Advances in Computational Finance and its Application in Distributed Systems

在2008年市场崩盘之后，许多世界经济体似乎正在缓慢复苏。然而，由于它们之间的相互依赖，在德国等一些发达国家，经济衰退的危险仍然迫在眉睫。即便在《多德-弗兰克改革和消费者保护法》等新法规要求所有衍生品工具必须抵押以消除交易对手风险之后，这种情况仍在发生。期权是常见的衍生工具之一，期权定价是金融学研究问题的中坚力量。 图拉西拉姆博士的研究项目涉及金融衍生品、分布式资源管理等看似互不相关的领域。通过精心设计的方法和技术途径，他的研究发现了连接这些领域的一些基本原则的存在。他过去的研究中的数学和计算部分帮助发现了一些隐藏的联系，也是当前任务进一步发现这些联系之间隐藏关系的动力，从而使所有这些领域都受益。通过这一新的研究计划，他计划在加拿大培养一批新的高素质研究人员。 图拉西拉姆博士的研究将使用现代计算机和受自然界启发的先进计算技术来研究金融问题。他的研究将有助于更好地理解某些金融工具的行为。研究成果将有助于加快投资决策过程，从而避免数百万投资者的潜在经济损失。该研究可用于云服务等公共计算平台的资源定价。云是一种分布式系统，在这种系统中，内存、数据存储、带宽等服务可以随时随地以现收现付的模式提供。 从本质上讲，Thulasiram博士的研究成果将回答金融市场和常用云资源中新引发的一些问题，例如：(I)金融和云计算之间可能存在什么关系？(2)投资于某一特定衍生工具是否有机会获利？(3)一个人(个人或组织)如何评估风险价值，以持续平衡其财务状况？(Iii)如何准确衡量市场波动性以获取盈利机会？(V)消费者是否为他们租用的云资源支付了公平的价格？(6)如何消除所获得资源与租用资源之间的风险？(Vii)服务提供商如何在满足客户服务质量的同时保证其业务的利润？()供应商如何扩大业务，实现资源的最佳利用？(Ix)云能否在不损害投资者隐私和投资工具安全的情况下用于金融衍生品咨询服务？

Many world economies seem to be slowly recovering following the 2008 market crash. However, due to their inter-dependence, there is still the looming danger of recession in some developed countries such as Germany. This is happening even after new regulations such as the Dodd-Frank reform and consumer protection act required all Derivative instruments to be collateralized to eliminate counter-party risks. Options are one of the common derivative instruments and pricing options is the backbone of research problems in finance. Dr. Thulasiram’s research program spans into areas that are seemingly unrelated to each other such as financial derivatives, distributed resource management. With carefully designed methodologies and technical approaches, his research has discovered the existence of some fundamental principles that connect these fields. The mathematical and computing components of his research in the past helped discover some of the hidden links and is the impetus for the current mission to further uncover such hidden relationships among them, thereby benefiting all these fields. Through this new research initiative he plans to train a fresh class of high quality research personnel in Canada. Dr. Thulasiram's research will use modern computers and advanced computational techniques inspired from the natural world to study problems in finance. His research will allow for better understanding of the behaviour of some of the financial instruments. The research results will help speed up the decision making process for investments, hence to avoid potential financial losses for millions of investors. This research can be used in common computing platform such as Cloud for resource pricing for services. Cloud is a distributed system where services such as memory, data storage, bandwidth etc., are available any time any wherer as a pay-as-you-go model. In essence, Dr. Thulasiram's research results will answer some newly aroused questions in financial markets and on commonly used Cloud resources such as: (i) What could be the relationship between finance and Cloud computing? (ii) Is there any opportunity to profit investing in a particular derivative instrument? (iii) How can one (individual or organization) evaluate the value-at-risk to continuously balance their financial health? (iii) How can the market volatility be precisely measured for profit making opportunities? (v) Are consumers paying a fair price for the Cloud resources they rent? (vi) How can one eliminate risks involving acquired versus rented resources? (vii) How can a service provider guarantee profit for their business while satisfying the quality of service for customers? (viii) How can providers expand their business for optimum utilization of their resources? (ix) Can Cloud be used for financial derivatives advisory services without compromising the privacy of the investor and security of the investment instruments?