Newedge, a major global brokerage firm, selected Pivotal's products and solutions to modernize its post-trading architecture and create a more agile system. This included implementing a single, global platform for derivatives and equities trading using Pivotal's distributed cache. The new system provides improved client onboarding, global trade visibility, and proactive management of trade issues. It also allows for faster resolution of reference data problems and replay of trades without manual re-entry.

1. pivotal.io
PIVOTAL CASE STUDY
Newedge delivers enhanced post-trading platform
using Pivotal products and solutions
Newedge
Newedge is a major force in global multi-asset brokerage, with a world-
leading position in the execution and clearing of listed derivative
products. Formed in 2008 from a joint venture between Fimat and Calyon
Financial, it now does business on more than 85 global exchanges from 20
locations across 16 countries.
BACKGROUND
As part of a program of system modernization across its global post-trading architecture,
Newedge selected Pivotal products and solutions to create an agile architecture able to
respond to increasing demands in a dynamically evolving marketplace.
Newedge initiated its NVision strategy to ensure the future capability and scalability of
its global post-trading operations. Pivotal provided a cost-effective solution to create
an agile and flexible IT architecture that is also capable of absorbing sudden peaks of
trading activity in increasingly volatile markets. Group CIO, Alain Courbebaisse, says, “We
have successfully implemented the most advanced post-trading platform of the clearing
industry. Pivotal enables us to abstract technology from the business layer and provides us
with a consistent, global, multi-asset platform.”
SAME-DAY OPERATIONS MANAGED FROM A SINGLE, GLOBAL DASHBOARD
• Instant view of the business as it happens, wherever it happens
• Laser-like drill down for faster diagnosis and resolution
• ‘Cradle to grave’ visibility of trades including synthetics
KEY HIGHLIGHTS FOR BUSINESS
A single, global platform to handle trade
processing for derivatives and equities:
• Improved client on-boarding and
client service
• Global visibility of all trades in
realtime
• Proactive management of trade
breaks
• Repair and replay capability
independent of IT
• A single source for Reference Data
• Agile response to business demands

2. pivotal.io
PIVOTAL CASE STUDY
SIGNIFICANT IMPROVEMENT IN CLIENT ON-BOARDING TIME
AND CLIENT SERVICE
• Faster resolution window (investigate, resolve and re-submit)
• Able to resolve reference data issues once and propagate out
• Replay capability removes manual re-keying
Newedge also chose Pivotal products and solutions for a number of strategic
technology reasons:
• Its open source heritage meant that there was no threat of future lock-in to obsolete
technologies. The desire to ‘own’ the solution and be self-sufficient in future phases
could be realised
• Pivotal’s vision for its solution suite – to provide all the necessary products and services
to create an agile Platform- as-a-Service(PaaS)architecture–wasperfectlyalignedtothe
future needs of the global broker to ensure it offered a fluid architecture supporting an
agile business operation
• A desire to move towards a decentralised, cloud ready, ‘always on’ private cloud with no
single point of failure (SPoF) based around a staged event driven architecture
As well as the strategic alignment, the NVision program resulted in a number of further,
more tangible objectives being met:
• Support for higher clearing volumes and create a platform that is horizontally scalable as
more markets are connected to it
• Reduced time to market for new market adapters
• Global cache provides single version of the truth and removes synchronization issues
created by latency sensitive global flows
• Creation of a globally consistent trade flow across regions and exchanges, serving the
derivative and equity business seamlessly
KEY HIGHLIGHTS FOR TECHNOLOGY
A fit-for-purpose, fluid IT architecture:
• Based on Open source standards
that are cost effective to extend
• Synchronized global workflow
based off a Staged Event Driven
Architecture
• Cloud ready with no Single Point
of Failure
• Data fabric for propagation of
Reference Data globally
• Consistent message transformation
to industry recognized formats
• Business ownership of
mapping rules, IT ownership
of Exchange connectivity

3. pivotal.io
PIVOTAL CASE STUDY
“Our global deployment of Pivotal GemFire’s distributed cache gives me a single
version of the trade - resolving the hard-to-test-for synchronization issues that
exist within any globally distributed business application architecture.”
Michael Benillouche
Global Head of Data Management
CLIENT TESTIMONIAL
“ The NVision dashboard is like a search engine for my entire global operations,
I can navigate quickly to any trade irrespective of what system or region it
was made and track it from cradle to grave. I am now able to demonstrate
the effective control of our operations more easily to our key external
stakeholders worldwide: our clients, regulators and exchanges.”
— David Ribas, Head of Global Clearing Services, Listed Derivatives Operations
and Deputy Head of UK Operations
Newedge efficiently created a flexible business asset by using proven technology. The Pivotal
solution consists of open-source components (including Spring and Pivotal RabbitMQ)
combined with data infrastructure (Pivotal GemFire) and industry-leading support.
LEARN MORE
To learn more about our products, services and solutions, visit us at pivotal.io.
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