Use Case: Financial Grids
The purpose of this use case is to provide a generalised grid scenario with emphasis on dynamic Virtual Organisation creation, Service Level Agreements and Service Assurance, Workflow orchestration, service deployment and federated access to Data/Compute resources. The financial sector is used as the exemplar. The financial grid use case is based around typical requirements taken from the Finance sector in particular applications including Implied Volatility and Risk Management (analysing the risk of a portfolio of stocks/bonds). Some of these requirements will include requirements taken from outputs from the existing FP6 IP project NextGRID and extend the preliminary work which has been done in that project.
The key objectives of this work package will include:
- Define generalised grid SLAs based on the use case scenarios, with a focus on specific non-functional sector requirements.
- Implementation of the prototype demonstrator with support for VO, security, Service Assurance, Workflow orchestration and dynamic service deployment requirements.
- Devising SLAs to support handling sensitive end-user information
The financial sector depends heavily on process and data intensive computations to deliver competitive advantage. Financial applications are particularly suited to grid-based experimentation and research. Many applications involve both process and data intensive computations.
Finance applications demand a high availability of resources. Non-availability of resources means an absence in market trading which, in turn, can lead to missed opportunities. Security is of paramount importance. In addition, regulatory issues exist within institutions that place restrictions on the accessibility of spatial information across their distributed enterprises.
A generalised scenario has been defined as follows and will be used as the basis for specification, requirements and demonstration.
The following output of this work package is now publicly available:
As the research team driving this use-case had to leave the project due to reasons outside their control, work in this work package has now concluded.
