Home Commercial trading Jump Trading takes the plunge with VAST Data to accelerate its research...

Jump Trading takes the plunge with VAST Data to accelerate its research pipelines


Universal VAST Data Storage Selected by HPCwire Drives for Best HPC Use in Financial Services

NEW YORK– (BUSINESS WIRE) –VAST data, the storage software company breaking decades-old tradeoffs, today announced that Jump trade Group (“Jump”) has selected VAST’s high-performance, low-latency universal storage as the basis for its high-performance computing (HPC) cloud infrastructure. As a global research-based trading company, the Jump team includes some of the world’s leading quants, technologists and researchers who are committed to using the best technology to innovate and advance scientific breakthroughs in the field of trading. algorithmic trading.

“Performance is paramount when you research global financial markets, as the amount of data to analyze grows every day,” said Alex Davies, head of production engineering at Jump Trading Group. “For quants to be productive, they need instant access to massive amounts of data. VAST Data’s cost-effective and sleek all-flash architecture was the obvious choice for our read-heavy research workloads.

Many leading thinkers, researchers and quants around the world agree that the ability of VAST Data to provide rapid access to data is a critical requirement for HPC environments, especially for algorithmic trading where an ever increasing amount of data must be. quickly made available to researchers. Announced this week at the 2021 Supercomputing Conference, VAST Data has been selected as a winner for HPCwire Readers’ Choice Award for the best use of HPC in financial services. The award recognized Jump’s implementation of VAST Data’s universal storage platform.

To concern this video to learn more about VAST Data’s Universal Storage Deployment at Jump.

How VAST Data speeds up trading

The financial transactions market is fiercely competitive. Companies constantly struggle to model markets accurately, requiring large amounts of data just to train machine learning models. As the amount of data increases, legacy systems based on hard drives (HDDs) simply cannot keep up. Jump has completely removed spinning disks from its research pipelines to improve performance.

“When you have new financial markets like crypto appearing out of nowhere, suddenly you have a huge amount of data that you need to store and access quickly,” Davies continued. “VAST solves this problem because its all-flash infrastructure allows us to quickly and independently scale our systems to store petabytes of data. ”

In addition to outperforming hard disk storage solutions, the unique compression algorithms built into VAST’s universal storage software allow the company to provide customers with a more efficient platform that requires less power. . It accomplishes this thanks to VAST data reduction based on similarity algorithms that allow customers to further reduce data, thereby increasing available storage capacity. All-flash systems also use fewer parts than the hard drive, so there are fewer points of failure. The result is superior performance and reliability at a lower total cost of ownership.

“Jump Trading Group is truly an innovative financial research company that has devoted significant resources to the engineering that keeps them at the top of the game,” said Jeff Denworth, co-founder of VAST Data. “They compete on their ability to use AI and machine learning, which depend on fast and reliable data pipelines, and we’re happy to play a small part in their success.”

VAST Data is completely changing the economics of flash storage with its universal storage platform. By consolidating multiple tiers of storage into a single global namespace, data access speeds up and application performance improves, enabling financial institutions to rapidly process market data and AI datasets. at any scale. Visit the VAST website to learn more about universal storage for algorithmic trading.

About VAST data

New York-based managed storage software from VAST Data unlocks the value of data and modernizes data centers for the age of AI. VAST delivers real-time performance to all data and overcomes historical cost barriers for building all-flash data centers. Since its launch in February 2019, VAST has become the best-selling infrastructure startup in history. For more information, please visit https://vastdata.com and follow the VAST data on Twitter and LinkedIn.


RP for VAST data

Kirstin border

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