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

238 seconds is about 4 minutes

[DRAGONWEEZEL]

for all you people who don't really think in seconds when seconds is > 60.

too bad

[Khashishi]

These banks aren't just siphoning money, they are also siphoning talent away from more important projects. The people working on these things could be brilliant physicists or engineers, if they weren't sucked into the dark side.

Re:All this..

[ackthpt]

Let's hope the federal government regulators are paying attention this time.

It would suck for them to be confused by the cool new computer and unable to seperate systemic or institutional risk from faster calculating devices.

Wishful thinking. Wall Street moves at the Speed of Light with all these computer trades now. Federal regulators need a super computer to keep an eye on JPMorgan, et al.

"You were insolvent 23 times today, for a total of 3.77 seconds. Federal guidelines mandate not being insolvent more than 15 times per day, over 1.78 seconds."

Re:All this..

[iluvcapra]

"A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way with his fellows, so that no-one can really blame him."

--- John Maynard Keynes