Project Description
This project was undertaken for the Working Capital
Services division of a large Australian bank. The
division is responsible for processing of payments
and collections for corporate clients. The requirement
was to provide processing and workflow capabilities
for the bulk file processing and delivery of payments
and collection files.
The customer mandated the use of webMethods as their
strategic integration suite. IT&e was selected
for this project as the webMethods partner of choice
due to our in-depth technical and EAI capabilities.
Project Summary
IT&e built a B2B bulk payment file processing
and information delivery system that accepts client
files, via an internet based Interface Channel and
performs validation, processing, and delivery to the
Bank’s back-end systems. IT&e provided an
integration platform that is reusable and extendable
so that the Bank can promote new services offerings
with a quick deliver-to-market timeframe. At the time
of implementation the system was handling 960 files
per day with a peak data load of 140MB per hour.
The main processing component of the system was developed
using the webMethods suite of products - Enterprise
Server, Integration Server and Integration Developer.
The Operator Console is built in J2EE technology,
running on a Web Logic server using an Oracle database.
The hardware platform was Windows NT.
International Money Transfers (IMT) via the Internet
Project Description
The project was an implementation of a multi-channel
Internet site for International Money Transfers, with
the initial channel providing seamless integration with
the core Retail Internet Banking Site. The solution
allows bank clients to submit International Money Transfers
(IMT's) via the Internet, automating an existing manual
branch operation.
Project Summary
The total solution encompassed multiple technology
platforms, including IIS (Web Server), J2EE (Application
Server), webMethods (Integration Server), and SQL
Server and Oracle databases. The solution integrated
with the core Retail Internet Banking Site, multiple
back-end systems and data feeds. The solution demanded
very high systemic qualities, with an emphasis on
security, audibility, availability and reusability.
IT&e utilised webMethods for the integration
layer, integrating to back-end systems via both WebSphere
MQ Series and CICS. The integration layer adopted
an adaptor methodology for all integration points,
thereby achieving a high degree of isolation and reusability.
The Application to Integration Layer interface utilised
Web Services to achieve high reuse from multiple product
systems.
The end solution exceeded the client’s expectations
and was delivered within time and budget. The solution
provides reusability at the Infrastructure, Application
(Internet Channel) and Integration (for both Product
and Back-End systems) level. The client can now achieve
an STP rate exceeding 90%, whereas previously this
was below 20%. The net benefits over a 5 year time
frame from project initiation have been calculated
to exceed 20 million dollars.
Credit Risk Management
Project Description
The project was to install and integrate a solution
to measure Credit Risk across the entire position of
a large Australian bank including both commercial and
institutional trades (something never before attempted).
The accuracy of the risk results are to be increased
over time to allow the bank to improve its management
of risk and increase the capacity of the bank to perform
complex business transactions.
As the project covered all products across the bank,
integration was required across all trading systems,
both commercial and institutional. At the inception
of the project no central risk data warehouse existed,
hence all integration used direct connections to the
source systems themselves.
Project Summary
A tender was undertaken to select the best
credit risk application for both measuring the risk
and limit management. IT&e’s own in house
developed application Razor was the preferred solution
providing the most accurate analytical results combined
with a highly configurable and flexible limit management
solution.
ClarITe was selected as the middleware solution between
Razor and the integration layer. ClarITe is integral
to Razor as it is developed as the distributed processing
solution for its own internal communications. ClarITe
is designed to provide the efficient transfer method
required for the large data feeds along with the flexibility
of XML based documents to support the wide variety
of data structures utilised by the system.
C-SPARQ
Project Description
C-SPARQ is a highly distributed
applications for Limits, Market and Credit Risk calculations.
Communications between the various components are
facilitated through TCP/IP sockets communication and
IT&e’s XML messaging system, ClarITe.
ClarITe is used to facilitate the
transfer of data between the Credit Risk Engine (CRE)
and Credit Risk Limits (CRL) components of C-SPARQ.
User requested tasks performed via the web-based credit
risk limits system such as portfolio maintenance,
limit enquiries, trade contributions and pre-deal
checks use ClarITe to send the request to the CRE.
The CRE also uses ClarITe to return results to the
limits system.
Project Summary
- Microsoft Windows 2000 Advanced Server
- Microsoft Visual C++
- Microsoft Visual Basic 6.0
- Microsoft ActiveX/COM/DCOM
- Microsoft Transaction Server
- Microsoft Excel 97
- Microsoft IIS
- Microsoft SQL Server 2000
- Oracle 8.1.6
- IT&e ClarITe
Straight
Through Processing and Back Office Integration
Project Description
IT&e undertook a project for a high volume online
equities house with the key business objective to
provide a platform to integrate off-the-shelf and
bespoke applications. The key success factors for
this project were scalability, reliability and availability
of the solution, and completing the project within budget & on time.
The middleware based integration platform has to support
seamless price and depth updates for equities and
option markets, as well as a vehicle for trade execution.
Project Summary
IT&e implemented TIBCO and Microsoft MSMQ
as the middleware platform as they best suited the
clients requirements and technical infrastructure.
TIBCO provided a common transport to dispatch prices,
market depth, order placement, order amendments, order
execution and settlement. TIBCO was also used to manage
and maintain a distributed user session data cache.
This provides a stateless client environment, where
in case of a server outage, client sessions could
seamlessly move to a different server.
Microsoft MSMQ was used for function specific message
storage, forward and parsing queues, for example,
it was used to support the Order Placement Queue.
This ensured a very highly available and scaleable
environment where no trade is ever lost due to server
outages.
IT&e specified, designed, developed, implemented
and provided program management skills for the project.
The key challenge was to provide an in-place application
upgrade, where the incumbent application could work
in harmony with the new middleware layer. The initial
middleware environment was later extended to include
Options trading through a configuration change. The
simplicity of this upgrade speaks volumes about the
versatility and robustness of the implemented solution.
The IT&e Infrastructure Design, used a TIBCO message
bus setup with a mix of Multicast and Unicast to achieve
best results. The project design is based on an array
of Fault Tolerant TIBCO RVRD Daemons where outage
on any RVRD or RVD daemon does not affect message
delivery or client connectivity. This project achieved
and out scaled the project goals. It was put to a
real test post 9/11, where on Sept 12th 2001, the
client’s peak server load was 4 times their
previous high, and system performance remained within
the system specifications.
eTrading Platform
Project Description
The project was to develop an eTrading platform for
a large Australian bank to trade the following financial
products:
Project Summary
IT&e’s PTX (Private Trading eXchange)
product was selected to provide the presentation and
business layers with Microsoft SQL Server as the database.
The business layer had to integrate with the existing
back-end systems including:
-
CICS based applications running
on IBM Mainframe
-
Applications running on AS/400
-
A pricing engine implemented
as a COM DLL
-
Price feeds utilising TIBCO Rendezvous
IT&e worked closely with the clients in-house
development teams for the above systems to provide
the most effective integration solutions for PTX.
IT&e provided consultation and demonstration on
the most effective integration solutions taking into
account reusability and the customer current integration
platforms and development capabilities.
