Grid Computing Planet: Schwab Gets Boost From [Linux] IBM Grid

“The first Grid research and development project, just
completed, focused on maximizing processor efficiency and reduced
the processing time on a financial application from more than four
minutes to 15 seconds, the companies said. Schwab and IBM are now
looking to expand Grid research into other areas of Charles
Schwab’s business.

“‘We believe that Grid computing built and designed around open
standards has the potential to greatly improve our quality of
service and be a truly disruptive technology that can help us
improve our business,’ said Oren Leiman, managing director of
advanced technology at Charles Schwab.

“IBM, which launched a broad push into commercial Grid computing
on Monday, and Schwab’s Advanced Technology Group took an existing
application that ran on non-IBM systems and Grid-enabled it with
the open source Globus Toolkit running RedHat Linux on IBM eServer
xSeries 330 machines…”

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