HPC on Wall Street all about low latency

HPC Wire writes that last week’s High Performance on Wall Street conference focused on the financial industry’s obsession with automated trading and low latency:
“The financial sector has quickly become the premier market driver for a lot of high-end computing technology. This past Monday, hundreds of industry attendees listened to sessions about how bleeding-edge hardware and software is being used to change the landscape of market trading and financial analytics. In a recent conversation I had with Donna Rubin, Sun Microsystems’ Director of Worldwide Financial Services, we talked about the changing face of the financial services business.
“What’s driving this? The ‘electronification’ of the market,” explained Rubin. “If you go down to NASDAQ and look at how many people are actually on the floor, there are not as many people as there used to be. But that doesn’t mean trading isn’t happening. Trading is happening in cyberspace, and volumes are increasing phenomenally.” Full Story

Advertisements

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.

Comments are closed.

%d bloggers like this: