SciComp Slashes Development Time and Automates Acceleration of Pricing Models with the GPU

September 16, 2008 -- Trading in over-the-counter financial derivatives is a high-risk, high-pressure venture. SciComp, an Austin, Texas-based company, has a high-tech derivatives software solution to shorten the development time and accelerate the performance of Monte Carlo pricing models. The company has enhanced SciFinance®, its flagship product, to deliver accurate NVIDIA® CUDA™-enabled derivatives pricing models that run up to 100 times faster than serial code. More significantly, this speed up can be achieved without any additional work or hand programming which, in a market where a slight delay or inaccuracy can end up costing millions, is a critical advance.

The key to this speedup is reliance on the graphics processing unit (GPU) for the calculations. A GPU is a many-core (up to 240 cores in the latest models) parallel processor that can run parallel applications many times ...   more »