Copyright © 2008 CyberRAVE LLC. All rights reserved. 1 A Financial Services Grid Requirements.

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Presentation transcript:

Copyright © 2008 CyberRAVE LLC. All rights reserved. 1 A Financial Services Grid Requirements

Copyright © 2008 CyberRAVE LLC. All rights reserved. 2 Use Service for sharing computer power and data storage capacity over the internet Used by research, industry and the ordinary citizens Web-based GUI interface Budget and deadline constrained platform –Data Protection –Deduplication –Virtualization

Copyright © 2008 CyberRAVE LLC. All rights reserved. 3 Cost Auction price formation mechanisms Product packages with reservations, short selling, spots, forwards, quantity and timing flexibility to match user, application and department needs (e.g. derivative products) Price levels guarantee property rights Savings –Operational costs –Design Automation –Consolidation

Copyright © 2008 CyberRAVE LLC. All rights reserved. 4 Availability Provide service levels with QoS Among fastest network interconnections TCP congestion control Who gets what, when, and for how much Mechanisms for limiting system (ab)use Mechanisms for optimization Increased utilization of computing resources

Copyright © 2008 CyberRAVE LLC. All rights reserved. 5 Tools Support budget decisions and resource allocation (economic engineering) Support reservation markets Job priority assigned to task Dynamic re-allocation of grid resources / policies Near real-time dynamic negotiation and provisioning

Copyright © 2008 CyberRAVE LLC. All rights reserved. 6 Flexibility (BPO) Dynamically lease grid services at runtime based on availability, cost, and capability Auction mechanism supports deployment environment Support for intra-grids Bundled applications with Service Classes (CPU, RAM, permanent storage, network bandwidth)

Copyright © 2008 CyberRAVE LLC. All rights reserved. 7 Compliance Project risk support for users and departments Precondition for resource sharing and exchange Financial services engineering Real-time reporting Detailed contracts Standards based

Copyright © 2008 CyberRAVE LLC. All rights reserved. 8 Security Physical / virtual Defense-in-Depth Non-ambiguous definition of computers and applications Trust model with proportional consequences for single company, group etc Assurances / insurability

Copyright © 2008 CyberRAVE LLC. All rights reserved. 9 Vision Feasibility of previously impossible computational tasks Program boosts economic growth, reduces inequalities and improves people’s living conditions Reduces impact of energy consumption on the earth Fuels the growth of the IT-enabled services (ITeS) industry Enables Web-2 applications Balances needs between producers and consumers Heightens value proposition for BPO Increases competitiveness for SMEs

Copyright © 2008 CyberRAVE LLC. All rights reserved. 10 Resources Gridbus (University of Melbourne – gridbus.org) ZetaGrid (IBM OpenSource Java Kernel – zetagrid.org) FinGrid (Financial Business Grid – ) CoreGrid (European Research Network – coregrid.net) Globus (International Grid Collaboration – globus.org)