HPC + AI Wall Street Spotlights Cryptocurrencies, Infrastructure, More Posted on : Sep 14 - 2020

High performance computing has long been a driver of competitive advantage in banking and finance. Some of the first supercomputers deployed by industry were used to deliver fast analysis and decisive trading execution. Recently AI has entered the fray with equally high expectations. This month, the annual HPC on Wall Street conference, now expanded to HPC + AI on Wall Street, turns 20 years old and will again dig into technology innovation and deployment in the fast-moving world of ‘Wall Street’.

Now co-owned and produced by Tabor Communications and BluSky Consulting, this year’s HPC + AI on Wall Street will be a virtual conference, held September 15.

It’s worth noting that while the brutal pressure on financial industry execs to perform or suffer the consequences is widely-known, it’s less well appreciated that pressure on IT personnel within the financial industry is also intense. Tom Tabor, industry observer and CEO of Tabor Communications, captures the pressure succinctly:

“Most of the IT guys are under SLA (service level agreements) within their organizations. If the data does not move within sub 100 milliseconds, they’re fired or their bonus could be disrupted. So when they’re looking at high performance systems, it’s very personal because they are on the same SLAs as the vendors and consultants to deliver these solutions.”

Jem Pagán, long-time chair for the conference and CEO of BluSky, adds:

“When we talk about high performance, what we’re really talking about is risk mitigation against latency, workload execution and performance in the market. Because these market executions happen in sub-milliseconds, it’s critical to be in a first-mover position to take advantage of revenue opportunities, whether it’s an investment, or it’s a trade, or it’s a risk analysis, or running a lot of algorithms to try to figure out from a prescriptive analytics perspective, who’s going to do what in the market and how can they best position themselves to take advantage of it.” View More