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Grid Computing in Financial Services
November 30, 2006
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The conference again demonstrated Xtalks unique brand of interactive information—combining the in-depth nature of industry conference (comprehensive content, business leaders, expert opinion, and in-depth analysis) with the speed, recency and frequency of daily news in capturing breaking issues.

Eric Kristoff, pioneered the introduction of

Eric Kristoff of UBS, Stevan Viditch of Microsoft’s financial services group and John Powers founder of Digipede Technologies discussed grid computing strategies for the financial services industry addressing an international audience of IT technicians, strategists and media reporters at a web conference on Grid Computing in Financial Services held by Xtalks (xtalks.com) on November 30.

Eric Kristoff, pioneered the introduction of UBS’s eCommerce systems in the 1990s, is co-inventor of patented instant messaging technology, and has led the effort in forging UBS’s grid computing strategy. He discussed the benefits of computational grids including how to deliver greater agility and efficiency to business processes. With specific reference to real-world examples Kristoff described how to harness more computer capacity from high performance parallel computing systems, focus resources on business functionality, improve hardware performance and realize greater value for money. Drawing on his experience with UBS dating back to 1996, Kristoff also explained how to overcome barriers to adoption with homegrown systems.

Stevan D. Viditch is Microsoft's Industry Architect for US Capital Markets.  He is responsible for developing Microsoft's technology strategy and for the last 8 years has focused exclusively on software development, architecture, and technology strategy in financial services. Viditch provided an overview of high performance computing (HPC) including Microsoft’s technologies related to this field. Viditch also highlighted the significant cost decrease from an early 1990s system costing $40 million to today’s $4,000 system that provides the same computational performance.

John Powers, an economist with more than two decades of entrepreneurial experience, is the founder of Digipede Technologies, which delivers Microsoft compatible grid computing software for financial services customers. Powers outlined the ways grid computing is making a difference for his customers in the financial services industry.

Kristoff, Viditch and Powers exchanged views between themselves and amongst audience participants who interacted through live Internet chat. In response to a question about converting IT processes over to a grid computing environment, Viditch suggested grid computing solutions prove particularly useful in support of websites, particularly where computer intensive applications are subject to uncertain loads from outside the business, Kristoff added that operations involving large amounts of data such as text mining and searching can benefit from the added computational power that grid systems provide. Other questions prompted discussion on virtualization and software integration.

The conference again demonstrated Xtalks unique brand of interactive information—combining the in-depth nature of industry conference (comprehensive content, business leaders, expert opinion, and in-depth analysis) with the speed, recency and frequency of daily news in capturing breaking issues. Through telephone and web functions, Xtalks participants can interact live with speakers, news makers, and business leaders and make an impact on the discussion.

To listen to the Xtalks web conference click here.

 
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