Charlotte, NC-based high-performance analytics technology provider Fuzzy Logix will this week unveil its analytics appliance that utilizes graphics processing units (GPUs) to perform compute-intensive calculations such as pricing of complex securities and risk analytics faster and using fewer technology resources.
The Tanay ZXnW Series appliance is available in two versions-the two-core ZX4W11, which contains 900 GPUs, and the four-core ZX10W11, which contains 1800 GPUs-and is pre-loaded with libraries of more than 500 mathematical, statistical and financial algorithms.
"We put the GPUs next to the CPUs. GPUs can't issue commands to the database, but they can perform calculations all day as required by the CPU," says Dan Watkins, vice president of the vendor's financial institutions business. "CPUs shouldn't be doing millions of calculations - that's what ruins performance," Watkins says.
Both versions deliver significant speed improvements over purely CPU-based systems, officials say. Fuzzy Logix chief executive Partha Sen says the appliance can be used for pricing multi-asset portfolios or complex securities such as collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs), as well as market and credit risk analysis and stress testing, and ultra-low-latency technical analysis of trade and quote data.
"These will be able to replace blade farms at a fraction of the cost, and perform calculations in seconds, not minutes," Sen says. In fact, the appliances can run up to 12.6 trillion simulations across all equities and equity options inside one minute, Watkins adds.
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