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. © Springer-Verlag Berlin Heidelberg 2007.
CITATION STYLE
Hidalgo, M. A., & Orero, J. L. B. (2007). WSBL: Web service architecture for financial products. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 4805 LNCS, pp. 158–168). https://doi.org/10.1007/978-3-540-76888-3_35
Mendeley helps you to discover research relevant for your work.