Cloud Computing Wiki

Financial Computations in Cloud

In 2007, Khazret Sapenov implemented Mathworks MATLAB/LSF solution to run financial computations (risk modeling, portfolio optimization, pricing/structure, tech trading, Black-Sholes and other complex mathematical models) in Amazon Elastice Compute Cloud. He also lead an initiative of creating an adapter to allow scientists and analysts execute distributed computation in cloud, thus reducing costs, improving performance and decision making.  
There were also suggestions to use Octave and Star-P for same purposes.