The financial clouds review

This paper demonstrates financial enterprise portability, which involves moving entire application services from desktops to clouds and between different clouds, and is transparent to users who can work as if on their familiar systems. To demonstrate portability, reviews for several financial models are studied, where Monte Carlo Methods (MCM) and Black Scholes Model (BSM) are chosen. A special technique in MCM, Least Square Methods, is used to reduce errors while performing accurate calculations. The coding algorithm for MCM written in MATLAB is explained. Simulations for MCM are performed on different types of Clouds. Benchmark and experimental results are presented for discussion. 3D Black Scholes are used to explain the impacts and added values for risk analysis, and three different scenarios with 3D risk analysis are explained. We also discuss implications for banking and ways to track risks in order to improve accuracy. We have used a conceptual Cloud platform to explain our contributions in Financial Software as a Service (FSaaS) and the IBM Fined Grained Security Framework. Our objective is to demonstrate portability, speed, accuracy and reliability of applications in the clouds, while demonstrating portability for FSaaS and the Cloud Computing Business Framework (CCBF), which is proposed to deal with cloud portability

Transforming Internal Activities of Business Process Models to Services Compositions

As a service composition language, BPEL imposes as constraint that a business process model should consist only of activities for interacting with other business processes. BPEL provides limited support for implementing internal activities, i.e. activities that are performed by a single business process without involvement of other business processes. BPEL is hence not suitable to implement internal activities that include complex data manipulation. There are a number of options to make BPEL able to implement such internal activities. In this paper we analyse those options based on their feasibility, efficiency, reusability, portability and merging. The analysis indicates that delegating internal activities’ functionality to other services is the best option. We therefore present an approach for transforming internal activities to service invocations. The application of this approach on a business process model results in a service composition model that consists only of activities for interaction

Investigating the cloud computing business framework - modelling and benchmarking of financial assets and job submissions in clouds

Literature identifies three business challenges in clouds: (i) little linkage between qualitative and quantitative cloud business frameworks in the same domain; (ii) few structured frameworks to measure cloud business performance and (iii) application portability from desktops to clouds, and later on between clouds offered by different vendors. To address these three problems, we propose the Cloud Computing Business Framework (CCBF), which contains Financial Cloud Framework (FCF), Middleware Framework (MF) and the other two frameworks. FCF and MF are to deal with portability issue. In FCF, we select Monte Carlo Methods (MCM) for pricing and Black Scholes Model (BSM) for risk analysis. In MF, we select OMII-UK's GridSAM 2.3 to demonstrate job submission in clouds, and compare benchmarking results with our MCM and BSM models. Our objective is to demonstrate portability, speed, accuracy and reliability of applications in the clouds, and present how modelling, simulation and benchmarking fit into FCF and MF. Experiments are performed in public and private clouds, where portability, speed, accuracy and reliability from desktop to clouds are successfully demonstrated. Despite X.509 security can be demonstrated, the preferred security is single sign-on and will be dealt with later

CAPI: cloud computing API

Cloud Computing is an emerging business model to provide access to IT resources in a pay per use fashion. Those resources range from low-level virtual machines, passing by application platforms and ending in ready to use software delivered through the Internet, creating a layered stack of differentiated services. Different cloud vendors tend to specialize in different levels, offering different services each with its own proprietary API. This clearly led to provider lock-in and hinders the portability of a given application between different providers. The goal of this paper is therefore to provide an abstraction of the different levels of services in order to reduce vendor lock-in and improve portability, two issues that we believe impair the adoption of the Cloud Computing model

Extension of Petri Nets by Aspects to Apply the Model Driven Architecture Approach

