Sophis said it established a partnership with a cluster, grid and cloud management software firm, to help investment managers disribute "resource-hungry" calculations such as risk simulations.
The online services delivered in conjunction with Platform Computing identify available resources and spread calculations among them.
In one test involving over-the-counter structured products, a calculation involving 270 historical scenarios involving Value at Risk calculations took four hours using 300 computing devices and 90 minutes using more than 800 devices.
The test involved 32,000 positions, in multiple types of financial instruments.
The companies said there was "no apparent limitation" on the system's ability to harness available computing capacity.
Sophis and Platform carried out their benchmark test at IBM’s Product and Solution Support Centre in Montpellier, France during July. The testing was run on on the IBM Power 750 server, IBM XIV Storage System, IBM System x3850 M2 enterprise server and IBM BladeCenter HS22 blade server.
“By speeding up calculations using a grid approach," said Samer Ballouk, head of Product Management and Business Development at Sophis, customers "can introduce an intra-day VaR calculation, for example, and comply with the latest guidance on risk management and reporting.”
