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Primeur weekly 2019-05-13

Exascale supercomputing

AMD EPYC CPUs, AMD Radeon Instinct GPUs and ROCm Open Source software to power world's fastest supercomputer at Oak Ridge National Laboratory ...

U.S. Department of Energy and Cray to deliver record-setting Frontier supercomputer at ORNL ...

Cray pursues advanced research with DOE for exascale systems ...

CAAR accepting application team proposals for Frontier system ...

Quantum computing

Computing faster with quasi-particles ...

Quantum computing with graphene plasmons ...

Focus on Europe

ELIXIR and GA4GH expand collaboration ...

Netherlands eScience Center labeled "Center of Excellence" by international review committee ...

HPC stakeholders in Europe get together at EuroHPC Summit Week 2019 ...

Middleware

DDN announces intent to acquire Nexenta, a market expert in Software-Defined Storage for 5G and IoT ...

Hardware

Austria's Central Institution for Meteorology and Geodynamics improves weather nowcasting with Cray AI solutions ...

Cray reports first quarter 2019 financial results ...

CoolIT Systems announces liquid cooling solution for Intel Server System S9200WK ...

Hewlett Packard Enterprise integrates BlueData to accelerate Artificial Intelligence and data-driven innovation in the enterprise ...

Intel previews design innovation: 10nm CPU ships in June and 7nm product in 2021 ...

WekaIO Matrix selected by Mellanox Technologies to accelerate EDA workloads ...

Applications

King's College London and NVIDIA build UK's first AI platform for NHS hospitals ...

Quantum sensor for photons ...

Comet-enabled simulations showcase black holes and their magnetic bubbles ...

Ultra-secure form of virtual money proposed ...

Shaping the future of finance with HPC ...

NCSA scientist employs supercomputer simulations in Ohio gerrymandering case ...

Superfacility framework advances photosynthesis research ...

The Cloud

Supermicro introduces open private Cloud solutions based on new Red Hat Enterprise Linux 8 ...

NetApp powers data-driven organisations to succeed ...

Shaping the future of finance with HPC


6 May 2019 Urbana-Champaign - NCSA Faculty Fellow and Assistant Professor at the Gies College of Business at the University of Illinois Mao Ye's research lies at the intersection of Big Data, high-performance computing and the economics, and finance realm. Using computing resources, Mao Ye tackles large amounts of data currently being collected by companies and finance institutions.

"The high-performance computing is more like a tool", he stated, "because we are basically doing big data research."

As a member of the National Bureau of Economic Research (NBER), Mao Ye - together with his colleagues Alex Chinco and Adam Clark-Joseph - plans to spread the word about high-performance computing tools to researchers in finance.

To illustrate the impact high-performance computing can have on financial research, Mao Ye pointed to a project he undertook with researchers from the University of Warwick and Cornell University that eventually brought about changes in U.S. trading reporting policies. Mao Ye and his co-researchers were examining odd-lot trades, those that were for less than 100 shares. Originally, odd-lot trades were not reported for the daily Trade and Quote (TAQ) database - which contains transaction data stocks listed on the New York Stock Exchange (NYSE), American Stock Exchange (AMEX), and Nasdaq. It was assumed that such small quantities were made by small-time traders and therefore would not provide enough information about trends and share pricing.

However, by studying the vast quantities of transaction data using computing, Mao Ye and his team showed that the median trade size on the Nasdaq was at 100 shares, indicating that there was a large number of odd lot trades taking place. Thousands of small quantity trades were being conducted by computers that were able to make of trades in fractions of a second. Because of this research, which was published in The Journal of Finance , the U.S. Securities and Exchange Commission reduced the reporting hurdle from 100 shares to 1 share. High-performance computing was essential to accomplishing this research.

Other distinctions that Mao Ye has received for his research and teaching include the 2015 Professional MBA Teaching Excellence Award from the College of Business at Illinois, and the 2016 University of Illinois Educator of the Year recognition from the University of Illinois Student Alumni Ambassadors. In 2013 he was also named a Domain Champion in economics by the NSF-funded Extreme Science and Engineering Discovery Environment (XSEDE) programme.

Source: National Center for Supercomputing Applications - NCSA

Back to Table of contents

Primeur weekly 2019-05-13

Exascale supercomputing

AMD EPYC CPUs, AMD Radeon Instinct GPUs and ROCm Open Source software to power world's fastest supercomputer at Oak Ridge National Laboratory ...

U.S. Department of Energy and Cray to deliver record-setting Frontier supercomputer at ORNL ...

Cray pursues advanced research with DOE for exascale systems ...

CAAR accepting application team proposals for Frontier system ...

Quantum computing

Computing faster with quasi-particles ...

Quantum computing with graphene plasmons ...

Focus on Europe

ELIXIR and GA4GH expand collaboration ...

Netherlands eScience Center labeled "Center of Excellence" by international review committee ...

HPC stakeholders in Europe get together at EuroHPC Summit Week 2019 ...

Middleware

DDN announces intent to acquire Nexenta, a market expert in Software-Defined Storage for 5G and IoT ...

Hardware

Austria's Central Institution for Meteorology and Geodynamics improves weather nowcasting with Cray AI solutions ...

Cray reports first quarter 2019 financial results ...

CoolIT Systems announces liquid cooling solution for Intel Server System S9200WK ...

Hewlett Packard Enterprise integrates BlueData to accelerate Artificial Intelligence and data-driven innovation in the enterprise ...

Intel previews design innovation: 10nm CPU ships in June and 7nm product in 2021 ...

WekaIO Matrix selected by Mellanox Technologies to accelerate EDA workloads ...

Applications

King's College London and NVIDIA build UK's first AI platform for NHS hospitals ...

Quantum sensor for photons ...

Comet-enabled simulations showcase black holes and their magnetic bubbles ...

Ultra-secure form of virtual money proposed ...

Shaping the future of finance with HPC ...

NCSA scientist employs supercomputer simulations in Ohio gerrymandering case ...

Superfacility framework advances photosynthesis research ...

The Cloud

Supermicro introduces open private Cloud solutions based on new Red Hat Enterprise Linux 8 ...

NetApp powers data-driven organisations to succeed ...