• Success stories

    Our main projects, carried out for different clients

Sources of information for internal applications

Client: international financial institution in the world’s top 10

Requirement:

  • The institution devotes a lot of resources to information source integration and maintaining these connections.
  • An incongruity exists because the same information comes from different sources.
  • When an incident occurs with the Online Broker, numerous employees for whom the information is intended try to find the cause of the incident.
  • Any change in presentation requires technical intervention.

Delivered solution:

  • The Siffeed platform centralises all the necessary content for the Online Broker: quotations, news, charts and graphics etc.
  • Maintaining the integration of different flows and content is carried out by Siffeed so that the changes are transparent for the institution.
  • Data consistency is achieved by providing a single feeding point.
  • Incidents are reduced and resolutions are streamlined by a single contact that centralises and resolves them.
  • Data configuration changes are made through a web interface, making technical intervention unnecessary.

Market Data Reporting Tool

Client: one of the main international financial information vendors

Requirement:

  • Our client needs a system which allows them to control to whom they distribute information.
  • This system must be a web browser which allows:
    • A rapid deployment to users worldwide.
    • Ability for end clients to configure their access directly in a simple and intuitive way.

Delivered solution:

  • MDR automates every process: customer orders, agreement confirmations, authorisations, etc.
  • Our customer can provide their customers with access to the tool, making their information management much easier and more flexible.
  • The tool sends reminders to system users containing information about pending tasks: order confirmations, contract validations, etc.
  • MDR becomes an entitlement tool as well as the centralised repository for stock market contracts.

Transparency in the use of terminals Thomson Reuters and Bloomberg

Client: international financial institution, among the 20 most solvent in the world

Requirement:

  • The institution wants to have information about their internal users such as traders, salesmen, etc. and what they really do at their terminals.
  • With this information they hope to identify possibilities for cost reduction, either at the market level, because of unused terminals, or whether, depending on how each terminal is used, it would be possible to change it for a cheaper alternative.

Delivered solution:

  • We install DART which allows the institution to have exhaustive information about the type of use made by every user of every terminal and contracted markets.
  • The institution obtains data not only about the information the users consume, but also if those users are the best candidates for particular types of terminal or whether they could obtain the information by other means.

Risk control in the derivatives area

Client: international financial institution in the world’s top 10

Requirement:

  • The institution needs to control the risk to its client portfolio in the derivatives area.
  • To have a tool that calculates margins in an identical way to the derivatives market.

Delivered solution:

  • We integrate JANUS Risk Manager which calculates margins in real-time in accordance with the methodologies of the markets and clearing houses. Margins are calculated taking pending orders into account and evaluating the worst net position.
  • The institution has total risk control: pre-order, post-order and post-trade.
  • The solution gives the institution the ability to calculate more than 60 risk variables: fat finger checks, position limits, balances and margins, Greeks, profit & loss, etc.

Inventory control system

Client: one of the main Spanish financial institutions

Requirement:

  • Managing and controlling contracts, services, terminals, applications, information flows etc. and who allocated the costs of the information sources.
  • To automate their processes to control information sources: contracts, billing, payments, allocations, etc.
  • To unify and centralise data so every department member has access to the same information.

Delivered solution:

  • Installation of INFOmatch, a program specifically for cost inventories which allows:
    • Registering contracts with suppliers.
    • Automatically assigning costs by person, department, etc.
    • Automatically reconciling received invoices to verify the contracted cost with the invoiced amount.
    • Studying and developing internal processes to optimise the management and maintenance of this information.
    • Creating a centralised repository for contracts, allocations, invoices, quotations, etc. where members of the department can instantly access historical information without a file limit.

Reporting consumption of information sources to stock markets

Client: international financial institution in the world’s top 10

Requirement:

  • The institution needs to report their end clients’ data consumption to the stock markets.
  • In parallel, they would like to optimise their data management and so reduce the cost of their stock market fees.

Delivered solution:

  • Siffeed Usage Control controls who consumes the information the institution distributes.
  • It calculates the best way of reporting to the stock markets. In this way, and depending on the clients’ consumption, the institution can decide whether a payment per request or a flat payment per user is more appropriate.
  • Installing this module allows the institution to achieve a cost reduction of several hundred thousand euros. .