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have a need for speed. A most poignant phrase for Intel's Nehalem (Xeon 5500) Processor Series. Earlier this week with great fanfare Intel launched their new Xeon 5550 Processor at the NASDAQ MarketSite Tower in New York.
It was a spectacular event with mammoth displays, videos,
demonstrations, guest speakers and a grand crowd enjoying the sights,
and of course the abundant refreshments. I had the privilege of a
front-row seat during the keynote from Sean
Intel's Executive VP for Sales and Marketing. In that keynote
presentation Sean spoke of the vast performance gains Intel has
attained with the Xeon 5500 processor over previous generations in
performance yet with lower power consumption. The
thrust of Sean's address was to stress the relevance of the Xeon 5500
to Wall Street.
To showcase this relevance Intel chose a few of their key partners to
be part of this keynote presentation, the Apama CEP
Addition and Thomson
Sean, with the assistance of his colleague Adam
the demonstrations themselves in front of a crowd of about 200+ Wall
Street dignitaries and a crew from the press. I had that front row seat
to answer any follow on questions stemming from the demonstrations.
To showcase both the Apama CEP platform and the Intel Xeon 5500
Processor, which we did in two distinct demonstrations for Sean, we
wanted to highlight the scalable architecture of the Apama platform
with something that is near and dear to Wall Street - profit.
For the first demonstration, we took one of our standard
high-frequency, alpha-seeking strategies (Statistical Arbitrage),
scaled it to 1600 instances across 16 threads on 8 cores. During the
demonstration market data was piped into all 1600 instances
at a whirlwind pace, measuring the throughput and monitoring
overall P&L. This of course was done on both the new Xeon 5500
(code-name Nehalem) and the previous generation of processors, Xeon
5400 (code-name Harpertown). A visual of the side-by-side
comparison was watched live by the crowd on dashboards which I've captured below:
Xeon 5400 (Harpertown)
showing the baseline of the performance benchmark for a high-frequency
Trading Strategy (Stat-Arb)
Xeon 5500 (Nehalem) showing the
improvements achieved in Profit and Throughput for a high-frequency
Trading Strategy (Stat-Arb)
improvements achieved by the Nehalem processors are more than doubling
of throughput (2.31 vs. 1.01) and a greater profit margin ($15,688,647
vs. $7,504,386). The increased profit was achieved through an increase
in the number of arbitrage opportunities due to greater throughput. All
this across the same market data over the same time span.
The second demonstration Sean and Adam presented was the Apama Smart
Order Router which was also run on both processor generations (Nehalem and
Harpertown) showing the performance gains in Order processing
achievable by the Nehalem processor technology.
With the most recent
version of the Apama CEP product,
we've provided not just a scalable platform but a complete
which has always been our vision. One of scalability and
We offer tooling for developers and analysts alike. The Apama platform
includes a full-fledged event processing language (EPL), dashboard
designer and graphical modeling tools. Yet we've not ignored
java developers out there, we support a java language binding to our
CEP engine that can play along side our EPL and modeling tools.
Behind that scalable CEP engine, it's connectivity that makes a
real, thus we provide over 50 adapters to market data, order and
execution venues, and standard databases and message buses.
Intel also did a UK launch of the Nehalem in London on April 1st, the
day after the New York launch where my colleague Gareth Smith, the
Apama Product Manager was a panelist. He spoke on our experiences
partnering with Intel over these past few months.
Nehalem is truly a remarkable
Intel, in fact they've
publicly stated it's the most significant processor achievement since
the Pentium Pro release back in 1995. I was proud to be part of this
significant event and its possibilities for Apama, the CEP industry and
Capital Markets. After the main speaking engagements I spoke with
numerous people equally exuberant. As I've often said, in Capital
Markets we're on a race to the micro-second. We've just edged a bit
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