Case study loan trading banking luxoft for investment bank


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Case study loan trading banking luxoft for investment bank

  1. 1. For more information about Luxoft, studyLoan trading support system (LTSS)Summary13.09.2012Develop a workflow engine to support the business processes in loantrading operations.uu Client: Investment Bankuu Business Area: Market Data and Exchange Connectivity, Multi-AssetClass Trading, Portfolio Management, Credit Risk Management, RegulatoryReporting and Complianceuu Asset Classes: Loans, Equities, Fixed Income, FI Derivativesuu Technology Set: Oracle, J2EE, EJB, Struts, AJAX, SSO, Jasper Reportinguu Integration: LS2, Bloomberg, (through RMDW&SS)uu User Profile: Loan Operations, Legal Operations, Desk Operations,Traders, Sales, Analystsuu Geography: Europe, Asia, USA, Latin Americauu Relationships Status: Ongoing ODC, Bi-monthly releases, T&M basisuu Services Provided: Functional Analysis, Development, QA/Testing,Maintenance, Production supportuu Team Size: 8 team membersuu Duration: Over 4 years (development and support)
  2. 2. Business ChallengeLuxoft Delivered SolutionTo reduce risks and increase the operational efficiency of the loan tradingprocess, the client needed an automated workflow that insured complianceto best practices. The high-level requirements to support all aspects of thetrade operations workflow included:uu Visibility to all credit and trade details for the entire loan lifecycleuu Visibility to key performance indicators via an executive dashboarduu Clearly demarcated task ownership and accountability to removebottlenecks in the processuu E-mail alerts to task owners and counterpartiesuu Comprehensive executive and operational reporting to facilitate riskmanagementuu Entitlement-based access to trade information to maintain a high levelof confidentiality and securityuu Design for easy integration to corporate business support systemsuu Compatibility with other loan businessesLuxoft’s development team established best-practice processes forcommunication and loan trade execution and built the workflow onto arobust enterprise architecture platform.Trade transactions are created, edited, confirmed, canceled, maintained,terminated, and reviewed; and flexible workflows were designed to supportmultiple types of trade tickets and task checklists, ensuring that changes tothe business process flow are easily applied to the system. The new systemcommunicates with other applications via an enterprise bus, allowing theseamless exchange of data. Reconciliation processes ensure data integritybetween systems.Comprehensive risk and performance reporting provides the neededanalysis information for both long-term strategic and day-to-day tacticaloperations. An advanced, rule-driven e-mail notification module ensuresthat all operations are tracked and that each process owner or counterpartyis notified about the actions assigned to him or her.02Luxoft - Case Study
  3. 3. 03Luxoft - Case StudyBenefitsWith Luxoft’s technical expertise and advanced business domainknowledge, the client realized the following benefits:uu Significantly improved trade data qualityuu Decreased operational costs by increasing the workflow efficiencyuu Improved risk management by automating the workflow and providingviews of risk and performance across trading desksuu Reduced development and support costs with a flexible, scalableenterprise platformuu Reduced counterparty risks by formalizing counterparty managementbusiness processesLuxoft’s Loan Trading Support System (LTSS) is multi-branch capable andmanages complex trades worldwide from a single platform. It is currentlyinstalled in multiple branches located in Europe, Asia and America. TheLuxoft team offers effective solutions to architectural and technicalproblems, and offers services for on-going system maintenance andimprovement.LOANSDATAFEEDDISTRESSED CREDITS APPLICATIONEXTERNAL BUSINESSDATA SOURCESEXTERNAL BUSINESSDATA SOURCESAUTENTICATION& AUTHORIZATIONLOANTRADINGDATA WAREHOUSE& RISK MANAGEMENTAGREEMENTSMARKETTRACKINGREPORTING& SCHEDULINGCOUNTERPARTIESDESK OPSTRADE TICKETE-MAILNOTIFICATIONSTRADERSSALESLOAN OPSLEGAL OPSCHECK TICKETREPORTING
  4. 4. About luxoftLuxoft, a principal subsidiary of IBS Group, is a provider of advancedapplication and software engineering outsourcing services for global andregional enterprises. Luxoft builds partnerships with its clients, such asBoeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, basedon the culture of engineering excellence, innovation, and deep domainexpertise. Luxoft offers international delivery capability through its networkof state-of-the-art delivery centers in North America, Eastern Europe, andAsia. Luxoft`s customers benefit from the right mix of technology skills,industry knowledge, proprietary processes and methodologies, and achoice of engagement models.For more information about Luxoft,© 2012 LuxoftCustomer FeedbackDetailed feedback is available on request.