Asset Control

Management of market and reference data is a crucial component for a successful and sustainable enterprise in the financial industry. Nagler & Company specializes in individualized market data systems built on Asset Control.

Software solutions from Asset Control offer a number of advantages for traders, processors, risk managers, and IT:

  • Reduced operational risk
  • Regulatory compliance
  • Quicker time-to-market
  • Greater productivity
     

Reference data

Asset Control delivers a centralized “Golden Copy“ from consistent information on financial instruments, corporate actions and counterparties. With a unique method for data enrichment, normalization and consolidation, Asset Control offers quality-assured and standardized reference data. The canonical data model is completely flexible and can be mapped to any instrument, data type, or computational model.
 

Market data

In the field of market data, determining the correct price through the proper application of business rules is crucial for assessing both risk and value. Asset Control’s software solutions deliver quality-assured price data for diverse valuations, including

  • End-of-day valuation
  • Market and liquidity risk analysis
  • Portfolio pricing
  • Historical time-series for stress-testing

 

Project summary

The market data infrastructure of the client required streamlining to cut costs and optimize available resources. The real-time market data supply was migrated from Reuters Selectfeed and Bloomberg BPipe-on-Demand (BPOD) to the new Bloomberg data feed service, Managed BPipe. No standard managed BPipe interface existed for Asset Control, so Nagler & Company designed and implemented an adapter, and configured the existing processes and data streams to handle the new source.

see illustration
 

Nagler & Company Tasks

Design, Implementation, Testing and Operations
 

Approach

Our procedural strategy Business Driven Technology starts with business needs as the basis for technical design. Our team's combined business understanding and technical know-how enabled us to reconcile the functional requirements, infrastructure landscape and technical constraints of the Asset Controland Managed BPipe systems.
 

Solution

The interface to managed BPipe builds a connection using the Bloomberg Java API. This connection is maintained throughout market database's uptime and subscribes to real-time data twice daily. To enhance reliability, there are two co-located interface instances that run simultaneously and execute a seamless failover in the event of problem on one side. In addition, all incoming data is saved for 24 hours to ensure that no ticks are lost in the event of connection problems with Asset Control.
 

Client benefit

Market data provision was optimized through the implementation of the new interface. The concentration on a single data provider allowed for significant direct financial savings. Also, unification and simplification of the system's technology reduced operational risk and improved both stability and maintainability.

 

 

Project summary

Setup, operation and extension of a central market and reference database, based on Asset Control, incorporating multiple data vendors and downstream systems.
 

Nagler & Company tasks

For more than ten years, Nagler & Company has been responsible for all market data maintenance activities, including:

 

  • Conception, design, operation and extension of the central market database for price and reference data for traders. The data system is based on AC plus, with interfaces to various data providers, as well as peripheral and subscriber systems.
  • Provisioning of real-time tick data, derivative market data market data (risk factors, correlations, implied volatilities, etc.) and index composition.
  • Integration of low-latency systems KDB+ systems with Asset Control.
  • In-house development of components for tracking corporate actions, calculating correlation mapping of instrument IDs or index component analysis
     

Approach

One-stop full-service provider
 

Solution

The illustration shows the integrated architecture based on the Asset Control market database, extended by in-house peripheral systems.

see illustration

 

Client benefit

With the complete takeover of support and development of the system, Nagler & Company was able to guarantee dependable service and data quality for years. The one-stop full service solution enabled us to add value throughout the market data lifecycle, from business concept and technical design to implementation, daily operation, and support. We focus on customer usability, which we accomplish through fast reaction times, high availability and short implementation cycles.

 

 

Project summary

Setup and extension of a market and reference database system based on Asset Control for IPV and Value at Risk calculations, including integration into the existing system and software environment.
 

Nagler & Company tasks

Nagler & Company developed a multitude of components for the integration of various data sources and consumers. The complete software development cycle, from specification to implementation and tests until the final go-live and integration of new components into daily operations, were part of the responsibilities. Consolidation of input data from several internal and external sources, optimization of workflows and processes within the Asset Control system, analysis and reporting of audit trail information and the setup of interfaces for data exchange with third party systems and departments like Front Office, Scenario Engine or R, were all part of the challenge. In addition, dedicated trainings for internal staff were performed by Nagler & Company to provide both basic and specialized knowledge required for operating the system.
 

Approach

All requirements were specified and implemented in short development cycles and in close coordination with the internal business and IT departments. Standard interfaces were used as much as possible in order to minimize the requirements for maintenance and operations. When business requirements demanded more flexible solutions which were not covered by the default functionality of the system, dedicated components were implemented and integrated into the system. For example, various third party systems like Calypso were provided with API modules which allowed a direct connection to Asset Control, enabling it to perform direct queries from the Front Office system into the market database without the potential delays and additional overhead of a batch-based data delivery.

Close contact with all involved parties during the development period and specific and targeted training sessions ensured a shortened training period and a seamless integration of new components into the production environment.
 

Solution

In cases where standard Asset Control functionality did not cover all business requirements, development of components was primarily done in Java and Perl languages, supplemented by Shell scripts and the Asset Control-specific scripting language Formula Engine for integration into the existing system environment. Test and release cycles were standardized through the use of Maven. The use of existing systems and technologies was crucial for providing additional synergies and reduce additional efforts as much as possible.
 

Client benefit

Using an integrated and holistic approach based on technical and business expertise, an optimal solution for the setup of the market data infrastructure could be provided. The implementation ensures performance and stability while lowering efforts for maintenance and daily operations.

 

Company