Within MDA models are usually created in the UML. However, one may prefer to\ud use different notations such as Petri-nets, for example, for modelling concurrency\ud and synchronization properties of systems. This paper claims that techniques that\ud are adopted within the context of MDA can also be beneficial in modelling systems\ud by using notations other than the UML. Petri-Nets are widely used for modelling\ud of business and application logic of information systems with web services. For\ud certain kinds of applications, therefore, Petri Nets can be more suitable for building\ud Computation Independent, Platform Independent and Platform Specific Models\ud (CIM, PIM and PSM). Unfortunately, the well-known problems with separation of\ud concerns in Petri Nets and keeping track of changes may hinder achieving the aim of\ud MDA: building reusable, portable and interoperable models. In this paper we define\ud Aspect Petri Nets as a structure of several Petri Nets and quantification rules for\ud weaving of those Petri Nets. Aspect Petri Nets are suitable for application of MDA;\ud they support traceability of changes and reusability, portability and interoperability\ud of models. We illustrate advantages of modelling in Aspect Petri Nets for MDA\ud application and describe necessary tool support

A look at cloud architecture interoperability through standards

Enabling cloud infrastructures to evolve into a transparent platform while preserving integrity raises interoperability issues. How components are connected needs to be addressed. Interoperability requires standard data models and communication encoding technologies compatible with the existing Internet infrastructure. To reduce vendor lock-in situations, cloud computing must implement universal strategies regarding standards, interoperability and portability. Open standards are of critical importance and need to be embedded into interoperability solutions. Interoperability is determined at the data level as well as the service level. Corresponding modelling standards and integration solutions shall be analysed

The Business Model as a technique for problem identification and scoping: a case study of Brazilian drinking water quality assessment sector

In this case study, a Business Model Canvas (BMC) was used as a technique for problem identification and scoping for the introduction of a new technology or methodology for water quality assessment. Therefore, information about the Brazilian water supply sector was used for the application of a BMC based on technological innovations for coliform analysis. The innovations proposed in the study include faster results, internet connection, and portability. To populate the model, data regarding the drinking water quality from Brazil were used from public data banks and reports. Also, a group of accountable representatives from diverse water supply systems and water quality laboratories reported their experience with the new coliform analysis and their perception of its technological improvement. The major gaps identified in this study were simplicity and faster results. These may be associated with technological improvements such as portability and internet connection. It was possible to conclude that the segment is diverse, and the BMC highlighted that value might differ for different niches. The results emphasized that the application of a BMC may be more than a business tool. It can also be used by developers or scientists to understand and improve both technology concepts and applications. HIGHLIGHTS A Business Model was applied to structure coliform analysis in drinking water.; Characteristics of water supply systems influence value proposition priorities.; Legal demands have influences in different levels and applications.; Technological innovation and advantages alone may not fit customer needs.; Information gathered reveals a technological gap in coliform analysis.

An instrumentation tool for threaded Java application servers

Rapid development of e-business services has extended the use of application servers on companies. The Java platform has an important presence on this sector because of its portability and development facilities. Java application servers are becoming a key component in these environments, thus the knowledge of these servers behavior requires the use of new tools to overcome the limitations of existing ones in both offered information and semantics of execution. The natural environment for e-business applications is composed by medium-range parallel servers executing Java based threaded applications. So, understanding threaded Java application servers on parallel environments is the main target of our tool: JIS (Java Instrumentation Suite). This paper describes the design and implementation of JIS and highlights some of the main functionalities. Our initial implementation targets the JVM version 1.3 running Jakarta Tomcat v4.0 on top of a Linux parallel platform with a 2.4.16 kernel.Peer ReviewedPostprint (published version

Interoperability standards for cloud architecture

Enabling cloud infrastructures to evolve into a transparent platform raises interoperability issues. Interoperability requires standard data models and communication technologies compatible with the existing Internet infrastructure. To reduce vendor lock-in situations, cloud computing must implement common strategies regarding standards, interoperability and portability. Open standards are of critical importance and need to be embedded into interoperability solutions. Interoperability is determined at the data level as well as the service level. Relevant modelling standards and integration solutions shall be analysed in the context of clouds