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 – 141.2.67.69)

• CoreGrid (European Research Network – coregrid.net)

• Globus (International Grid Collaboration – globus.org)