Blade Watch

http://www.computerweekly.com/Articles/2007/01/30/221464/merrill-lynch-on-the-grid-in-race-to-speed-up-apps.htm

Merrill Lynch has developed an enterprise computing grid that allows it to run applications 800 times faster than previously by putting to work the power of disaster recovery servers and other under-utilised resources.

The investment bank plans to use the grid…

… to run simulations and risk analysis for high value derivatives trades. Ten applications are currently being run, but the bank plans to have 30 running by the end of the first quarter of 2007.

How fast crucial calculations can be made has a material impact on profitability. “If you are looking at a £200m deal and it takes 600 hours to run the calculations, you need to get this down to an hour,” said Juan Lando, who heads up the grid centre of expertise at Merrill Lynch.
Another example of how grid technology is being used in the commercial world, Merrill Lynch seem to be using the technology very efficiently, it’s very impressive, and discusses the business implications of grid.

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