Grid Standards and the Finance Industry John Barr Research Director Financial Markets OGF22 Boston

Grid API for FSI Motivation Participation Outcome

Motivation Visited many investment banks All have the same requirement Define grid abstraction layer –To avoid vendor lock-in 10 banks, 10 different (but similar) abstraction layers Opportunity for common API definition

Initial Activity Kick-off meeting –6 banks –major compute/data grid middleware vendors –interested parties (Intel, GCN, Excelian, 451) Compute grid a done deal Compute/data grid integration next hurdle Agreed to define use cases as first step

Follow-up 2 nd Meeting –6 banks (different participants) –major compute/data grid middleware vendors –interested parties (Intel, GCN, Excelian, 451) Use Cases discussed What next? –Pressed for commitment from banks –It all went very quiet

So what now? Without buy-in from banks no point Continuing interest – but no commitment Excelian doing consulting work in this area –So there is a real need…