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IBM Pitches EC12 Mainframe at Big Data, Cloud Apps

The result of more than $1 billion in R&D, IBM has introduced its latest System z mainframe, the EC12 – and it is pitching it at enterprise data and cloud applications.  The mainframe is based on IBM’s proprietary chips, featuring 32 nanometre designs and running at 5.5GHz.  Also included is transactional memory, a variant of…

Hibernia Connects to Amazon Cloud

Hibernia Atlantic is connecting its global network into Amazon’s AWS cloud platform, via the latter’s AWS Direct Connect facility, which provides higher bandwidth and possibly lower costs, compared to internet connectivity. AWS Direct Connect is available at several Amazon platform instances, including those in New York City, Virginia, California, plus London in the UK and…

Q&A: August’s Low Down on Latency with Pete Harris

Continuing the monthly Q&A where I cover some of the questions I get asked as I interact with the IntelligentTradingTechnology.com community … from Knight Capital to Correlix to wireless. Q: How much was low latency technology to blame for the huge trading loss at Knight Capital? A: Blame?  Not at all in my book. For…

Big Data – The Other Side of Low Latency

We write a lot here about the latency of moving data from point A to point B. But latency is also inherent in the processing of that data at points A and B. Most likely, the processing of data is a more complex undertaking than transporting it. And that’s where big data comes in. For…

Infochimps Rolls Platform Update; Adds Realtime, Streaming Capabilities

Infochimps has released version 1.1 of its cloud-hosted Big Data Platform, adding the capability to connect to streaming data.  The updated Data Delivery Service – based on Apache Flume – allows the platform to connect to enterprise data sources via either out-of-the-box or custom-developed connectors.  Within the DDS is the ability to process data streams,…

Big Data in Financial Services – Opportunity or Cost?

By John Bantleman, RainStor www.rainstor.com We recently hosted a dinner in New York City with 20 technology executives focused on big data in banking and financial services.  I found the event insightful, so I thought it would be interesting to share some of the perspectives from those who attended. The first (and close to my…

Cloud Platforms Gain Traction in Low-Latency Trading

Cloud platforms – once viewed as suitable only for middle- and back-office operations – are being increasingly adopted to support the front-office. While cloud remains a much overused buzzword, true cloud technologies are now delivering the kind of performance required for low-latency trading, and offer mechanisms to marry business return to technology investment. This topic…

Winning the Big Data Race for Trading Communication

By Paul Metcalfe, Orange Business Serviceswww.orange-business.com Big data is increasingly becoming a key concern for technologists, especially with the recent introduction of recording for voice and SMS on mobile phones for trading activities in the UK.  As additional voice recording requirements contribute to the growing repository of data firms have to hold to comply, the…

Dell/RainStor Partner For Big Data Storage and Analysis

Dell has partnered with big database vendor RainStor for its Dell Big Data Retention solution, which acts as data repository for large datasets, either to support analytics, or as long-term archiving.  For the financial markets, the solution is being pitched at firms needing to process large quantities of time series, transactional or unstructured data, or…

Amazon Taps SSDs For High Speed Storage and Analytics

Amazon Web Services has introduced High I/O instances for its EC2 compute cloud, leveraging solid-state disks (SSDs) to speed up storage I/O. The SSDs can deliver 120,000+ read and 80,000 write operations per second. Although pitched at companies providing consumer apps, such performance would help to make AWS more attractive to running financial analytics, perhaps…