Datacenters represent 20 percent of JPMorgan’s total energy bill and 80 percent of its carbon footprint, so it was a natural place to begin green investments. By implementing a global internal cloud for risk management, JPMorgan achieved a 50 percent reduction in the compute capacity required for derivatives risk computation. The 14-month project, which cost less than $1 million, allowed the bank to save $6 million in 2009 and reduce its carbon footprint by 4,500 tons of carbon dioxide per year.

Prior to the project, JPMorgan performed equity-derivatives risk management regionally on dedicated local resources. The project’s goal was to improve compute re-use through the application porting to the Symphony Grid, which is powered by Platform Computing’s Symphony platform, in a way that was able to leverage global compute capacity in multiple time zones, delivering greater throughput but without impacting service latencies.

MORE >>