Capital Markets

We have delivered a number of IT transformation programmes within the capital markets. We have been involved throughout the entire lifecycle, defining the strategy, delivering the solution and managing the resulting operational systems. 

Some examples of our experiences include:

Model Trading Framework for Investment Bank
We were engaged to deliver an integrated model trading framework to provide our investment banking client with access to markets for FX Spot trading and FX, Equity and Interest Rate futures. Key to the successful delivery was our ability to amalgamate post trade data from a number of FX Spots (Lava, Currenex, Hotspot, EBS SpotAi) and support the aggregation and splitting of FX Spot and Futures trades for middle office booking.

FX Trading Platform for Global Financial Information Organisation
BJSS was appointed to support a project to replace a Foreign Exchange trading platform, which had been in production for almost 20 years.  The requirements included a faster system (sub-millisecond message latencies), equally as reliable (99.99% up time), horizontally and vertically scalable and able to integrate with the clients’ existing user base which consisted of over 3500 branches and 10,000 end users. The first release seamlessly brought all users on to the new system without any impact on the live service.

Low latency Trading Platform Development and Delivery
We designed and developed a SOA to provide a common framework for system integration of disparate systems within a bank's cash equities business. Latencies of <100 microseconds were required across proprietary interfaces and data representation models.

Delivery of Direct Market Access Capability for Global Financial Markets Product Provider
We helped to defend and develop market share in Latin America (a major growth region for our client).  We were asked to provide assistance to deliver Direct Market Access (DMA) capability to major exchange equity and derivatives trading customers in South America.  BJSS led the technical engagement and provided Technical Programme Management expertise.  Following acceptance we led the core part of the implementation and managed a multi-disciplined technical team who had responsibility for delivering the technical delivery streams.

Portfolio Trading System for Large Investment Bank
Our client’s Sales Trading Desk wanted to provide their customers and potential customers with a set of analytical tools they could apply to their portfolios as an introduction to the kind of expertise available to them. We were asked to build an internet-based tool that would allow people outside of the bank to securely upload portfolios (in a wide variety of formats) and execute a variety of proprietary pre-trade or post-trade analytics on the portfolio and display the results. The solution delivered ‘plugged in’ models derived by the bank's Quants team which provided pre-trade analytics in tabular and graphical formats. 

Algorithmic Trading Reporting Platform
Our client was looking for a partner to assist them in writing support applications and diagnostic reporting for their Algorithmic Trading Platform using a combination of bespoke software and TIBCO Spotfire. The solution delivered a complex series of reports and outputs which are used for daily post-trade analysis, algorithmic trading performance monitoring and diagnostics. The solution has now been deployed to the clients’ Europe and Asian trading arms, feeding into the creation of new trading strategies and also distributes external content to drive sales and service customer queries.

Right-Shore Development Team for Large Investment Bank
We operate a core off-site team from one of our UK Development centres, which is well versed in the clients’ systems and technology set, at an agreed price.  The bank has the ability to quickly increase the team and add fixed-price development projects for the short or longer term.

Junior Software Development Programme for Investment Bank
We operate a junior software development programme for this client.  Developers with strong academic backgrounds, who meet BJSS’ stringent recruitment standards, are provided to augment existing mixed client/BJSS project teams. We engage in regular discussions regarding predicted resource requirements with the client in order to assure the availability of a suitable pipeline of appropriate candidates.  The agreements run for a fixed-term, after which the client is able to approach the candidates with an offer of permanent employment.

FIX Messaging Infrastructure for Global Sales & Trading Exchange Service Provider
Our client needed to extend its order routing capability to support the growth of its flagship equity and derivative trading desktop product. We were asked to project manage the delivery of a new, fully-resilient FIX messaging infrastructure which included the implementation of a third-party FIX engine.  The implementation also incorporated a full data centre deployment which we ensured was fully integrated into the wider organisation for other core operational activities.

FX Trading Portal for UK Investment Bank
We were engaged to build an FX trading portal for use by our clients wholesale customers.  The front-end includes streaming prices, historical and real-time charting, a trade blotter, research and news articles and many more features. The technology is Oracle, Websphere and Diffusion, connecting to a third party services for CMS, charting, news and internal bank services for analytics and a trade blotter, all built on an elaborate authorization model.