A Winning Strategy: Running the most Critical Financial Data on ASE 15

EXECUTIVE SUMMARY
This article highlights the business benefits of deploying ASE 15 and its features to pilot and build a new order generation system that could handle short positions and trading in derivative products such as Contract for Differences (CFD), where similar competitors’ products could not guarantee the delivery.

Around October 2007, the IT group of a major international investment house was requested by the business to build a new order generation system that could handle short positions and trading in derivative products such as Contract for Differences. The basic look and feel of the new application was to be based on an existing system. The business driver for this was the launch of two new funds by the company in May 2008. Consequently the timescales to produce the application were very aggressive.

Once the business firmed up the requirements, the IT group considered using Oracle as the database platform. However, there were risks involved in developing a pilot and going live in such a short time with this platform, and the business insisted on the delivery of the product in time for the May launch. After an initial assessment it was decided by IT that using a platform other than Sybase to develop this application’s backend would be too risky and the delivery could not be guaranteed, based upon past experiences including the reliability and in-time delivery using Sybase. Following further reviews the IT group decided to proceed with Sybase as the backbone of the new trading system.

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