A place on the grid
A growing number of banks have implemented grid technology for their risk management and derivatives trading businesses, allowing them to borrow spare capacity from dormant computers to process complex tasks in a fraction of the time. By Clive Davidson
The fixed-income group at US bank Wachovia has a risk report task that once took 15 hours to run. By transferring that task to a grid hooked up to existing computers, in particular desktop computers that were often idle, the bank was able to reduce the report run time to 15 minutes. If, instead of using the computers it already owned, the bank had bought new machines to achieve the same performance, it would have needed eight Sun 15K servers, says Robert Ortega, chief architect and head of grid
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