Introduction
A leading global financial data and analytics provider partnered with Wissen to address major scalability issues with its existing performance attribution platform. The firm sought to revamp the platform to enhance scalability, introduce advanced visualization capabilities, and support multi-asset class portfolios with different attribution models.
Analyzing the Problem
- Scalability issues with existing performance attribution platform
- Need for enhanced visualization capabilities
- Requirement for multi-asset class support with diverse attribution models
Initial Challenges
- Re-computation of results for client jobs daily
- Lack of efficient storage and calculation mechanism
- Selection of a suitable visualization platform
Our Solution
- Wissen's talented team conducted a thorough analysis and devised an innovative solution:
- Implementation of incremental calculation and result storage
- Development of a fast-linking engine for a full period of result generation
- Selection and customization of Spotfire as a visualization platform
- Creation of custom dashboards and selection tools for enhanced analysis
Key Results Achieved
- Introduction of robust visualization capability for performance attribution
- Reduction in job run time by 80-90%
- Successful support for multi-asset class portfolios with diverse attribution models
- Significant industry attention and recognition
Conclusion
By leveraging Wissen's expertise, the client successfully transformed its performance attribution platform, addressing scalability issues and introducing advanced visualization capabilities. The innovative solution enabled quick and robust comparison between current and historical performance factors, empowering users to make data-driven decisions. With enhanced storage capabilities and efficient calculation mechanisms, the platform achieved significant improvements in job run time, resolving scalability issues and ensuring seamless performance attribution for multi-asset class portfolios. The introduction of rich visualization functionality became a primary selling point for the product, receiving significant industry attention and recognition. Overall, the collaboration with Wissen has enabled the client to enhance its competitive edge and deliver value to its customers in the financial data and analytics space.
