How about parallel computing with finance

Terrence E. Brown tbrown at lector.kth.se
Thu Dec 7 02:08:53 EST 2000


Richard,

This is exactly the type of apps I am interested in heard more about and
promoting.

Terrence

"Richard_Walsh_ (Richard Walsh )" wrote:

> Liuxg wrote:
>
> > Now using parallel computing in the solutiong of
> > computionally-intensive probolems has been widely accepted
> > in physics,chemistry,biology,engineering etc. I'm inerested
> > in its application in economics and finance based linux cluster.
>
> We run the proprietary risk management codes of large investment
> banks used to manage large books of derivatives in several asset
> classes in an MPI-Linux-Pentium cluster environment. We are transitioning
> our production environment to these platforms. The business model
> is service based (floor space in Minnesota is cheaper than NY),
> includes platform currency and price-performance targets (PIII
> and Linux make a potent combination), service-level guarantees,
> global access (VPN), near 24x7 availability (the whole weekend
> is not needed even if your customer is working from Hong Kong)
> ... a kind of power grid for CPU cycles ... plug your financial
> factory (code) into the grid and flip the switch. We don't do
> "toasters" and "microwaves" yet, but perhaps longer term :-) ...
>
> Without trying to brag ... some of these financial applications
> are definitely state-of-the-art. So to answer your question
> directly ... it is being done ... but is earlier in the game
> than say computational chemistry.
>
> Regards,
>
> rbw
>
> #---------------------------------------------------
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> # Richard Walsh
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> To: beowulf at beowulf.org, beowulf at eyou.com
> From: Richard Walsh <rbw at networkcs.com>
> Subject: Re: How about parallel computing with finance
> Date: Wed, 6 Dec 2000 09:48:50 -0600 (CST)
> Message-Id: <200012061548.JAA47271 at us.networkcs.com>
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--
-----------------------------------------
Terrence E. Brown, Ph.D.
Stockholm School of Entrepreneurship
Assistant Professor
Royal Technical Institute
INDEK
Drottning Kristina Väg 35D
S- 100 44 Stockholm
Sweden
Tel: +46(0)8-7906174 (work)
Fax: +46(0)8-7906741 (work)
Email: tbrown at lector.kth.se
 or terrence.brown at sses.se



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