Derivatives Trading Platform

Cloud based solution for US financial market.

Customer

The US based financial engineering, information technologies and services company.

Business Challenge

The key business challenge was to develop the risk management engine for trading a broad variety of financial instruments and derivatives. The offers the best deals for traders, automate and control their routine operations. The function of the system is also to send the results to the external services and to the traders. Derivative trading platform provides a flexible API, through which it is possible to manage and control it.

Screenshots

Solution

INSART team gets fully involved in each project and this project wasn’t an exception. We’ve studied pile of documentation before we started application development. INSART team has participated in every project step from ideas generation to application development, deployment and support.

INSART provides full support and offers best professionals for our permanent customer needs including:

• documentation writing
• development of new versions of the product
• engineering and operational support for existing system
• deployment of the solutions at clients’ side
• technical support

Derivatives Trading Platform enables complete trading life-cycle. The trading live-cycle consists of the following steps:

• the application makes closing prices for respective product available for member firms within approximately 15 minutes after "market" has been closed;
• member firm trader logs into the system to see closing prices;
• member firm trader submits desired trades into the system;
• member firm trader receives confirmation about submitted trades;
• member firm trader confirms that submission is accurate;
• the system makes all confirmed submissions final within approximately 30 minutes after closing prices publishing;
• the system notifies member firms about closing of submission and appropriate algorithm starts running immediately;
• the system completes the algorithm within 30 minutes after the start;
• the system sends results: via email with attached result file, to original submission screen

Technologies

• Java/JEE (JBoss, PrimeFaces, Hibernate, etc.).
• Amazon EC2 for hosting, clustering and performance optimization.
• C# tool for Excel for operational application.
• Numerical computing environment R.
• Event System Esper.
• Web server Nginx.

Results

We delivered the following results that are the key success factors of the solution:

• the clustered platform using Amazon EC2 that performs under high real-time load;
• complex mathematical optimization algorithm to solve problem in short period of time;
• full integration with market confirmation engines.

Benefits

• INSART provided to the customer the full cycle of product development (from the writing of specification to the deployment of it in the datacenter of the customer).
• INSART was actively involved in the development of handy mechanisms of the system and in the deployment of the application in the Amazon cloud.
• INSART communicated with the external services that are associated with the full functioning of the system.
• The customer received complete scalable solution that can bring him profit and meet its business ambitions.
• INSART continues to cooperate with the customer, supports the developed system, and develops new features focused on new financial instruments.