luxoft software development

1. For more information about Luxoft, visit
www.luxoft.com
www.luxoft.com/financial-services/
case study
Direct Market Access Application
Summary
13.09.2012
Develop a direct market access system for low latency data transfer to and
from worldwide stock and derivatives exchanges into the bank’s trading
applications.
uu Client: A top ten global investment bank
uu Business Area: Equities and equity derivatives trading, Front Office
uu Asset Classes: Equities, equity derivatives
uu Technology Set: C++, Java, Solaris, Linux, Windows, ACE, Boost,
Rational Purify, Rational Quantify, Rational Pure Coverage, Flexelint,
Clearase, Doxygen, Proprietary Exchange Adapters, FIX/FAST Protocol
uu Integration: Global exchanges (UK, Europe, USA, APAC) and trading,
pricing, and portfolio management applications
uu User Profile: Traders
uu Geography: UK, Russia
uu Relationships Status: Ongoing ODC, T&M
uu Services Provided: Development, QA/Testing, Maintenance
uu Team Size: Up to 5 team members
uu Duration: 2+ years development and ongoing maintenance

2. Business Challenge
Luxoft Delivered Solution
In order to lower costs and increase visibility to trade opportunities, the
bank initiated a project to develop a direct market access solution for their
equities and derivatives business, with support for multi-leg trading.
The high-level requirements for the system were:
uu Compliance with the highest level of service in stability, performance
and latency
uu Flexibility in modifying and adding data exchange formats
uu Seamless integration with multiple bank applications, including
algorithmic trading, manual trading and risk management
Luxoft’s team of business and technical experts designed a system that met
all of the business requirements and delivered several new business-critical
capabilities. The innovative system architecture was designed for optimal
performance and stability. The key features of Luxoft’s direct market access
solution were:
uu Enhanced support for automated trading through the use of multiple
trading connectors to improve performance
uu Creation of benchmarks to continually monitor and improve trading
connector performance
uu Constructed using the Financial Information Exchange (FIX)
communication standards for flexibility and scalability
uu FAST protocol data standard is used for improved message rates and
reduced bandwidth requirements
uu Integrates multiple market data streams
The Luxoft team conducted comprehensive and rigorous code reviews and
test coverage to ensure system reliability and stability after each release, all
of which were delivered on time and within the budget.
02Luxoft - Case Study

3. 03Luxoft - Case Study
Benefits
Customer Feedback
Luxoft’s solution provided the bank’s equities and derivatives trading
business with the following benefits:
uu Capabilities that support advanced trading strategies and algorithms
through the use of new, low-latency connectors
uu Reduced costs through integration between the exchanges and the
bank’s trading and portfolio management applications
uu Significantly improved performance through multiple trading
connectors
uu A flexible, scalable system architecture to keep maintenance and
support costs low
uu Automated benchmarking to maintain optimal system performance
Detailed feedback will be provided on request.

4. 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
www.luxoft.com
www.luxoft.com/financial-services/
© 2012 Luxoft