Going Green
TRADING TECHNOLOGY
As financial firms around the globe rely more heavily on algorithms and black-box trading to execute trades in milliseconds, the demand for processing power is exploding.
There are two trends at work, says Bill Mew, UK advocacy and communications manager for IBM's financial services sector. "On the one hand, trading banks can't afford to miss the boat on algorithmic trading and they are requiring more and more horsepower to do it," he says. "On the other hand, power consumption is going through
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