On the Viability of Microservers for Financial Analytics

Charles J Gillan, Dimitrios S Nikolopoulos, Giorgis Georgakoudis, Richard Faloon, Georgios Tzenakis, Ivor Spence

Research output: Chapter in Book/Report/Conference proceedingConference contribution

3 Citations (Scopus)

Abstract

Energy consumption and total cost of ownership are daunting challenges for Datacenters, because they scale disproportionately with performance. Datacenters running financial analytics may incur extremely high operational costs in order to meet performance and latency requirements of their hosted applications. Recently, ARM-based microservers have emerged as a viable alternative to high-end servers, promising scalable performance via scale-out approaches and low energy consumption. In this paper, we investigate the viability of ARM-based microservers for option pricing, using the Monte Carlo and Binomial Tree kernels. We compare an ARM-based microserver against a state-of-the-art x86 server. We define application-related but platform-independent energy and performance metrics to compare those platforms fairly in the context of datacenters for financial analytics and give insight on the particular requirements of option pricing. Our experiments show that through scaling out energyefficient compute nodes within a 2U rack-mounted unit, an ARM-based microserver consumes as little as about 60% of the energy per option pricing compared to an x86 server, despite having significantly slower cores. We also find that the ARM microserver scales enough to meet a high fraction of market throughput demand, while consuming up to 30% less energy than an Intel server
Original languageEnglish
Title of host publicationProceedings of WHPCF’14: 7th Workshop on High Performance Computational Finance
Place of PublicationNew York
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Pages29-36
Number of pages8
ISBN (Electronic)9781479970278
DOIs
Publication statusPublished - 16 Nov 2014

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  • Cite this

    Gillan, C. J., Nikolopoulos, D. S., Georgakoudis, G., Faloon, R., Tzenakis, G., & Spence, I. (2014). On the Viability of Microservers for Financial Analytics. In Proceedings of WHPCF’14: 7th Workshop on High Performance Computational Finance (pp. 29-36). Institute of Electrical and Electronics Engineers (IEEE). https://doi.org/10.1109/WHPCF.2014.11