The Challenge:
A Top 5 Financial Institution purchased Allin's custom post-trade application, which was built in-house and incorporates key elements of algorithmic executions on multiple venues across global markets. The application provides a multi-faceted comparison of various brokers’ performance across multiple global markets and benchmarks.
After purchase, fair business practices required the client to house and support the data with a third party vendor who bore no legal relation. The decision to engage Allin was based on a few key factors, including Allin team’s ability to provide secure transactional support for a high volume of data, handle data aggregation from multiple sources, and support the needs of a demanding global client base.
The Solution:
Allin Consulting took over the application support for the client analyzing and processing data into the system for them on a daily basis, as well as managing Tier 1 application support 24x7. Allin’s team of financial consultants deliver a STP(straight through processing) rate of over 95% analyzing trading data coming in from top money managers, listing over 80 execution venues across the globe and averaging 100,000 trades on a daily basis.
Allin helped design network and datacenter layouts and configurations, as well as install hardware in 5 global datacenters. Walking in step with business requirements, deployment and testing steps were introduced to effectively implement application code revisions and additions.
Recognizing business users’ dependence on mission critical application parts, Allin evolved dynamic monitoring and escalation processes incorporating DR plans, COB exercises, etc, with better than average response times and on-demand availability.
The Benefits:
The client is able to leverage the relationship with Allin by enjoying reduced operating costs and improved ROI cycles. It can also guarantee its clients that their data is being housed by an independently-audited third party. This approach enables the client to concentrate their efforts on growing the business; while relying on the Allin’s team for a broker neutral analysis of the Financial Institution’s client’s performance evaluated against their peers and across multiple benchmarks and venues.
About Allin Consulting:
Allin Consulting solves the real world business problems encountered by its clients; emerging, intermediate, and large Fortune 500 size companies. With extensive domain expertise in the Financial Services and Healthcare industries and experience recognizing common problems across an industry group, Allin Consulting has a track record of successful business to business software and solution development.