14 DAY TRIAL // A combination of Microsoft Office Excel and Microsoft Office SharePoint Server built upon a Windows Compute Cluster Server 2003 high-performance computing cluster will become the standard platform for commercial transactions.
The solution was presented at SIA Technology Management Conference & Exhibit in New York on a HP Cluster Platform 4000 and relies on the omnipresence of Microsoft Office Excel documents in today's financial institutions. This is equivalent to Excel spreadsheets serving as front-end interface based on Windows Compute Cluster Server 2003 as a back-end analytic engine.
"Securities firms have long been concerned about spreadsheet creep, particularly in today's compliance-oriented environment," said Louise Westerlind, analyst in the securities and investments group at Celent LLC. "Microsoft and its industry partners are in a prime position to solve this problem by combining an Excel front end with a high-performance-computing back end to help brokers unleash the full power of algorithmic trading."
"The banking group at Consorzio Operativo Gruppo MPS is currently evaluating Windows Compute Cluster Server 2003, with the help of Microsoft and Avanade, to implement financial Monte Carlo simulations. We believe that Microsoft technology presents clear advantages in terms of implementation and skills utilization," said Piero Poccianti, head of planning and strategic development at Consorzio Operativo Gruppo MPS.