ABSTRACT

Computer technology has become an essential driver for the financial industry in almost all of its areas. Advances in hardware and software technology, novel numerical methods, financial models, and algorithms have made computers a key technology that became essential for all financial institutions. High-performance computing (HPC) systems are widely used to price financial products or to quickly calculate the risk of complex portfolios. Often, the available computational power determines the types of problems that can be practically solved. Being able to handle a more complex problem or to obtain the results faster than all other organizations directly translates into a competitive advantage.