The Anatomy of the Grid: Enabling Scalable Virtual Organizations
International Journal of High Performance Computing Applications
IPDPS'06 Proceedings of the 20th international conference on Parallel and distributed processing
An agent system for automated web service composition and invocation
OTM'06 Proceedings of the 2006 international conference on On the Move to Meaningful Internet Systems: AWeSOMe, CAMS, COMINF, IS, KSinBIT, MIOS-CIAO, MONET - Volume Part I
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In this paper, WSBL (Web Service Business Library) is proposed as a solution for problems above mentioned, of any company which offers financial services, by combining agents' theory, web services and grid computing. After explaining the solution, this paper presents an example of a web service that prices a weather derivative using the computing power of a grid, but could be easily extended to any financial product. This approach would enable the bank to have only one library for pricing all products running in one grid giving service to all of the trading rooms that a bank could have around the world. These services could be sold to third-party users with the appropriate security services. Some experiments in a real grid environments will be presented to validate and verificate the utility as well as the performance of the proposed approach.