Quoting IT PRO

Grid computing research is getting a £160,000 boost at the University of Surrey, from London-based financial services firm CDO2 and the Department of Trade and Industry's Knowledge Transfer Partnership (KTP) scheme.

The three-year program will see the university and CDO2 team up with the university to create new pricing and risk technology uses for grid computing - computer models which distribute processing across parallel infrastructure, helpful when dealing with large amounts of data.

"With the help of university expertise, companies can meet challenges and take advantage of opportunities that help them grow, while universities get to apply their research to real world scenarios and develop further research opportunities," said Tristan O'Dwyer, research and business services manager at the University of Surrey.

The project's experiments will use Intel Core 2 Duo-based high-density blade servers. "Risk management, new modelling and analytics are a focus for our high-performance computing activities at Intel," said Nigel Woodward, financial services director 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."

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