For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
case study 13.09.2012
Direct Market Access Application Summary Develop a direct market access system for low latency data transfer to and from worldwide stock and derivatives exchanges into the bank’s trading applications.
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Client: A top ten global investment bank Business Area: Equities and equity derivatives trading, Front Office Asset Classes: Equities, equity derivatives Technology Set: C++, Java, Solaris, Linux, Windows, ACE, Boost, Rational Purify, Rational Quantify, Rational Pure Coverage, Flexelint, Clearase, Doxygen, Proprietary Exchange Adapters, FIX/FAST Protocol Integration: Global exchanges (UK, Europe, USA, APAC) and trading, pricing, and portfolio management applications User Profile: Traders Geography: UK, Russia Relationships Status: Ongoing ODC, T&M Services Provided: Development, QA/Testing, Maintenance Team Size: Up to 5 team members Duration: 2+ years development and ongoing maintenance
Business Challenge In order to lower costs and increase visibility to trade opportunities, the bank initiated a project to develop a direct market access solution for their equities and derivatives business, with support for multi-leg trading. The high-level requirements for the system were: uu Compliance with the highest level of service in stability, performance and latency uu Flexibility in modifying and adding data exchange formats uu Seamless integration with multiple bank applications, including algorithmic trading, manual trading and risk management
Luxoft Delivered Solution Luxoft’s team of business and technical experts designed a system that met all of the business requirements and delivered several new business-critical capabilities. The innovative system architecture was designed for optimal performance and stability. The key features of Luxoft’s direct market access solution were: uu Enhanced support for automated trading through the use of multiple trading connectors to improve performance uu Creation of benchmarks to continually monitor and improve trading connector performance uu Constructed using the Financial Information Exchange (FIX) communication standards for flexibility and scalability uu FAST protocol data standard is used for improved message rates and reduced bandwidth requirements uu Integrates multiple market data streams The Luxoft team conducted comprehensive and rigorous code reviews and test coverage to ensure system reliability and stability after each release, all of which were delivered on time and within the budget.
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Benefits Luxoft’s solution provided the bank’s equities and derivatives trading business with the following benefits: uu Capabilities that support advanced trading strategies and algorithms through the use of new, low-latency connectors uu Reduced costs through integration between the exchanges and the bank’s trading and portfolio management applications uu Significantly improved performance through multiple trading connectors uu A flexible, scalable system architecture to keep maintenance and support costs low uu Automated benchmarking to maintain optimal system performance
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 state-of-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