Case Study

Consolidated Audit Trail (CAT) readiness program for a Multinational Bank

HIGH LEVEL OBJECTIVES

  • Develop/enhance CAT Readiness Conformance Plan & Program Governance
  • Firm Designated ID (FDID) Recommendation and Implementation Plan
  • CAT Phase 2a & 2b requirements by system/platform (trading workflows, technical requirements, etc.) and End-to-End Coordination
  • Vendor release oversight and governance
  • The establishment of an end-to-end testing and defect management process

DELIVERABLES

  • CAT Readiness Conformance Plan
  • FDID Recommendation document and Implementation approach
  • Vendor/Internal system technical/business requirements/analysis
  • Roadmap with Readiness Report
  • Develop comprehensive Test cases, testing procedures and Training materials

Asset Management vendor platform implementation for a mid-size Broker dealer

HIGH LEVEL OBJECTIVES

  • Technology transformation across all of the Asset management to meet new business demands and fulfill regulatory requirements
  • Vendor feature-function gap analysis and drive selection process
  • Identifying and implementing Business Intelligence (BI) tool for Sales and Revenue reporting
  • Program management

DELIVERABLES

  • Gather business requirements, perform gap analysis and make recommendations
  • Drive program by program implementation process of the vendor platform (total 9 programs)
  • Establish Data strategy to bring predictability and consistency into sales and revenue reporting

Optimizing Technology cost during challenging market conditions.

The fluctuations of financial services firms' business volumes reflect the cyclical nature of the overall financial markets. These fluctuations require that executives and technology leaders have the ability to restrict spending levels in market downturns and quickly scale up when business volumes rise again. During previous periods of market turbulence, executives have demanded budget cutbacks and cost savings from their IT organizations in order to maintain certain levels of operating margin for a group of businesses. However, because many IT costs are fixed, IT executives have limited options for reducing expenditures with the typical cost-saving initiatives entail rationalizing IT assets and resources and renegotiating vendor contracts.

Case Study 1

HIGH LEVEL OBJECTIVES

  • Define vision for the combined Technology Group by taking into consideration business priorities
  • Identify synergies across various technology teams - Development, QA, System Administration, Networking and Operations – Total 160 staff
  • Develop plan to consolidate the infrastructure – five datacenters, two office locations

DELIVERABLES

  • Reorganized Development and QA teams to focus on new business while supporting current business
  • Built fully redundant high performance network ring between three datacenters
  • Reduced 40% of technology cost that includes infrastructure and people in 18-months

Case Study 2

HIGH LEVEL OBJECTIVES

  • Transform Trading platform to Next - Generation platform
  • Optimize technology spend and improve efficiency and customer satisfaction
  • Consolidate Data Services subscriptions by integrating technology platforms
  • Implement improved procurement process to drive down overall Data vendor costs

DELIVERABLES

  • Building of Next-Generation Trading platform – new platform has significant reduction in foot-print and exponential improvement in latency/system performance
  • Redesigned network connectivity to market centers to significantly reduce recurring Telco cost
  • Prepared product integration strategy and high level execution plan to eliminate six Market-data ticker plants and three OMSs to reduce 25% of recurring Technology spend (Infrastructure, People and Data)