An overview of the complexity of IT systems in investment banking and the key challenges in building a global trading platform.
Financial products like bonds, interest rate swaps, and credit default swaps have complex parameters that IT systems must handle correctly.
Trading involves external clients and bank dealers interacting across numerous electronic trading venues, each with unique interfaces and protocols.
The architecture uses market connectors for venue-specific logic and an order management system for common tasks like validation and routing.
Onboarding a new venue involves many steps, and a non-scalable approach leads to hundreds of tech stacks and slow time-to-market.
The settlement process, where assets are transferred, can fail if trade data is incomplete, necessitating preventive controls to validate inquiries upfront.
A scalable architecture separates venue-specific logic into market connectors while centralizing generic business logic like routing in a configurable framework.
New validation rules are rolled out in a non-blocking "soft mode" with monitoring to avoid disrupting high-volume workflows, supported by business analysts.
A recap of the platform structure, key challenges like venue onboarding and validation, and the architectural solutions that address them.
27:19Pratishtha Pandey
24:25Florian Lenz
50:06Jens Happe
21:14Andrey Semenyuk
24:47Manfred Steyer
24:26Alexej Sommer
21:19Maik Wietheger & Jan-Christoph Schlieker
25:05Eberhard Wolff
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Jobs that call for the skills explored in this talk.
DZ BANK AG
Frankfurt am Main, Germany
SMG Swiss Marketplace Group
Canton de Valbonne, France
CONTIAMO GMBH
Berlin, Germany