VERAX Case Study - Fixed Income Platform

VERAX Case Study | Fixed Income Platform

Finance Industry | Wealth Management / Investment

Project Overview:

  • A major Canadian Financial Institution identified the need for a single Fixed Income Platform. This enterprise-wide initiative combined disparate systems and manual processes across lines of businesses
  • “DSTS/BondOne” was chosen as the future Fixed Income technology platform. Integrating the DSTS vendor solution was a key aspect of the initiative to ensure seamless integration across the Client’s and their partner’s existing disparate technology platforms and systems
  • The solution addressed the following functional areas: Order Management, Pricing and Analytics, Transaction and Trade Management, Post-trade and Reporting Services

Approach:

  • An iterative approach was taken to ensure risk mitigation due to highly complex integration requirements and expedite delivery with minimal impact to the business
  • This initiative was delivered using a blended team approach. VERAX defined the architecture, design and development for the integration layer by providing a flexible, robust integration architecture backed up by a demonstrable proof of concept

Achievements:

  • A more seamless customer experience by significantly reducing end-to-end processing time while enabling the business to expand the breadth and the depth of the Fixed Income offerings in the future
  • Realized operational efficiencies and reduced costs by providing consistency of order entry methods across multiple lines of businesses and by providing a common technology architecture across all