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WebSecurities
Enterprise efficiently delivers customized capital markets e-services.
When providing project-based services to create business solutions
the temptation often arises to “reinvent the Wheel.” Each customer
has different needs and demands, and requires a customized approach.
WebSecurities Enterprise provides the foundation to provide a custom
solution without unnecessarily duplicating efforts, resulting in
the most consistent, efficient service possible. WebSecurities Enterprise
assures that complex projects can be completed with repeatable consistency
and predictable cost, while maximizing resources, delivering measurable,
high-quality results, and greater customer satisfaction.
Overview
Financial
service companies want to leverage current software infrastructure
and assets, integrate those legacy systems into new e-business services,
develop and deliver new custom services based on proven technologies,
and deliver these services to their customers on a scalable, extensible
platform. All of this must be done in Internet time.
WebSecurities Enterprise addresses these somewhat conflicting demands
by providing an enterprise integration architecture (EIA) tailored
specifically to the capital markets. This architecture supports
rapid content development with reusable business components that
represent the core logic of the capital markets - instruments, algorithms,
business flow, regulatory rules, and market data. These components
are designed to be extended to support each customer’s proprietary
algorithms or custom data models. Hosting business content on application
servers, providing separate data servers for enterprise reporting,
and separate servers for transaction processing, helps provide system
scalability.
Benefits:
Rapid Development
Customizable
Flexible and adaptable framework
Supports enterprise-wide integration
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Component
Architecture |
WebSecurities
Enterprise is based upon a component architecture, which is designed
to support the rapid deployment of e-services for the capital markets
industry. WebSecurities Enterprise consists of the following main
functional areas: custom components, financial components, integration
components and platform components.
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Custom
Components |
The custom
components allow clients to meet specific service requirements,
and brand their product with a unique user experience. Thin-client
UIs are customizable to client specifications. Custom servers provide
client specific functionality.
WebSecurities
Professional Services staff provides the necessary customization
and integration to ensure client satisfaction. These key ambassadors
are empowered to over-deliver and out-perform the client’s needs
and requirements. Customization is typically done at the client
site, with the source code brought to the client site for the duration
of the customization and implementation stage. Domain experts also
work on site with the client to help our clients’ fully exploit
the business opportunities created by WebSecurities Enterprise.
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Financial
Components |
The financial
components of WebSecurities Enterprise provide the capital markets
business logic across asset classes. The core piece of the financial
content is a Java class library that contains financial frameworks,
business objects and data flow. The financial frameworks include
components for building and integrating financial algorithms, managing
market data, representing instrument defaults and templates, and
maintaining registries of market convention information. A uniform
and consistent model of representing and decomposing instruments
of varying complexity, from simple equities to complex derivatives,
provides the framework to rapidly develop new instruments. The financial
content also includes ready-to-go business objects for instruments
from swaps to equities, including algorithms for cashflow generation,
risk management, P&L decomposition, pricing, order routing, commission
calculation and much more. The financial frameworks come with two
different data models for reporting – a relational model for warehouse
reporting, and an OLAP data model for interactive analysis.
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Integration
Components |
Event-oriented
systems have been used in the capital markets industry for as long
as there have been price feeds. Their use is growing rapidly to
support real-time, straight through processing, business-to-business
and business-to-customer processing. WebSecurities provides an event
framework that separates the business logic from the vendor specific
details of the event systems. Each WebSecurities server can process
simultaneous events from multiple event systems. The event framework
also solves the problem of rapidly integrating, new or proprietary
event mechanisms. WebSecurities Enterprise integrates with common
protocols such as FIX, CMS, and Reuters.
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Platform
Components |
The platform
components in WebSecurities Enterprise provide frameworks to address
the very specific problems of the capital markets. The persistence
frameworks address the problem of integrating the business objects
with relational databases. The mapping can be as simple as equity
trades, or as complex as derivatives contracts with multiple legs,
each with custom cashflows. JNDI is used to allow mapping to different
sources of master data, such as securities or customers. These persistence
frameworks are vendor independent. WebSecurities Enterprise also
provides certain common server components, such as test suites,
thread-safe logging facilities, configuration facilities, and exception
handling that are independent of the application server used for
hosting.
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