For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
case study 13.09.2012
Back Office Solution for Post‐Trade Processing and Accounting Summary Extend the functionality of the Aladdin-Systems Securities platform to support post-trade processing, accounting, and the associated internal audit requirements.
uu Client: Global Wealth Management & Investment Banking Group uu Business Area: Corporate Banking, Finance and Risk Management, Back Office uu Technology Set: Aladdin, MS SQL, VB.NET, С# uu Integration: RECON, Aladdin, MICEX and RTS uu User Profile: Finance and Back Office Operations, Compliance uu Geography: Russia uu Relationships Status: T&M uu Services Provided: Full cycle: Business analysis, Development, QA/Testing, Maintenance uu Team Size: 6 team members uu Duration: 2.5 years
Business Challenge The client’s existing Aladdin-Systems Securities platform needed customization for post-trade processing and compliance to the associated Russian regulatory reporting requirements. The high-level business requirements included: uu Integrate the Aladdin Securities platform with trading and market data sources, Moscow Interbank Currency Exchange (MICEX) and Russian Trading System (RTS) stock exchange, via various trading terminals and applications uu Receive clearing files and develop exchange reports based on Aladdin technology uu Enhance Aladdin’s back office post-trade processing, financial accounting and reporting uu Consolidate trade data from various sources (i.e., the stock exchanges, Aladdin-Systems Securities, and Fidessa trading systems) for input to the exchange reconciliation system (RECON) uu Enhance security for internal auditing of all transactions
Luxoft Delivered Solution Luxoft’s team of technical and business domain experts developed the business requirements with the objective to insure that the customized features and the overall system would remain stable and reliable after future Aladdin-Systems upgrades. In addition to successfully fulfilling all business requirements, Luxoft developed a full set of regression testing scenarios that were used each time an enhancement or an Aladdin upgrade was deployed, insuring that the business critical operations were never impacted. The system was successfully implemented on time and within the budget.
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Benefits Luxoft’s solution provided the global wealth management and investment banking group with the following benefits in their asset management processes: uu Greatly reduced future maintenance costs and the risk of downtime by providing a clean development of the customized Aladdin platform uu Reduced the risk of additional costs that could be incurred from regulatory non-compliance uu Reduced operational costs and improved cash management by integrating the Aladdin and Fidessa trade data with the exchange reconciliation system (RECON) uu Improved risk management through enhanced, secure internal auditing
Customer Feedback Detailed feedback will be provided on request. .
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About luxoft
Luxoft, a principal subsidiary of IBS Group, is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of stateof-the-art delivery centers in North America, Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models. For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
Š 2012 Luxoft