| Wednesday, February 27 |
| 9:00 am - 10:30 am | |
| |
Financial Services Workshop
(90 mins)
Larry Ryan
View Participants
Financial firms have extensive experience deploying clusters and grids to drive their business strategy. Today, Grids have two divergent uses. For the most part, financial firms have employed Grids for compute-intensive tasks; i.e., to run scenario analyses, price portfolios, price complex financial instruments and manage risk using Monte Carlo simulations. But many Grids are now taking on the task of supporting transaction processing. Recent discussions of the issues facing financial firms as their Grids grow and evolve have centered on:
• Challenges around sharing a grid
• Standards to enable grid interoperability
• Use cases for shared memory caches
• Expanding grids to support transactional workloads
• Grid on-boarding: tools and processes
• Data delivery - real time data delivery as a central issue
• Global manageability
The workshop provides financial services firms an opportunity to discuss and understand these issues in a forum that includes their peers and experts on Grids and cluster computing, data management, and storage.
The workshop will begin with several short presentations on generic issues of interest to the financial services community. These presentations will be followed by panel-led discussions of the key issues that participants want to explore in greater detail. Participants include representatives from banks, brokers and industry leaders.
We hope that the discussion identifies a series of best practices at banks and brokerage houses. We expect that these best practices will contribute to a more detailed discussion of the priorities that the Open Grid Forum should take in its work on standards for Grid computing.
The main products of this workshop will be:
1. A White Paper on solving the issues financial services firms face in using grids. This paper will summarize the discussion at the workshop.
2. Initial discussions of how to create an ongoing financial services group to work with OGF to resolve the issues addressed in the workshop.
This workshop will provide an opportunity to address the Grid computing issues facing financial services firms and to meet with experts who are thinking about them and working on innovative solutions. If these issues are of concern to you, please attend the workshop.
Additional Takeaways:
• A better understanding of the generic issues and “top level� challenges faced by users in the financial industry.
• An opportunity to discuss these challenges with leading experts in the Grid community.
• Information about how “fellow� bank and brokerage adopters are addressing these challenges and resolving the “problem points� they face.
• Feedback from Grid experts about how they believe the key financial services challenges can be ameliorated.
• Excellent opportunities to raise challenges face-to-face with peers and Grid gurus, including small group discussions and cross-industry sessions.
• Rare insights from Grid experts, vendors, and other users about future trends in Grid adoption, impact of high performance computing as a driver of their business strategy and construction of a framework to support a Services Oriented Architectures.
• A chance to hear about the best practices employed at financial services firms and other verticals.
Location: Thomas Paine A
|
| |
| |
|
| |
| | Slides: Enterprise Grid in Financial Services DataSynapse |
| | Slides: Enterprise Grid in Financial Services HP |
| | Slides: Enterprise Grid in Financial Services Platform Computing |
| | Slides: Grid Computing at The Hartford |
| | Slides: Grid Standards and the Finance Industry |
| | Slides: Grids in Financial Services West Avenue Management Partners |
| | Slides: Next Generation Grid: Emerging technologies poised to revolutionize financial markets IBM |
| | Document (Word): Workshop Notes |