Supercomputer Bankers

Speeding Up Financial Analysis

http://www.technologyreview.com/printer_friendly_article.aspx?id=22463&channel=computing§ion=

"Now IBM has shown that stream computing can be used to analyze market data faster than ever before. The result is a machine that helps automated trading systems determine the price of securities using financial events that have just occurred. To build the system, the computing company partnered with TD Securities, an investment-banking firm, to tweak IBM software called InfoSphere Streams for financial data. The firm ran the software on one of the latest IBM supercomputers, known as Blue Gene/P."

Video on Youtube: http://www.youtube.com/watch?v=mri7cha8ziw

Lehman's Uranium

"“What people found out is that this is not like playing copper where it’s a liquid and deep market,” Wong said. “A lot of the funds playing this market have blown up.”

Well said.

"The bankrupt bank, in the throes of paying off creditors, acquired uranium cake “under a matured commodities contract” and plans to sell it when the market improves “to realize the best prices,” Chief Executive Officer Bryan Marsal said. "

http://www.bloomberg.com/apps/news?pid=20601103&sid=aVgwamEW_98I&refer=news