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Financial application as a software service on cloud


Garg, SK and Sharma, B and Calheiros, RN and Thulasiram, RK and Thulasiraman, P and Buyya, R, Financial application as a software service on cloud, Proceedings of the 5th International Conference on Contemporary Computing, 6-8 August 2012, Noida, India, pp. 141-151. ISBN 978-3-642-32128-3 (2012) [Refereed Conference Paper]

Copyright Statement

Copyright 2012 Springer

DOI: doi:10.1007/978-3-642-32129-0_19


In this work, we propose a SaaS model that provides service to ordinary investors, unfamiliar with finance models, to evaluate the price of an option that is currently being traded before taking a decision to enter into a contract. In this model, investors may approach a financial Cloud Service Provider (CSP) to compute the option price with time and/or accuracy constraints. The option pricing algorithms are not only computationally intensive but also communication intensive. Therefore, one of the key components of the methodology presented in this paper is the topology-aware communication between tasks and scheduling of tasks in virtual machines with the goal of reducing the latency of communication between tasks. We perform various experiments to evaluate how our model can map the tasks efficiently to reduce communication latency, hide network latency ensuring that all virtual machines are busy increasing response time of users.

Item Details

Item Type:Refereed Conference Paper
Research Division:Information and Computing Sciences
Research Group:Distributed computing and systems software
Research Field:Distributed systems and algorithms
Objective Division:Information and Communication Services
Objective Group:Information systems, technologies and services
Objective Field:Information systems, technologies and services not elsewhere classified
UTAS Author:Garg, SK (Dr Saurabh Garg)
ID Code:93846
Year Published:2012
Deposited By:Information and Communication Technology
Deposited On:2014-08-19
Last Modified:2014-10-13

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