Case study: BNP Paribas boosts computing power overnight by using the power of idle desktop PCs...
By Steve Ranger
Published: 31 January 2006 11:20 GMT
French bank BNP Paribas is saving money by connecting idle desktop PCs into a giant grid to boost its computing capability.
The bank's equity and derivatives division, BNP Paribas Arbitrage, is deploying Platform Computing's Symphony package to make use of the processing power of PCs that sit idle at night.
BNP IT manager Denis Esnault told silicon.com: "It's an economical reason - we have a lot of PCs which are doing nothing during the night. We have this free resource which we can use.
"The price of the [grid software] licence is quite cheap compared to the cost of buying [more] computers. The price is something very important for us - if it's not cheaper there's no economic value to doing it with the PCs."
Using the PCs in a grid at night doesn't have an impact on them in the day, he said: "We don't send calculations in the day."
At the moment the bank is getting 6,000 computing hours out of 700 machines which would have otherwise stood idle, and hopes to extend the grid further to operations in Hong Kong, New York and Tokyo.
Platform said the PC grid could be extended out to 2,000 desktops, and the Symphony software will also be used with 500 servers to further boost BNP Paribas' processing capacity.
The grid will be used to help calculate Value At Risk (VAR) calculations for the Equities and Derivatives market.
Platform Computing said that on average, financial services organisations have 20,000 desktop PCs running at only 10 per cent capacity.
Not quite free. The computers will be using signif...
Simon
I guess power switches were an optional extra and ...
Allan
when there is more computing operations in banking...
M.vamshidhar Reddy
The role will involve doing greenfield work on a credit derivatives platform within the back/middle office. For the role you must have a solid track ...
I have an immediate requirement for a skilled Business Analyst to play a pivotal role in the expansion of a Back Office Derivatives Trade Processing ...
My client is an investment bank in the City, who are looking for a C++ grid specialist. As a minimum requirement you must have very strong experience ...
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