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

Jan 29, 2003, 19:00 (1 Talkback[s])
(Other stories by Paul Shread)

"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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