Moving Financial Grids into the Clouds?

Keywords: Financial Grids, HPC
Authors: Michael Ryan, Bank of America Global Markets.
Abstract:
There are many challenges to moving financial grids into the clouds. These challenges have multiple dimensions, including:

• the plurality of uses for grid in a bank – ranging from traditional HTC overnight batches to latency sensitive front office HPC grids.
• the spikes in elastic demand for compute is increasing
• extremely difficult & volatile markets, heightening the need for tighter risk cycles – the drive towards near real time risk.
• extreme budgetary pressures to do more with less, a common theme in these economic times.
• Financial firms are already amongst the most regulated – and recent events only promise more regulations to come.

Some of these factors are driving financial grids into the clouds, some are barriers to its adoption. This talk will explore the viability of financial grids on cloud, and what banks are doing to balance potentially game changing innovation with the associated risks.