finance & investment

Another Nick Leeson

A friend of mine told me an interesting story. A trader in bank X tried to make a profit, building a private portfolio with some new financial product and using bank's money. Apparently, he abused his position and connections within the firm in order to do so. The sad part of the story is, that he ended up playing against bank Y and loosing half of the cash. Obviously, he wasn't an exceptionally bright trader and also no proper pricing model was available for that particular product/portfolio.

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FPGA - extreme computation performance for finance

Abstract

High performance computing in financial and other industries is constantly challenged by growing demand for faster results and larger volumes of data to process. FPGA - specially designed hardware units - through their ability to execute complex tasks in parallel - can substantially increase the throughput of systems and reduce data centre load. For many popular tasks a couple of machines with FPGAs on-board can replace a cluster of 50+ nodes.

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