From NVIDIA: 2024-05-31 11:00:58

After the financial crisis in 2008, Pierre Spatz of Murex anticipated banks would focus on reducing computing expenses. Murex’s team is now trialing the NVIDIA Grace Hopper Superchip, aiming to help customers manage credit and market risk exposures for derivatives contracts globally with their MX.3 platform.

Murex’s MX.3 platform assists financial institutions with trading, risk, and operations across asset classes in 65 countries. The platform provides coverage for credit and market risk, BASEL capital standards, and XVA, offering faster calculation and power savings with the NVIDIA Grace Hopper Superchip.

Murex has been testing Grace Hopper on the MX.3 platform for XVA calculations and pricing evaluations on various asset classes. Grace Hopper has been proven to offer faster calculations and significant power-saving efficiencies compared to CPU-based systems, making green IT a reality in the trading world.

Murex utilized their latest stochastic local volatility model to price FX barrier options on Grace Hopper, noticing impressive performance improvements compared to Intel Xeon Gold 6148. Pricing options with MX.3 on Grace Hopper is 2.3x faster, offering significant power efficiencies on a watts-per-server basis for FX barrier calculations.

NVIDIA’s Grace Hopper Superchip is driving energy efficiency and cost-saving for high-performance computing in quantitative analytics for capital markets, Murex highlights. The platform showcases significant improvements in speed, performance, and power efficiency for pricing evaluations and risk calculations.

Learn more about NVIDIA AI solutions for financial services and how Murex is utilizing the latest technologies for risk management and analytics in the trading world.



Read more at NVIDIA: NVIDIA Grace Hopper Superchip Accelerates Murex MX.3 Analytics Performance, Reduces Power Consumption