JP Morgan expands deployment of FPGA-based supercomputer

JP Morgan expands deployment of FPGA-based supercomputer

Award-winning technology helps investment bank understand risk profile better

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JP Morgan is expanding its use of supercomputers to speed up more of its fixed income trading operations.

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.

The supercomputer solution was developed with HPC solutions provider Maxeler Technologies, which is also providing JP Morgan with the new, upgraded supercomputer for additional areas of the business.

The new dataflow supercomputer – where the computer chips are tailored to perform specific, bespoke tasks – will be equivalent to more than 12,000 conventional x86 cores, providing 128 Teraflops of performance.

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 Morgan'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."

Meanwhile, analysts said that the technology will help JP Morgan to become more competitive.

"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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  • Vlad Lazarenko But it also doesnt take money out of your pocket So if you dont like it just dont play this game nobody is forcing you
  • Mouimette666 You are right of course Having worked as a stockbroker for 20 years I can verify that when we dial for dollars we are not doing any favors for the average investor but we are selling the companys wares only it isnt tin cans or cars it is peoples futures That is why we have an inside jokeThe firm made money the broker made money and 2 out of 3 aint badAnother one Estate planning is churning estates into commissionsAll you need to do is look at how long it took the SEC to catch Bernie Madoffs Ponzi scheme The SEC even recommended people who called them to complain over a 20 year period that they invest their money with Bernie because he had such a good track record And also he had the credibility of the SEC and the NASDQ because at one time he was the director of the National Association of Security DealersDoes this give you any idea of who can be trusted in the securities market The SEC is there to protect stock brokerage firms not the individual investor Instead of the regulators regulating the industry the industry is regulating the regulators which is what usually happens historically with regulations meant to protect the public That is proven every time the SEC fines these organizations billions of dollars with their agreement that they did nothing wrong and therefore the cost of the fine can be deducted from their expenses and income statements Only the SEC allows a fine for breaking the law to be a tax deductable expense I am not sure how the IRS lets them get away with it but it does tend to stack the deck against the individual investorIt took the SEC 20 years to catch Bernie and that wasnt event until after there had been many multiple complaints They didnt even look into it until the market collapsed in 2008 and then it still took the SEC another year before reviewing investors complaints Right onBrierpatch Ga
  • Mouimette666 That would mean retirement funds would never be able to invest in a bank since now most banks are the hedge funds doing flash trading JP Morgan Bank runs the largest hedge fund in the world to 57 billion as of 2009 And thats one 1 hedge fund JP Morgan has 468 subsidiaries and Ill bet each one has at least 1 hedge fund it operatesThey are just spinning the wheel
  • Mouimette666 So furytrader tell me about all that liquidity that helped the average investor last year when SampP announced they were lowering the US debt rating on August 52011 The market dropped by 1700 points between July 22 and August 4th before the announcement was made public And what does the SEC sayabout all that liquidity the professional institutions created between July 22 and Aug 4th 2011 NadaBy the time the decline was over it was too late for the average investor who is supposedly helped by all the liquidity these hedge funds are providing to get out of the market BEFORE it had declined by 19Gimmie some advise on how to access all this liquidity you are so enthralled about that those professional institutions provided you last year between July 22 and August 4 2011 Did you lose much with their helpBrierpatch Ga
  • Mouimette666 I agree with you to an extent However if you think that the multinational companies based in the help the average investor you are sadly missinformed about how the market works Trillion dollar hedge funds sub-control the direction of the market using flash trading techniques where they make billions of dollars on a penny trade The average investor can not compete with this Additionally flash traders operate in secret with out releasing any information to the public Take for instance when the market collapsed last summer when the US debt rating was lowered by SampP The market dropped 1700 points by between July 22 and August 5th SampP did not even announce the credit rating decrease until Aug 5th So where was all that liquidity between July 22nd and August 4th for the average investor Please enlighten meBrierpatch Ga
  • Chaotic So now JPMorgan can screw you in less time than ever
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