Home » References » Supercomputer Manages Fixed Income Risk At JPMorgan, Tom Groenfeldt, Forbes

Supercomputer Manages Fixed Income Risk At JPMorgan, Tom Groenfeldt, Forbes

 

Forbes, Supercomputer Manages Fixed Income Risk At JPMorgan, here.

With the new Maxeler technology, JPMorgan’s trading businesses can now compute orders of magnitude more quickly, making it possible to improve our understanding and control of the profile of our complex trading risk,” said Peter Cherasia, head of markets strategies at JPMorgan. The bank has ordered a second supercomputer which will be equivalent to over 12,000 conventional x86 cores, providing 128 Teraflops of performance.

Dataflow is the term Maxeler uses to describe its racks made up of 1U (pizza box) MaxNodes. Each MaxNode is a computing powerhouse with 12 Intel Xeon CPU cores, up to 192GB of RAM for the CPUs and up to 4 MAX3 dataflow compute cards, each with the latestXilinx Virtex-6 FPGAs.

“FPGAs are like paper. You can say paper makes it really hard to write a Pulitzer winning article, but it is just a surface. The FPGA doesn’t have anything in it, it’s all blank infrastructure. For over 16 years we have focused on what to put on there and to make it easy to write and as fast as possible to compute. You have FPGAs in your car, in your TV, in your monitors.”

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