High-Performance Hybrid Cloud for Financial Services Simulations and Modeling
Critical Performance When It Matters Most
Today’s financial markets are more competitive than ever. This environment requires middle office financial services IT to run more high-core count applications quickly to make decisions and move on. Existing data centers, while robust, can easily become crippled during peak periods.
Run More on Your Infrastructure
With a high-performance caching file system, you can run larger quantities of models and simulations on your existing infrastructure. Avere separates performance from capacity, which relieves your network attached storage (NAS) from serving the hottest data to feed your simulations, modeling, and analytic workflows.
Use Multiple Cloud Computing Resources without Moving Your Data
The industry is quickly recognizing cloud computing as a way to expand processing power without replacing or growing owned infrastructure, a must to keep capital expenditures minimized. To leverage these efficient resources, Avere’s high-performance caching file system supports multiple cloud partners and allows access to on-premises data, which translates into improved analytics and capacity when and where you need it.
Focus Your Spend on What Matters Now
Capital investments in infrastructure and operations make less and less sense as the market remains volatile. Cloud computing puts IT in control of spending to deliver results when needed. Avere Hybrid Cloud NAS provides an unprecedented level of flexibility and performance to get results while optimizing existing resources.
High-Performance Caching File Systems for Efficient Cloud Access and NAS Optimization in Pricing and Risk Analysis Computing
Run high I/O workloads in the cloud without moving quantitative models (quant models) from on-premises storage, reducing risk and easing data management. During peak times of financial analysis, moving quant models is difficult, as data continues to be written locally as models are used for analysis. With Avere Virtual Edge filers (vFXT), financial workloads dependent on a file system can get unlimited compute power in the cloud without disturbing models and keeping the simplicity of managing only on-premises versions.
Avere Hybrid Cloud NAS not only puts cloud computing resources within easy reach of your storage, it also provides a cloud storage gateway between public or private object storage and your traditional NAS environment. Easily introduce hundreds of gigabytes to many terabytes of daily market data to the most complex models demanding thousands of compute nodes without sacrificing performance. Avere storage tiers operate seamlessly between compute farm nodes and existing storage to deliver high performance for heavy read workloads.
Proven Results with Unmatched Performance
Avere presents a standard file format for a simple path from financial model creation to complex risk analytics. With Avere and a preferred cloud provider, model data is cached in the cloud while your full model data remains in your on-premises filers. From quant development to Monte Carlo simulations, workflows can be dynamically deployed into cloud compute, scaling to tens of thousand of CPU cores.
When compared to costs of expanding infrastructures to gain performance or process in an owned data center, the Avere Hybrid Cloud NAS solutions saves financial services running their own pricing and risk analysis computing millions in capital expenses, maintenance, and operations.
Avere Use Cases for Financial Analytics Acceleration, Financial Simulation Acceleration, and Financial Modeling Acceleration
Highly Scalable, Low-Cost Compute Capacity:
Extend processing capacity without moving large datasets from existing on-premises storage
|Avere vFXT Edge filer for cloud bursting||
Control Data Center Costs while Optimizing Throughput:
Extend the life of existing storage while improving performance; Reduce dependency on vendor storage solutions
|Avere FXT Edge filer cluster for NAS optimization||
Secure, Low-Cost Object Storage:
Migrate data to low-cost object storage in the data center, while building an active archive with low-cost public or private object storage
|Avere FXT Edge filer cluster with FlashCloud or Avere C2N System for: Cloud Storage Gateway, Private Object Access, and Active Archives||
Data Center Consolidation and Centralization:
Connect remote offices to centralized storage without network bottlenecks and connect multiple data centers
|Avere FXT Edge filer cluster for WAN architectures with FlashMove and FlashMirror||
Enable Movement of Large Data Sets to Public Cloud Storage:
Enable low-cost public cloud storage for aging data sets
|Avere FXT Edge filer cluster with FlashMove and FlashCloud for Cloud Storage Gateway||
High-Core Demand FinServ Processing
Leaders of IT in middle office financial services look to Avere to deliver high-performance, low latency access from their existing storage to compute resources both in the cloud and on-premises. Scaling compute easily to tens of thousands of CPU cores, Avere Hybrid Cloud NAS gives hedge funds, investment banks, and trading floors an edge on compute acceleration. Avere runs in computationally-intensive environments with heavy read workloads, like:
- Risk Management
- Modeling and Simulation
- Batch Operations
Avere Customer Statistics
One Avere customer estimates that it would cost $19.7 million more to run equivalent compute power on-premises than what they are spending on Avere plus public cloud.
With Avere nodes spread around the globe, an Avere client is servicing an average of 1.5PB reads daily.
Applications running in the compute cloud with the vFXT target upwards of 20,000 cores.
Featured Alliance Partners:
Contact Avere directly to learn more or ask your selected cloud services partner about using Avere Systems in a proposed solution.