Soon, cloud capacity will be available in a spot market | ZDNet
Summary
6fusion, a cloud ROI tools vendor, and CME Group, a global derivatives marketplace, just announced they have signed a definitive agreement to develop and market an Infrastructure as a Service (IaaS) spot exchange that will list financial products based upon 6fusion’s Workload Allocation Cube (WAC) . The Infrastructure-as-a-Service (IaaS) Exchange will offer access to the underlying components of cloud computing: processing power, storage, networks, and systems messaging. Many organizations have excess computing capacity within their own data centers, and this could open the door to assigning real economic value to their systems. The spot exchange will feature contracts using the WAC as the standard unit of measurement and be available for trading on an electronic platform using technology licensed from CME Group. Such an exchange is in line with the way energy is now valued and priced, Reuven Cohen, chief cloud advocate at Citrix, observed in a Forbes commentary.