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This BE tackles a Grid solution in the financial sector. Financial institutions face computational time and resource challenges in the risk analysis of investment portfolios. These real-time financial algorithms, which use stock market and trading desk data, impose real-time processing constraints which are a major challenge for the Grid.

Fact Sheet

The experiment is about exotic option pricing and life-insurance cases. The business objective of the experiment is to demonstrate how grid technologies can bring solutions to challenges financial institutions have to face.
This experiment is going to be led by the MAS (Applied Maths) Laboratory of the Ecole Centrale Paris. The MAS people will bring their expertise on both Maths applied to financial problems and Grid. Fininfo will provide experiment real data, which are much time-consuming. Axa will provide insurance data: the Business Experiment will have to determine how to accurately price specific insurance products. Telefonica will bring expertise on business modeling.