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Scenario:

Our client’s requirements included:

• Multi-instrument, multi-currency real-time pricing
• Complex analytical requirements, model maintenance, control, and transparency
• Customization of display screens to match preferred color scheme and fonts and accommodate different trading styles and strategies in one system.

A software solution that met these requirements, and more, was needed in a very aggressive timeframe. Due to the complex requirements, it was evident that traditional approaches were not going to yield the desired results.

Ortess Solution:

Ortess made the decision to use Rapid Application Development (RAD) methodology with the first deliverable in 4 weeks and a twice-a-week release schedule to follow. To accommodate the aggressive release schedule, Ortess decided to rely on Excel as the presentation layer, .NET as the programming language, an internal analytical package, and Intersystems Caché as the database.

A carefully-selected technology stack has enabled the team to focus on business requirements and has virtually eliminated “busy” infrastructure-related coding such as presentation layer functionality, customization, relational data modeling, object-relational mapping, and aggregation routines.  The power of the Caché database has eliminated the need for Ortess to create an in-memory, distributed caching solution and a separate persistence layer.

Customer Satisfaction:

The desk has grown exponentially in the past 2 years with Ortess technology at its heart. An originally small project for a risk report has turned into a mutually beneficial, on-going relationship. Ortess has since delivered the desk a real-time analytical trading system with advanced analytics, risk management, P&L reporting, and straight-through processing.