|
|
|
Home >
Services
>
Fixed Income Services >
Technology >
Operations & Settlement System |
| |
|
Operations & Settlement System |
| |
|
Challenge:
-
This project
was a re-engineering of an existing Mortgage Allocation
System for a major investment bank. The legacy system exists
on a mainframe platform and was written in Natural and
ADABAS.
-
The system is
used to allocate and clear mortgage pools for all TBA
trades. Billions of dollars of mortgage trades get allocated
within a time span of a few minutes before each notification
deadline.
-
We undertook
the project to develop a C++ based system with MQ series
messaging on the Unix platform utilizing Sybase as the
database. The system demanded fast, real-time response rates
with EPN connectivity to MBSCC.
|
| |
|
|
|
|
|
|
|
Byte’s approach towards Solution |
|
|
 |
Analysis and design of the system through extensive
interaction with business users.
|
|
|
|
Continuous development cycle using onshore/offshore
teams. |
|
|
|
Team structure: 3 people in the US and 4 offshore
personnel for a duration of 12 months. |
|
|
|
The
India-based offshore team undertook development on
the client’s computers in the US utilizing Byte’s
International Private Leased Circuits (IPLC).
|
|
|
|
|
|
|
|
|
Value Add |
|
|
|
This
was the third attempt by the client at building a
robust system for their business. The two prior
attempts had failed due to insufficient knowledge of
this complex Fixed Income system. On successful
completion of production-quality phase I, Byte’s
team was contracted for further enhancements &
support. |
|
|
|
The
combination of Fixed Income expertise with a trained
offshore development team allowed the client to
build this system within a compressed timetable and
at a reduced cost.
|
|
|
|
|
|
|
|
