Credit Modeling with HPC

An HPC Wire article says that computing requirements on Wall Street are growing exponentially as algorithms and models become more complex to support new investment opportunities:
“The creation and deployment of new numerical methods for economic and financial modeling is becoming a critical competitive weapon for banks, hedge funds and other investment firms. From a high performance computing (HPC) perspective, when quantitative analysts are asked how fast these new computations need to be processed, their answer is usually “at least fifteen minutes faster than our competitors with a lot of extra credit for finishing before the close of daily trading.” Consequently, computing requirements on Wall Street are growing exponentially as algorithms and models become more complex to support new investment opportunities, while incorporating ever larger data sets.” Full Story

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About Rich
FlexRex began his life as a cartoon character I created a Sun Microsystems. As the world's first "fictional blogger," he appeared in numerous parody films that made fun of the whole work-from-home thing. Somewhere along the line, the Sun IT department adopted FlexRex as their spokesman in a half-dozen security awareness films for employees. So when I left Sun recently, I started FlexRex Communications, a Marketing company in Portland, Oregon.

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