Abstract: There is disclosed a system and method for allocation of mainframe computing resources using distributed computing. In particular, the present application is directed to a system whereby a mainframe process intended for execution on a metered processor may be identified as executable on a non-metered processor. Thereafter, the mainframe computer may initiate execution of the remote process on the remote non-metered processor. If necessary, high-speed access to data available to the metered processor is provided to the non-metered processor. The process operates directly on data available to the metered processor. Once completed, the process signals the mainframe computer that the process is complete. Both metered and non-metered processor configuration and management may be accomplished using the administrative interface.