Risk Management Framework Using Intel FPGA, Apache Spark, and Persistent RDDs - Databricks

Risk Management Framework Using Intel FPGA, Apache Spark, and Persistent RDDs

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Performing analytics for risk management purposes is applied in many fields, especially in financial services. We present a framework for accelerated risk analytics and show a large-scale financial sector application where this framework is used to run backtesting algorithms on risk-based securities such as options. These applications require highly computationally-intensive operations on extremely large data sets with objects numbering in the tens of billions.

Intel FPGA and FinLib library for financial applications are used to offload the computation; however, another challenging problem (that we have resolved) is how to feed the data to the FPGA at the optimal speed without having to do customized coding. A combination of Apache Spark along with Levyx’s persistent dataframes are used to address this problem. These dataframes allow absorbing the computation from Spark and offloading it to Finlib in an automated way. This example can be expanded to many other areas of Risk Management such as Insurance and Cybersecurity.

Session hashtag: #HWCSAIS15

About Reza Sadri

Before co-founding Levyx, Reza was CTO of Software at sTec (a provider of enterprise SSDs). Prior to sTec he was CTO at Digital Spectrum where his team built one of the first mobile video communication products and was the Co-founder and CEO of Clenova, a search and discovery solution company. Reza also previously served as Chief Technologist at Procom Technology , where he started their NAS product and founded the Candelis subsidiary, a provider of application specific storage solutions for medical imaging. Reza has a Ph.D. in Computer Science from UCLA.

About Mutema Pittman

Mutema Pittman is responsible for the Enterprise business segment in the Intel Programmable Solutions Group business division. Mutema’s responsibilities include creating and executing strategies and business plans to drive success with end customers in the enterprise market, and strong collaboration with internal and external groups focusing on Programmable Acceleration Cards, solution workloads, and channels to reach enterprise customers. Mutema joined PSG (formerly Altera) in 2010 via the acquisition of Avalon Microelectronics. He has held previous roles in engineering design and management during that time.