In July, JP Morgan was able to run risk analysis and price its global credit portfolio in near real-time after implementing application-led, High Performance Computing (HPC) capabilities developed by Maxeler Technologies. The investment bank worked with HPC solutions provider Maxeler Technologies to develop an application-led, HPC system based on Field-Programmable Gate Array (FPGA) technology that would allow it to run complex banking algorithms on its credit book faster.

In November, Maxeler's Maximum Performance Computing, was recognised in the annual HPCwire Readers’ and Editor’s Choice Awards at the 2011 International Conference for High Performance Computing, Networking, Storage and Analysis (SC ‘11), in Seattle, Washington.

Maxeler Technologies solution for accelerating risk models at JP Morgan took Editor's Choice for best use of HPC in financial services: as well as the HPC Job Bank 2011 Platinum Employer Award.