JP Morgan expands deployment of FPGA-based supercomputer

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Earlier this year, the bank revealed how it reduced the time it took to run an end-of-day risk calculation from eight hours down to just 238 seconds. It recently won an award for this deployment, which was based on an application-led, High Performance Computing (HPC) system running on Field-Programmable Gate Array (FPGA) technology. Although the performance measurements are dependent on the application, Maxeler claims that the new version of the machine is more than three times more powerful. Peter Cherasia, head of markets strategies at JP Morgan, said: "With the new Maxeler technology, JP Morgans 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." "The Maxeler dataflow supercomputer enables JP Morgan to minimise its risk and respond more effectively than its competitors to rapidly changing marketing conditions, particularly the financial turmoil in Europe," said John Barr, research director of financial markets and head of EU research at the 451 Group.

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Data Management

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