ACADEMIA

LOS ANGELES, CA -- JJX Capital, Inc., a fund management company, has announced that it will be building what the company refers to as “the largest commercial supercomputer in the world for securities trading using AMD Athlon microprocessors.” "This [supercomputer] will allow us to know the future direction of the financial markets before any other fund manager in the world today," said John Michael Fitzpatrick, President of JJX Capital, Inc., "giving us an edge in trading." The company also announced that Dr. Thomas Sterling, developer of the beowulf cluster or type of supercomputer, has joined the JJX Capital, Inc. board of directors. Sterling will advise JJX on the current and future computing systems' needs and directions. "Dr. Sterling invented the type of [teraflops] supercomputer we are building today and will help us stay ahead of the competition with his next generation [petaflops] supercomputer," Mr. Fitzpatrick said. "We are increasing the [volume] of derivatives data processing [per unit time]--to reduce the risk in investing by reducing the unknowns in decision making--we will simply be doing this in realtime instead of the multi-day time delay of all competing systems--reducing the processing delay increases the trading advantage," Mr. Fitzpatrick said.