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ABSTRACT

Cloud computing is gaining popularity to the extent that the new "XaaS" service category introduced will gradually take the place of many types of computational and storage resources used today. In this regard, grid computing, on which the large scale supply of cloud services is based, will play a key role in defining how those services will be provided.

This paper concerns the analysis and preliminary design of a real time financial system that relies on cloud computing technologies for performing macroeconomic analysis and forecasts of the financial markets and their instruments.

Cloud and grid paradigms generate different added values. Some of these are examined in the paper, for instance the use of an Instruction Set to interact with the Grid.

This work uses the results obtained in the Cybersar Project managed by the COSMOLAB Consortium (Italy). The system analyzed and described herein will be implemented in the Cybersar Computational Grid by autumn 2009.

REFERENCES

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• 3: Dan, M., The Business Model of Software-As-A-Service. In Proceedings of the International Conference on Service Computing, 2007, 701--702.
• 4: Guo-wen, H., Young, W. Chaos and Complexity in the Cumulative Effect of Financial Innovation. In Proceedings of the International Conference on Management Science and Engineering, Harbin, 2007, 1635--1640.
• 5: Jia Hu , Ning Zhong, Developing Mining-Grid Centric e-Finance Portal, Proceedings of the 2006 IEEE/WIC/ACM International Conference on Web Intelligence, p.966-969, December 18-22, 2006 [doi>10.1109/WI.2006.60]
• 6: Barath Raghavan , Kashi Vishwanath , Sriram Ramabhadran , Kenneth Yocum , Alex C. Snoeren, Cloud control with distributed rate limiting, ACM SIGCOMM Computer Communication Review, v.37 n.4, October 2007 [doi>10.1145/1282427.1282419]
• 7: Ramon Nou , Ferran Julia , Jordi Torres, Should the grid middleware look to self-managing capabilities?, Proceedings of the Eighth International Symposium on Autonomous Decentralized Systems, p.113-122, March 21-23, 2007 [doi>10.1109/ISADS.2007.70]
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INDEX TERMS

Primary Classification:
  C. Computer Systems Organization
  C.2 COMPUTER-COMMUNICATION NETWORKS
      C.2.1 Network Architecture and Design

Additional Classification:
  C. Computer Systems Organization
  C.2 COMPUTER-COMMUNICATION NETWORKS
      C.2.4 Distributed Systems

  J. Computer Applications
  J.4 SOCIAL AND BEHAVIORAL SCIENCES
      Subjects: Economics

General Terms:
Design, Economics, Theory

Keywords:
cloud computing, distributed computing, financial data processing, grid computing