A place on the grid

The fixed-income group at US bank Wachovia has a risk report task that once took 15 hours to run. By transferring that task to a grid hooked up to existing computers, in particular desktop computers that were often idle, the bank was able to reduce the report run time to 15 minutes. If, instead of using the computers it already owned, the bank had bought new machines to achieve the same performance, it would have needed eight Sun 15K servers, says Robert Ortega, chief architect and head of grid

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Next-generation technologies and the future of trading

At a Risk.net webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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