25 February 2018
visit www.ebaday.com

SunGard trumpets Ambit Risk & Performance benchmark results

01 October 2009  |  1918 views  |  0 Source: SunGard

SunGard's Ambit Risk & Performance solution has achieved a 30% increase in computational performance in a series of benchmarking tests conducted with Intel.

The tests were conducted in December 2008 and January 2009 on Intel's new Xeon® 5500 series (Nehalem) servers, at SunGard's Grid Computing lab in Boston, MA.

Scalability and performance are critical to successful risk management. Usually the more risk variables a system can model, the more accurate the predictive results. Yet more variables can lead to greater processing time. Therefore in the past many risk professionals have chosen to run simpler models with shorter processing times. With grid computing, however, solutions such as Ambit Risk & Performance can run complex models with more variables, giving accurate results in less processing time.

SunGard and Intel have been working on distributed computing with Ambit Risk & Performance in a grid environment since 2007. The 30% increase in computational performance came when the Ambit solution was implemented across a 96-core grid of Intel Xeon 5500 series servers. The percentage increase is taken in comparison to previous benchmark studies.

Paresh Pattani, director, software and services group, Intel, commented: "Running risk simulations 30% faster without the need for code changes can lead to a competitive advantage. In these SunGard tests, the Intel microarchitecture, codenamed Nehalem, has demonstrated its ability to deliver improved performance and power efficiency for financial services applications."

Andrew Chang, chief technology officer for SunGard's Ambit business unit, commented: "Today, risk professionals want to perform ever more complex stochastic modeling, and they want to see the results even faster. It is therefore critical that solutions like Ambit Risk & Performance - which covers asset & liability management, market risk, credit risk, operational risk and economic capital - can harness grid computing to continually improve performance. We are very pleased with these latest results."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comVisit http://info.nice.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12662 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10829 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9326 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8688 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8629 views comments | 11 tweets | 14 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job