Investment bank races apps around the grid

Banking giant Merrill Lynch is using grid technologies to boost the performance of its applications, with some now running four times faster than before. Juan Lando, director of the company's grid centre of expertise, said grid is a technology with "tremendous amounts of benefit" for the business. Grid allows companies to get more use out of their existing hardware. For example, a business might hit four or five peaks in demand for computing power in a day, and so would buy enough processing power - hardware - to make sure it could cope with those peaks. But that could mean a lot of spare capacity sits unused most of the time. Grid allows organisations to share that computing power - both in servers and desktops - and so reduce that waste. silicon.com Financial Services Get the latest financial services news straight to your inbox.

Read More