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Case Study
Diversified Financial Services
 
Developing a ‘best-in-class’online securities trading system for a leading trading group in Japan
 
 
Client
A leading securities trading group in Japan with a dedicated division for undertaking research and systems development work focused on capital and financial markets. The client frequently undertake advanced technology investigations and evolve futuristic business models leveraging on global information and communication networks.
 
Challenge
To handle increasing business volumes and the heightened market demand for value, the firm needed to set up an easily accessible end-to-end trading system with the following features:
Support the buying and selling of a variety of securities instruments like stocks, options, futures, mutual funds and instrument trusts
Online access to details of trade execution as well as settlement information
Provision for necessary checks like valid business time checks, customer validity, account balance checks and business logic checks
Inbuilt payment and calculation services for the client
Calculation of the break-even pricing for squaring off an instrument taking into account commissions, transaction expenses,transfer tax
Multi currency support.
 
Solution

The system was developed in a dedicated Offshore Development Center with a team of over 20. The system was developed using 3-tier architecture with Netscape Application Server, Oracle dB and Netscape Enterprise Server. Server: Unix server with Netscape Application Server (NAS), Unix Oracle database server (version 7.3.4), Unix web server with Netscape Enterprise Server (version 3.0), all Sun Microsystems machines. Server programs residing on NAS server are written in Java and converse with the Oracle DB data. Programs in "C: receive and process the requests that are passed into MQ.

The key elements of the solution were :
Design and implementation of the Common Framework classes
Prototyping with Netscape Application Server to find out the right architecture
Coding of the Application logic (Business Logic) for the trading systems and code reviews.
Development of the MQ programs for the Mainframe connectivity.
Japanization of the User Interface (review only).
Onsite Testing and Deployment in the Test Setup.
 
Benefits
The project was conferred the 'best in class' award by the Ministry of International Trade and Information, Japan. It offered the following benefits:
The ability to trade in different financial instruments over the Web
Increased the market reach for the product
The Web based design enabled ease of accessibility to users
24 x 7 availability enabling anytime / anywhere trading capability
The user gets the advantage of discounted brokerage due to electronic transactions.
 
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