Improving Business Opportunities of Financial Service Providers through Service Level Agreements

  • Henning Mersch
  • Philipp Wieder
  • Bastian Koller
  • Gerard Murphy
  • Ron Perrot
  • Paul Donachy
  • Ali Anjomshoaa

The calculation of the Implied Volatility of stock options is a computationally expensive process which in general exceeds the resources available at a customer’s site. Financial service providers therefore offer the required Implied Volatility services, adapting dynamically their own resource consumption to the customer’s demands. The success of such a business model relies on carefully negotiated and observed Service Level Agreements between the different parties involved. The NextGRID project, driven by the adaption of several business scenarios to next generation Grid technologies, has designed and implemented an Implied Volatility framework which applies dynamic negotiation of Service Level Agreements to improve the existing solution. In this paper we describe the business scenario and the different core components which we integrated to realise the Implied Volatility framework.

Keywords

Implied Volatility negotiation protocol NextGRID Service Level Agreements UDAP 

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Henning Mersch
    • 1
  • Philipp Wieder
    • 1
  • Bastian Koller
    • 3
  • Gerard Murphy
    • 3
  • Ron Perrot
    • 3
  • Paul Donachy
    • 3
  • Ali Anjomshoaa
    • 4
  1. 1.Central Institute for Applied MathematicsResearch Centre JülichGermany
  2. 2.Höchstleistungsrechenzentrum StuttgartGermany
  3. 3.Belfast e-Science CentreThe Queen's University of BelfastUK
  4. 4.University of EdinburghUK

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