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The International Monetary Fund (IMF) is implementing high-performance grid computing to cope with the increasing demand for risk analysis and financial modelling scenarios.

The improvements in the IMF platform are intended to boost performance and efficiency of complex financial applications in a cost-effective manner. Such models rely on simulations that were previously run on individual workstations and servers, which stalled productivity due to the resulting latency and computation run-time.

Increasing workloads and the limitations of the current set-up prompted the institution to adopt the on-demand high-performance computing system, which is hoped to provide a tenfold boost in processing time for economic modelling computations.

Under the new system, complex economic computations are distributed across under-utilised smaller computers within the IMF network, allowing calculations to complete faster and in a more predictable fashion.

Grid/HPC solutions are becoming ever more appropriate in current economic conditions whether it’s to provide a more efficient platform for computing requirements, as well as those risk analytics or pricing applications for knowing your trading positions. An interesting read, do check it out.

Getting the application compatible with grid/hpc solutions isn’t necessarily the challenge, it’s managing user expectations on delivery and support, managing the concept of ownership, reporting on usage, and maintaining a unified voice for grid technology. The benefits in grid technology can be significant and impressive, in one organization they had reduced their end of day analysis from 16 hours to 2 hours, which allowed traders, and back office staff to know their position and price more effectively, something which once deployed and working in the right way which can be much more valuable than just in financial terms, knowing your position, being confident in your deals, your revenue can transform the way you do business.

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