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Banks and other financial institutions do a lot of 'risk management' -- that is calculating huge price correlation matrices on everything they have on their boo
by 1gor 18y ago
Banks and other financial institutions do a lot of 'risk management' -- that is calculating huge price correlation matrices on everything they have on their books.
This activity is perfect for AWS (and mostly pointless for its original purpose, as Citibank and others have proven).
- LogicHoleFlaw 18y agoI doubt that Citi uses AWS for anything... their auditing requirements are extremely strict about using any external services. When I was there (CitiMortgage, 2006) all of the heavy lifting was done on Big Iron IBM hardware.