The project provides access to both expertise and resources at the University of Surrey in Financial Grid computing, allowing CDO2 to innovate in the analysis it undertakes for its customers. CDO2 is already a pioneer in the use of Grid technology which gives it a competitive edge in markets in which US companies predominate.
This collaborative project, worth £160,000, will seek to strengthen CDO2's pricing and risk analysis technology by using university expertise in Grid computing. Dr Lee Gillam of the Department of Computing, leading the University’s input, has designed systems for analysis of financial data in previous UK and EU funded research projects. He has also specified, designed and built Grid computing systems.
CDO2 has been involved with the University of Surrey since it started offering industrial placements to students in the Departments of Computing and Mathematics early last year. Commenting on the latest partnership, Dr Gary Kendall, founder of CDO2, said, “We have been delighted to find the right balance of academic expertise and innovative spirit within the University of Surrey needed for this ambitious project. We are looking forward to welcoming Lee Gillam as a key member in our team to deliver a new class of financial analysis capability to our customers.”
The project, part funded by the Department of Trade and Industry’s Knowledge Transfer Partnerships (KTP) scheme, expects to appoint a recent graduate who will manage the project and act as a link between the company and the University. This graduate will also be given opportunities for professional development through the KTP scheme. More details on this position can be found at https://jobs.surrey.ac.uk.
The project will involve experiments that will make use of high-density blade servers featuring Intel® Core™ 2 Duo processors. These servers are soon to be commissioned in the University’s Department of Computing along with terascale storage capability. According to Head of Department Professor Steve Schneider, "The computational and collaborative capabilities afforded by the Science Research Investment Fund (SRIF) expenditure will assist in advancements in a range of scientific activities, and this KTP will be amongst the first to benefit".
The system is being provided by IBM, through Premier Business Partner OCF, courtesy of Science Research Investment Funds (SRIF). Nigel Woodward, Financial Services Director at Intel, commented, “Risk management, new modelling and analytics are a focus for our HPC activities at Intel. Working with CDO2 and research bodies we look to optimise the underlying compute infrastructure using our multi core processors and acceleration technologies such as grid, virtualisation and compilers raising the bar on the computational task which can be undertaken”
Tristan O’Dwyer, Research & Business Services Manager at the University of Surrey, says “The KTP scheme has been running for over 30 years now and continues to provide benefits for all involved. With the help of university expertise companies can meet challenges and take advantage of opportunities that help them grow, whilst Universities get to apply their research to ‘real world’ scenarios and develop further research opportunities. The scheme also offers fast track career development to talented graduates.”
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
A research team led by physicists at the Technical University of Munich (TUM) has developed molecular nanoswitches that can be toggled between two structurally different states using an applied voltage. They can serve as the basis for a pioneering class of devices that could replace silicon-based components with organic molecules.
The development of new electronic technologies drives the incessant reduction of functional component sizes. In the context of an international collaborative...
At the LASYS 2018, from June 5th to 7th, the Laser Zentrum Hannover e.V. (LZH) will be showcasing processes for the laser material processing of tomorrow in hall 4 at stand 4E75. With blown bomb shells the LZH will present first results of a research project on civil security.
At this year's LASYS, the LZH will exhibit light-based processes such as cutting, welding, ablation and structuring as well as additive manufacturing for...
There are videos on the internet that can make one marvel at technology. For example, a smartphone is casually bent around the arm or a thin-film display is rolled in all directions and with almost every diameter. From the user's point of view, this looks fantastic. From a professional point of view, however, the question arises: Is that already possible?
At Display Week 2018, scientists from the Fraunhofer Institute for Applied Polymer Research IAP will be demonstrating today’s technological possibilities and...
So-called quantum many-body scars allow quantum systems to stay out of equilibrium much longer, explaining experiment | Study published in Nature Physics
Recently, researchers from Harvard and MIT succeeded in trapping a record 53 atoms and individually controlling their quantum state, realizing what is called a...
The historic first detection of gravitational waves from colliding black holes far outside our galaxy opened a new window to understanding the universe. A...
02.05.2018 | Event News
13.04.2018 | Event News
12.04.2018 | Event News
24.05.2018 | Ecology, The Environment and Conservation
24.05.2018 | Medical Engineering
24.05.2018 | Physics and Astronomy