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Mizuho Securities signs for IBM Cell Broadband Engine based blade servers

28 May 2008  |  3523 views  |  0 Source: IBM

IBM Japan(President and Chairman: Takuma Otoshi、NYSE: IBM)today announced that it has delivered the world's first application utilization in Financial Institutions of our Cell Broadband Engine (Cell/B.E.) based IBM BladeCenter QS series to Mizuho Securities Co., Ltd.

Mizuho Securities will utilize Cell/B.E. technology to enhance their new Financial Market AnalyticsExotic Derivatives Trading System currently under development for handling exotic derivatives.

As the volume and sophistication of derivative trading increases due to the globalization of the securities market, the need to handle sudden increase in data has become a necessity. Especially in the Financial Services Sector, data processing and analytics are required to be done in almost real-time. To cope with this change of market and further change foreseen for the future, Mizuho Securities has decided to installadopted our Cell/B.E. based Blade Server for their Financial Market AnalyticsExotic Derivatives Trading System. Mizuho Securities have evaluated their application on the Cell/B.E. based IBM BladeCenter QS series and concluded that it provided the most significant performance increase while meeting their requirements for precision.

Cell/B.E. is a multi-core processor with extreme computing capabilities that is suited not only for graphics rendering but also for heavy computational workloads that are widely used in Financial Institutions., The Cell/B.E based IBM BladeCenter QS series suits vast numerical calculations that are now heavily done in this area. In addition to this superior performance, it is highly energy efficient and as it is in the IBM BladeCenter family, it can be managed with the ease of our other Blades, housed in our BladeCenter Chassis to provide continuity in IT investment.

IBM Japan will support Mizuho Securities and FIXSTARS (CEO: Satoshi Miki), a company providing Cell/B.E. programming services, with the build and installation of the new Cell/B.E. based Exotic Derivatives Trading System.Mizuho Securities and FIXSTARS (CEO: Satoshi Miki), a company providing Cell/B.E. programming services., with the designing and the building of infrastructure for this new Financial Market Analysis system utilizing Cell/B.E. technolohhnology and its products.

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