

Newsletters

Stay informed! Subscribe to HPC in the Cloud email Newsletters.

HPC in the Cloud Update
HPCwire Weekly Update
Digital Manufacturing Report
Datanami
HPCwire Conferences & Events
Job Bank
HPCwire Product Showcases



HPC Job Bank


Featured Events



  • June 16, 2013 - June 20, 2013
    ISC'13
    Leipzig,
    Germany

  • June 17, 2013 - June 18, 2013
    Forecast 2013
    San Francisco, CA
    United States




HPC in the Cloud Conferences & Events