June 13, 2012
Push-button access to cloudbursting empowers firms with faster and more timely derivatives analytics
NEW YORK, June 13 — Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management today announced a partnership with GreenButton to provide Numerix clients with seamless, secure, on-demand access to cloud computing resources. Enabled in the latest release of Numerix CrossAsset XL, a flexible Microsoft Excel-based platform for pricing any derivative or structured product, clients can offload their compute-intensive calculations to any cloud provider including Microsoft Windows Azure via GreenButton's intuitive interface. End users can now immediately leverage cost effective cloud resources to respond to market dynamics and regulatory pressures with consistent and more timely analytics.
Regulatory pressures and business requirements demand that both buy-side and sell-side firms generate faster, more frequent and accurate pricing and risk analysis. At the same time, firms need to assess trading and risk management decisions from a consistent, enterprise-wide, cross-asset point of view. Together these factors combine to necessitate a myriad of increasingly complex and compute intensive pricing and risk calculations. Thus many firms, particularly hedge funds, asset managers and insurance companies, are now in need of customizable cloud-based solutions to meet their unique business requirements and demand for more compute power.
"Though budgets for IT infrastructure continue to shrink on both the buy- and sell-side the pressure to arrive at the right answer faster from a trading and risk perspective has only increased," said Steve O'Hanlon, president and COO of Numerix. "Numerix made a strategic business decision several years ago to lead the industry in its evolution towards cloud-based solutions by delivering flexible offerings that enable our clients to confidently tap the power of private, public and hybrid clouds such as Windows HPC and Azure. Our partnership with GreenButton is an ideal complement to our cloud enablement strategy. It combines our best-of-breed analytics with the most innovative, easy to use on-ramp to the cloud, ultimately lowering total cost of ownership (TCO), boosting productivity and empowering more granular analysis for our clients."
"Together with Numerix market leading analytics, GreenButton can accelerate financial services firms' use of the cloud in revolutionary yet cost effective ways," said Scott Houston, chief executive officer, GreenButton. "Clients can literally burst to the cloud with the push of a button creating a huge competitive advantage. For example, small and mid-tier firms, including hedge funds, can now compete on a level playing field with larger firms as they can readily access the compute power needed to produce more timely and granular analysis of their portfolios."
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.
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.
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.
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.
May 10, 2013 |
Australian visual effects company, Animal Logic, is considering a move to the public cloud.
May 10, 2013 |
Program provides cash awards up to $10,000 for the best open-source end-user applications deployed on 100G network.
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.
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.
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.