Research Analysis Support System for a Leading Russian Bank

Transcription

1 For more information about Luxoft, visit case study Research Analysis Support System for a Leading Russian Bank Summary Develop a comprehensive, intelligent database to support the bank s research department in market data analysis and the publications workflow. Client: One of the top three largest banks in Russia Business Area: Market analytics and research Asset Classes: Equities, Fixed income, Indices Technology Set:.NET 3.5: ASP.NET, WCF WWF, SMTP, AJAX, XSLT/XML, MS SQL Server 2005 Integration: SOAP 1.2, SMTP Pooling, SOA over WCF, Message Queuing User Profile: Research Analysts, Compliance, Editors, Desktop Publisher Geography: Moscow, London Relationships Status: Ongoing, Fixed Price Services Provided: Full cycle: Business analysis, Development, QA/Testing, Maintenance Team Size: 12+ Duration: 2+ years development and ongoing enhancements

2 Business Challenge In 2008, the bank began an initiative to build an in-house market research and analysis team. To support the new department, a solution was needed for: A comprehensive database of equities, bonds, currencies, indices, company financial indicators and more Automated import of market data from the MICEX and RTS exchanges and the Bloomberg agency Automated distribution of calculated market analysis data and reports to research analysts and other company subscribers via , as well as online, on-demand reporting Luxoft Delivered Solution Luxoft delivered the initial system on time and within the budget and new capabilities continue to be added as requested by the bank. Luxoft s market research database (RDB) was designed and populated with 10 years of historical market data and is automatically updated daily with current market information from financial information providers and stock exchanges. A wide range of standard ratios and parameters (i.e., yields, durations, spreads, yield curves, P/E, ROE, and MCAP) are calculated with configurable models and algorithms. More than 40 types of market data analysis reports are compiled in both Russian and English, with automatic distribution to company subscribers. Key business functions include market data management, data analysis, client or subscriber management, publication workflow governance, distribution management, and importing market data. 02

3 Figure 1: Research database functional framework RDB AUTOMATIC DISTRIBUTION LOAD BALANCING/ FAILOVER 24X7 AVAILABILITY CLIENT CRM INTEGRATION SUBSCRIPTION MARKET DATA DATA ANALYSIS FEEDS PUBLICATION WORKFLOW NEWS,EVENTS EXCEL-INTEGRATED DATA EXPORT REUTERS (PROJECTED) LIGHT-WEIGHT CUSTOM SOLUTION TARGET PRICES, COMPANY FORECAUST VERSIONS CUSTOMIZABLE FORMULAS, ALGORITMS AND FORMATING FIXED INCOME REPORTS AND BOND CALCULATION MICEX RTS BLOOMBERG SECURITY AND USER ROLES MS OFFICE 2007 INTEGRATED DOCUMENT VERSION CONTROL SUPPORT COMPANY FINANCIAL INDICATORS INDICES, CURRENCY PAIRS EQUITIES, BONDS EQUITY AND COMPANY REPORTS COMPILANCE INTEGRATION Future functionality will include improvements in publication workflow, document authoring, on-demand publications from ready-to-use calculated data blocks, additional analysis parameters in the Fixed Income analysis block, and development of an Internet Research Portal. Luxoft s solution uses an n-tiered, layered architecture for maximum stability and flexibility. Functional capabilities are supported by four main components: distribution, document storing, publication workflow, and market data imports. ANALYST / ADMIN INTERNET EXPLORER MAIL SERVER Figure 2: Research database solution architecture WINDOWS 2003 SERVER +IIS +.NET RUNTIME REPORT FILES ASP Web UI ER FEEDS EXCEL EXPORT FEED FILES DOMAIN MODEL SERVICES INTERNET DOCUMENT STORING COMPONENT (Custom WebDAV PROTOCOL IMPLEMENTATION FOR STORING REPORT FILES IN DATABASE) NHibernate DAL COMPONENT WORKFLOW WINDOWS WORKFLOW FOUNDATION ACTIVITIES ANALYST / ADMIN INTERNET EXPLORER MS SQL SERVER

4 er Component This component is dedicated to meeting the distribution requirements. It is designed to interact with multiple SMTP mail servers for failover purposes and can be dynamically configured. It also includes notifications for system health other types of alerts. Document Storing Component Documents in the system are stored in database. Access to documents provided via custom implementation of WebDAV protocol. Publication Workflow Component The publication workflow component governs the distribution of the research department s analytical report documents to subscribers. The workflow uses the Windows Workflow Foundation (WWF) technology to schedule and execute publication activities and to manage the external data exchange. Market Data Import Component (Feeds) This component is responsible for parsing, transforming and uploading market data feeds into the database. The data feed import process is optimized with centralized error handling, detailed logging, and load balancing routines. Benefits With Luxoft s technical expertise and advanced business domain knowledge, the bank realized the following benefits: Improved the quality of the analysis and interpretation of market data, facilitating better strategic and tactical decision-making Reduced risks with improved governance of best-practice compliance and improved data quality Added benchmark capabilities with 10 years of market history Increased productivity with automated distribution services Customer Feedback Detailed feedback is available on request. 03

5 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 Luxoft