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JPMorgan Rolls Out (Another) FPGA Supercomputer

Posted by timothy on from the we-call-this-one-the-fleecer dept.

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."

1 of 210 comments (clear)

  1. 1999, before the first Synthetic CDO was sold? by decora · · Score: 1, Redundant

    before credit default swaps grew to dozens-of-trillions of dollars business?

    before Commodity Index Funds?

    before the stock exchanges and commodities exchanges got rid of their open outcry trading pits and went electronic?

    before JP Morgan bought Bear Stearns (with a Fed loan)?

    before JP Morgan got bailed out by taxpayers?

    no offense dude... but what on earth does 1999 have to do with 2011?

    So JP Morgan can calculate VaR faster. so what? they didnt calculate it fast enough in 2008 - they took that big fat payout like everyone else, they were up to the arms in CDOs and subprime like everyone else, they had their fingers in every pie. They arent "earning" anything, they are "stealing" it from the taxpayer, with an enforced monopoly based on corruption in the federal government. JP Morgan should not exist.

    I do not buy your thing about spreadsheets, considering how CDOs were often calculated by people called 'F9 monkeys'. and one CDO deal could be worth a billion dollars.