Real world, real successes in the february 2013

IBM is the industry-leading supplier of
grid solutions, services and expertise
to the scientific and technical communities,
as well as to the financial
services sector. Leveraging its considerable
experience in implementing
commercial grids worldwide, IBM has
created targeted grid offerings customized
to meet the unique grid computing
needs of the financial services
industry. IBM Grid Computing is currently
engaged with more than 20
major financial institutions in North
America, Europe and Japan, and
more than 100 organizations
worldwide.
Wachovia worked with IBM and
DataSynapse to enhance the processing
speed of trading analytics in
the financial services company’s fixed
income derivatives group. Before
implementing a grid solution, profit
and loss reports and risk reports took
as long as 15 hours to run; now, grid
solution in place, Wachovia can turn
around mission-critical reports in minutes
on a real-time, intraday basis.
Moreover, trading volume increased
by 400 percent, and the number of
simulations by 2,500 percent. As a
result, the group can book larger,
more exotic and more lucrative trades
with more accurate risk taking.