Study on Application of Grid Computing Technology in Financial Industry

The increasing businesses and customers in financial industry require the stronger capability of computing and data processing. But it will result in the increase of cost on IT and aggravate enterprises' burden. The traditional enterprise information system has not met the increasing demands of the financial enterprises. It is urgent to make full use of enterprise internal resources. Grid technology can solve the problem. This paper discusses the application of grid computing in financial industry. First it analyzes the feasibility of grid technology application in financial industry. Then it puts forward the main applying architecture and implementation steps. Last the paper enumerates some points for attention during the application process. The application not only can improve the operation but also can greatly reduce the cost on IT.