IMPLEMENTATION OF INVESTMENT BOOK OF RECORD USING APACHE IGNITE - - PowerPoint PPT Presentation

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Aug 16, 2023 275 likes •363 views

IMPLEMENTATION OF INVESTMENT BOOK OF RECORD USING APACHE IGNITE RAFIQUE AWAN VP, WELLINGTON MANAGEMENT CHALLENGES FACED BY FINANCIAL FIRMS Data volume Scalability More regulation Complexity Emerging asset Time to market classes

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IMPLEMENTATION OF INVESTMENT BOOK   OF RECORD 

USING APACHE IGNITE

RAFIQUE AWAN VP, WELLINGTON MANAGEMENT

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CHALLENGES FACED BY FINANCIAL FIRMS

Data volume More regulation Emerging asset classes Scalability Complexity Time to market

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INVESTMENT BOOK OF RECORD (IBOR)

Trading systems Accounting system Other back office Portfolio management Risk management Regulatory & Compliance IBOR

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WHY APACHE IGNITE/GRIDGAIN

Horizontally scalable In-memory Co-locate data   and compute Distributed SQL Operational & analytic workflows Consistent IBOR

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LEGACY VS IN-MEMORY BASED IBOR

Time in seconds 5 10 15 20 Use cases Trailing 1-yr performance Daily holdings Daily exposures Legacy New

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LESSON LEARNED

One size   doesn’t fit all Memory is still expensive Early engagement Role of Apache Spark Durable memory GridGain IBOR

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BOTTOM LINE

IBOR Maximize return Latest technology  & innovation

“If we can provide a better pension for a firefighter, an additional scholarship for a student at a university, another hospital bed for an organization that’s involved in healthcare, because we’ve done a good job managing their portfolios, in our small way, we’ve been able to have a positive impact.” Michael Boudens, Director, Global Relationship Group

IMPLEMENTATION OF INVESTMENT BOOK OF RECORD