open source product

GridGain + Multi-Core processors

GridGain is an open source product written in Java providing a grid computing platform. It is known to be one of the more widely used grid product, certainly, as far as I see, one of the easiest to "gridify" or grid-enable an existing product.

One of the applications of the product is to couple with Amazon EC2 to make a "cloud" computing platform. See Gridgain + Amazon EC2

The widespread use of "multi-core" PCs also means that the product can be used to "parallelise" to take advantage of this increased power.

What did I say then?

Who Needs Hedge Funds? A Copula-Based Approach to Hedge Fund Return Replication

"In this paper we develop and demonstrate the workings of a copula-based technique that allows the derivation of dynamic trading strategies, which generate returns with statistical properties similar to hedge funds. We show that this technique is not only capable of replicating fund of funds returns, but is equally well suited for the replication of individual hedge fund returns.

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