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  WebSecurities Enterprise

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.

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.

Rapid Development
Flexible and adaptable framework
Supports enterprise-wide integration

Thin-client delivery of capital markets e-services
Java application servers and Enterprise Integration Architecture
Capital markets market data and legacy systems

WebSecurities Enterprise EIA uses Java application servers to host the business logic, combined with message-oriented middleware for connectivity and integration. Standard on-line data servers are used for transactional processing, partnered with warehouse and OLAP data servers for reporting and interactive analysis. Data integration is done using extraction, transformation, and cleansing (ETC) software. Services provided through the architecture are made available in thin-client applications, developed with Visual Basic, Java, HTML, third-party reporting tools and Excel.
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.

Click here to read about Custom software components
Click here to read about Financial software components
Click here to read about Enterprise Integration Architecture software components
Click here to read about Platform software components

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.

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.

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.

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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