Because middle- and back-office processing requirements are increasing in terms of volume, SunGard’s global trading business has developed a new Stream RIMS module: Eon.
The increasing use of algorithmic trading and split orders, particularly in Europe with the post-MiFID emergence of new trading venues, has led to higher transaction volumes of smaller amounts. Trading on the mature markets of the United States and Asia (Singapore, Hong-Kong, Japan…), and on fast-growing markets such as India and Latin America, calls for the ability to cope with a large number of transactions. Financial institutions have no choice but to implement a highly scalable processing infrastructure to overcome the hurdles set by ever-growing volumes.
SunGard’s global trading business has designed a brand-new module to support very high trading and messaging volumes. At the database level, the latest advances in ORACLE technology have been used including partitioning and advanced queues. Innovative application design has been implemented to provide unprecedented levels of throughput.
What’s new?
Key areas have been enhanced to utilise in-memory processing and multi-threading capability. The interaction with the database has been designed to optimise throughput by the creation of new transaction commit cycles. In addition to overall high volume processing, users require the ability to set business-driven priorities for the processing of different types of transactions. For example, DMA transactions could be processed ahead of care orders or transactions for key clients could be processed ahead of the rest. It is now possible to work with users and manage peak loads according to their business priorities.
Stream RIMS Eon is especially designed for middle and back office’s 2010 new needs, such as the ability to capture high volumes of trades, in addition to the more traditional needs of setting up rules for the real-time calculation of charges and confirmations, as well as managing netting and smart settlement routing for multiple clearing venues.
Social Media
View All Social Media