Bankers, War Mongers, Drug Dealers, The New York Times, The Military-Industrial Complex, the Neo-Cons, The Wall Street Journal, The DEA, Organized Crime, The CIA, the FBI, The FDA, The Department of Education, The Federal Reserve and the IRS.
(Reuters) - The euro struggled to find any friends in Asia on Tuesday, having hit a record low against the Swiss franc as doubts lingered even after European financial officials offered fresh steps to tackle the region's sovereign debt problems.
Prior to the implementation, JP Morgan would take eight hours to do a complete risk run, and an hour to run a present value, on its entire book. If anything went wrong with the analysis, there was no time to re-run it.
It has now reduced that to about 238 seconds, with an FPGA time of 12 seconds.
“Being able to run the book in 12 seconds end-to-end and get a value on our multi-million dollar book within 12 seconds is a huge commercial advantage for us,” Stephen Weston, global head of the Applied Analytics group in the investment banking division of JP Morgan, said at a recent lecture to Stanford University students....
.....The project took JP Morgan around three years, and the bank is now looking to push it into other areas of the business, such as high frequency trading.
Reader Comments (10)
http://www.marketwatch.com/story/eurogroup-seeks-ways-to-stop-greek-debt-contagion-2011-07-11
Euro taps lowest level against the dollar since late May
http://www.marketwatch.com/story/dollar-yen-gain-ahead-of-euro-zone-meeting-2011-07-10
http://www.wired.com/dangerroom/2011/07/spy-agencys-next-top-analyst-you/
Bankers, War Mongers, Drug Dealers, The New York Times, The Military-Industrial Complex, the Neo-Cons, The Wall Street Journal, The DEA, Organized Crime, The CIA, the FBI, The FDA, The Department of Education, The Federal Reserve and the IRS.
http://www.activistpost.com/2011/07/whos-afraid-of-ron-paul.html
http://www.thenewamerican.com/tech-mainmenu-30/environment/8128-un-demands-76-trillion-for-green-technology
http://www.washingtonsblog.com/2011/07/big-banks-are-waging-warfare-against.html
http://www.activistpost.com/2011/07/france-says-nato-bombing-has-failed.html
http://www.reuters.com/article/2011/07/11/us-markets-forex-idUSTRE74U02L20110711
http://www.computerworlduk.com/news/it-business/3290494/jp-morgan-supercomputer-offers-risk-analysis-in-near-real-time/
[snip]
Prior to the implementation, JP Morgan would take eight hours to do a complete risk run, and an hour to run a present value, on its entire book. If anything went wrong with the analysis, there was no time to re-run it.
It has now reduced that to about 238 seconds, with an FPGA time of 12 seconds.
“Being able to run the book in 12 seconds end-to-end and get a value on our multi-million dollar book within 12 seconds is a huge commercial advantage for us,” Stephen Weston, global head of the Applied Analytics group in the investment banking division of JP Morgan, said at a recent lecture to Stanford University students....
.....The project took JP Morgan around three years, and the bank is now looking to push it into other areas of the business, such as high frequency trading.