| 1 |
Cooperative distributed (and parallel) computing will become mainstream in financial engineering due to a convergence of the following factors:
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| 2 |
Increased volatility due to globalization of financial markets
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| 3 |
Global distribution of data sources
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| 4 |
Increase in complexity of derivatives and risk management vehicles
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| 5 |
Increased demand for real-time asset allocation decision support
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| 6 |
Increased volume of raw data and need to process large databases
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| 7 |
Increased volume on the retail side of the spectrum in part due to on-line technologies (Internet and WWW)
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