18 December 2017
visit http://response.ncr.com

Algorithmics to release Linux version of Algo Suite

03 July 2003  |  3588 views  |  0 Algorithmics to release Linux version of Algo Suite

Toronto-based Algorithmics says it has completed performance testing on a Linux version of risk management system Algo Suite and plans to release the product by the autumn.

The benchmarking exercise used a distributed computing version of Algo Suite and the vendor's Mark-to-Future framework to utilise clusters of machines running a heterogeneous environment for Linux and Solaris operating systems.

The product completed its largest test of approximately nine billion valuations and 19 million exposure calculations on a Linux cluster of Intel Xeon 2.8 GHz CPUs running Red Hat Linux 7.3 in just over four hours. The final risk reports calculated the mean exposure and 95% exposure for each position and portfolio.

The vendor says the results show that Algo Suite on Linux provides improved speed and scalability and would allow clients to add additional computing resources without further implementation or configuration.

The new product will use DataSynapse's grid computing platform, LiveCluster 3G, which supports distribution of Algo Suite simulations through an adaptive scheduling mechanism. Algorithmics says it has also partnered other hardware providers for development, testing and certification.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.niceactimize.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11159 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9815 views comments | 20 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7704 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7304 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7251 views comments | 5 tweets | 11 linkedin

Featured job

London, UK (or flexible)

Find your next job