Fund management enterprises that wish to grow and prosper in today's environment must have adaptable transaction processing capabilities to handle a growing volume of trades; and a robust system for dealing with exceptions as they occur.
Here is how Mindtree revamped a leading fund management enterprises' trade processing system to equip it with new functionalities and allow it to win more business.
The customer's long-term strategy to win more business was being impeded by lagging functionality in their trade processing system, known as Tradeﬂow. Based on Cadis, an enterprise data management solution, the system was unable to support growing trade volumes and several technical requirements as well. For example:
Mindtree was asked to reengineer Tradeﬂow to achieve better performance and near real-time trade processing. To do this, we redesigned Tradeﬂow at both an architecture level as well as at a tool level.
Mindtree implemented an end-to-end solution based on the customer's existing strategic application architecture and processes. We also implemented AutoREL code to automate releases of Cadis-based projects.User interface screens are now more efficient thanks to proactive trade process monitoring, preemptively alerting middle office team to control and prevent exceptions. The team has also enabled batch processing of trade orders placed by the “thinkFolio” order management system. One key outcome of our work is that there is now a 20X improvement in Tradeﬂow throughput.
All systems use IBM message queues to communicate order processing status & share data securely