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Press Release
Tokyo, Japan; 30 May, 2008 --- Fixstars Corporation (“Fixstars”) announced today that it has succeeded in accelerating the exotic derivatives trading system of Mizuho Securities Co., Ltd. (“Mizuho Securities”) by utilizing the computational powers of the Cell Broadband Engine™ (Cell/B.E.). Mizuho Securities expects more than 10 fold improvement in processing performance by using the Cell/B.E. system compared to the existing exotic derivatives trading system, and the new system will be introduced in its daily operations.
In financial institutions, data volume has been continually rising in various fields led by derivatives and risk calculations, and algorithmic trading for automation, which in turn demands faster and more efficient data processing. Cell/B.E. has superb computational capabilities which are well suited to accelerating financial modeling calculations. System utilization is maximized with software technologies designed to take advantage of Cell/B.E. capabilities, porting of existing programs into parallel or distributed systems, and robust middleware that is absolutely necessary to handle various usages and demands placed upon the system. Fixstars specializes in programming for the Cell/B.E. platform, and we fully utilized our in house resources to drastically reduce the execution times of the Mizuho Securities exotic derivatives system calculations by maximizing the capabilities of the Cell/B.E. platform.
“We are extremely pleased that Mizuho Securities, an industry leading financial institution, has chosen us as the partner to lead the way in Cell/B.E. development.” said Satoshi Miki, CEO of Fixstars. “We are hopeful that the Mizuho Securities business experiences further acceleration by introducing the Cell/B.E. system into their daily operations.”
This system acceleration was made possible by the use of system infrastructure consisting of IBM Japan Cell/B.E. based IBM BladeCenter® QS series. Fixstars will continue to offer development support to Mizuho Securities to speed up execution times of their financial computation systems.
About the Cell Broadband Engine™
Cell Broadband Engine™ is a microprocessor jointly developed by SONY, Toshiba, and IBM. It is a multi-core chip containing the 64-bit Power processor core and multiple, independent SIMD processor cores. This architecture makes real-time multimedia processing possible, which enables this chip to be used not only in next generation electronics and computer entertainment systems, but also in many other fields such as science and technology simulation systems. Currently PLAYSTATION®3 and the IBM Blade Servers use the Cell/B.E.
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Ikuko Hasumi, Manager, Public Relations
Fixstars Corporation
press@fixstars.com
TEL: +81-3-5781-5001
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