JPMorgan Rolls Out (Another) FPGA Supercomputer

An anonymous reader writes "JP Morgan is expanding its use of dataflow 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. The new dataflow supercomputer, where the computer chips are tailored to perform specific, bespoke tasks (as explained in this Wall Street Journal article) — will be equivalent to more than 12,000 conventional x86 cores, providing 128 Teraflops of performance."

Comments

Re:All this..

[jo42]

Look at it the other way, by rapidly exploring lots of different risk profiles, they're trying to avoid getting into trouble in the first place.

Oh my goodness, how naive you are. To 'make' money, all the financial industry needs to do is to add extra zeros before the decimal point to their account balances. Problem is they can't do that so easily -- this is something they still can't get away with. So they have come up with all of these 'financial instruments' and 'trading systems' where they shuffle shit around between themselves and their accounts, producing no true value or real wealth, but somehow still end up with extra zeros before the decimal point in those accounts.

Yes Timmy, the financial industry is one huge friggin' gigantic Ponzi scheme.