More information for grid computing on AWS

Today, Financial Services companies of all sizes are driving the next evolution of grid computing by working with AWS to expand their on-premise capabilities to the cloud. These organizations require increased computing power to address ever-changing industry conditions: stringent capital obligations, more rigorous and frequent stress testing requirements, market fluctuations, accelerated product development lifecycles, and greater regulatory oversight of financial products.

By building grids with AWS, Financial Services organizations are able to navigate through these conditions and take advantage of cloud-enabled benefits, such as elastic capabilities to scale to peak processing demands at a moment’s notice, automation features to minimize manual processes, and lower costs with a pay-as-you-go consumption model, among others. Learn more by exploring the resources below.

Grid Computing for Financial Services

Learn more about grid computing for Financial Services, sample use cases, and benefits customers are realizing by working with AWS.

When building on AWS, customers benefit from our rapid pace of innovation. Optimize performance, enhance visbility, and save costs with our ever-evolving suite of products and services.

Scalability

Scalability

With AWS, organizations use Amazon EC2 to spin up compute resources to instantly meet peak processing demands and de-provision after the workload is complete.  

Virtually Unlimited Storage

Virtually Unlimited Storage

AWS offers a range of storage services and solutions to support both application and archival requirements. Select from object, file, and block storage services.

Variable Instance Types

Variable Instance Types

Amazon EC2 supports different instance types that comprise varying combinations of CPU, memory, storage, and networking capacity—optimized for your application.

Cost Optimization

Cost Optimization

Plus our pay-as-you-go model, AWS offers 4 EC2 pricing instance structures to enable cost efficiencies—On-Demand, Reserved, Spot, and Dedicated Hosts.

Enhanced Security & Compliance

Enhanced Security & Compliance

At AWS, Security is job zero. We also demonstrate this commitment through  AWS Cloud Compliance that provides information on all controls in place.

Big Data Solutions

Big Data Solutions

AWS offers the most comprehensive suite of big data services to handle every step of the analytics process chain to get to actionable, data-driven insights.

Automation Capabilities

Automation Capabilities

With AWS Batch and other serverless capabilities, you can automatically provision the optimal quantity and type of compute resources, based on specific requirements.

Management Services

Management Services

AWS offers management services that enable visibility and control into your AWS resources, such as AWS CloudTrail, Amazon CloudWatch, and AWS Config.


To help you get started, access a sample reference architecture of a grid computing solution that many of our Financial Services customers are deploying in their respective environments.

This configuration of AWS services enables on-demand capacity so users can shut down their workloads when jobs are completed. Customers can also take advantage of advanced features, such as transient clusters or auto-scaling clusters that allow environments to expand and contract depending on your job load.


The Financial Services industry has long advanced the use of grid computing in many functional areas. Some common use cases that are driving adoption of AWS-enabled grid-computing capabilities include the following.

Capital Management and Reporting

Regulations such as CCAR, Solvency II, and FRTB require organizations to report capital positions, which calls for increased demand and frequency of simulation-based calculations for market, credit, and counterparty risk.

Learn how partners like IHS Markit are using AWS to address financial regulatory requirements »

 

Risk Management Portfolio Optimization

Flexible grid-computing capabilities allow portfolio managers to conduct simulations that: 1. identify risks within their portfolio of products, hedging opportunities, and areas for optimization; and 2. model the impact of hypothetical portfolio changes.

Contract Pricing and Valuation

The industry relies heavily on simulations for pricing and valuation of financial products, including credit and interest rate derivatives and variable annuities. This requires stochastic models with heavy use of Monte-Carlo simulation methods.

Product and Strategy Development

The development of new financial products requires extensive historical back testing and market simulations. Being able to spin up a development environment instantly with AWS is also a benefit that can accelerate product deployment.


Our AWS Solutions Architects frequently speak and write about grid-computing solutions and capabilities. Visit this section regularly to access the latest talks and thought leadership on building grids — optimized for your organizational needs.

Introduction to HPC on AWS

Introduction to Grid Computing (HPC) on AWS

Learn about getting access to thousands of processors with connections and tools to help you easily create your grid computing cluster.

AWS re:Invent 2016 | (FIN304) Grid Computing for Risk Management on AWS

Grid Computing for Risk Management on AWS

Learn how Financial Services organizations can leverage AWS grid-computing capabilities to perform large-scale calculations for risk management purposes.

Financial Services Grid Computing on AWS

Whitepaper: Financial Service Grid Computing on AWS

This whitepaper shares best practices for managing large grids on the AWS platform and offers a reference architecture.


By taking compute-intensive grid-computing workloads out of the data center and into the AWS Cloud, organizations are realizing increased speed, scalability, and cost-savings.

“We can run all 5 million policies in minutes, instead of the standard overnight run times. We can get a very accurate and unique picture of our customers’ market risk exposure — and there is no other solution that offers better performance at a lower cost for this business.”
Peter Phillips, Managing Director, Aon Benfield Securities, Inc.

“We began our journey with AWS  on our high performace compute cluster needs. It was made to order, hand-in-glove so to speak in terms of having a need for variable compute at a moment's notice. So rather than build the chapel for Easter Sunday, we can have just-in-time computing.”
John Trujillo, Assistant VP of Technology, Pacific Life

“We require enormous computing power to quickly and efficiently analyze the risks of derivatives and use them in trading, and I think that it would not have been easy to respond if it were not for AWS.”
Dr. Jeong Ho Chu, OTC management team, Yuanta Securities


Organizations that have qualified to be part of the AWS Partner Network (APN) have industry expertise, readily implemented solutions that align with AWS architectural best practices, and staff with AWS certifications. Learn more about APN partners that have been providing grid-computing solutions to the Financial Services industry.  

2nd Watch provides solutions for Batch Computing, HPC, and Big Data. Services also ensure compliance and security requirements, like Sarbanes Oxley, PII, and PCI-DSS.

Intel Cloud Edition for Lustre is a scalable, parallel file system that is well suited for large HPC cluster environments and has capabilities that fulfill I/O subsystem requirements.

CycleCloud is an enterprise solution for managing multiple users, running multiple applications, and enabling solutions so that users never wait for compute resources.

AWS Marketplace

AWS Marketplace is an online software store for organizations to find, buy, and immediately start using popular business software and applications running on the AWS cloud.

Learn more about AWS Marketplace »

To support the integration and deployment of Financial Services-specific solutions, AWS established the Financial Services Partner Competency Program to identify Consulting and Technology APN Partners with deep industry experience and expertise.

Learn more about Financial Services APN solutions »

We can help you get started with a consultation from our sales and architecture organization, or you can begin your own pilot today.

Contact AWS Sales | Create an AWS Account