Financial clouds and modelling offered by cloud computing adoption framework

Cloud Computing Adoption Framework (CCAF) is a framework for designing and implementation of Could Computing solutions. This paper focuses on how CCAF can help to address portability in Cloud Computing implementations in Finance domain. Portability involves migrating entire applications from desktops to clouds and between different Clouds in a way which is transparent to users so they may continue to work as if still using their familiar systems. Reviews for several financial models are studied, where Monte Carlo Methods (MCM) and Black Scholes Model (BSM) are chosen to demonstrate portability between desktops and clouds. A special technique in MCM, Variance-Gamma Process, is used for error corrections while performing analysis of good quality. Coding algorithm for MCM and BSM written in MATLAB are explained. Simulations for MCM and BSM are performed on different types of Clouds. Benchmark and experimental results are presented and discussed, together with implications for banking and ways to track risks in order to improve accuracy. We have used a conceptual Financial Cloud platform to explain how this fits into the CCAF, as well as Financial Software as a Service (FSaaS). Our objective is to demonstrate portability, speed, accuracy and reliability of applications in the clouds, while demonstrating portability for CCAF and FSaaS. © 2014 Nova Science Publishers, Inc.