Bank bets on supercomputer

[corvus]

"A French bank hopes that bundling spare capacity in hundreds of computers will give it an edge in the financial markets."


http://news.bbc.co.uk/2/hi/business/3090002.stm

 

[Arnie]

More proof that Banks and the French are stupid.

 

[limitdown]

edges often go dull without sharpening.


sharpening in the computer industry often occurs from friction

banking avoids risk and friction, which is the result of risk meeting the pavement is something that they're in business to avoid

so, what's the probability of success

less than fair

 

[GIG]

Huh??

This is a grid computing (supercomputing) application story...

From the article, I didn't get the impression that the bank was getting some kind of trading edge.

They're just making systems faster - not any different from an individual upgrading their home PC (although the bank is doing it on a larger scale, of course).

Regards,

Brandon

 

[corvus]

Their point was "to speed up the pricing of financial instruments such as futures and options, a task that requires notoriously tricky computation".

This can be an edge.

 

[mdmbud]

<b>More proof that Banks and the French are stupid. </b>


THAT WAS FUNNY!

 

[stock777]

I guess if you can figure it out 3 millseconds faster thats an edge.

Now I know who's always grabbing that stock ahead of me. Pepe La Pew.