JP Morgan expands deployment of FPGA-based supercomputer

December 16, 2011 | Source: Computerworld UK

JP Morgan is expanding its use of supercomputers with Field-Programmable Gate Array (FPGA) technology (allows for customized the chip functions for specific tasks) with a new supercomputer that will be equivalent to more than 12,000 conventional x86 cores. It will provide 128 teraflops of performance, allowing for computing orders of magnitude more quickly and better managing complex trading risks — reducing hours of calculation to seconds.