Introduction
A leading global financial services firm sought a robust system to conduct pre-trade checks on orders from Private Wealth Management clients to ensure regulatory compliance. The firm recognized the criticality of this requirement and engaged Wissen to develop a solution that could execute pre-trade checks efficiently and transparently.
Analyzing the Problem
- Need for pre-trade checks for private wealth management orders
- Regulatory compliance mandates
- Requirement for transparency and auditability
Initial Challenges
- Absence of an efficient pre-trade checking system
- Complexity in setting up and managing rules
- Lack of transparency and audit trail
Our Solution
- Wissen's technical experts devised a solution focused on speed, transparency, and ease of use:
- Development of an ultra-fast pre-trade engine based on ANTLR
- Design and implementation of a custom domain-specific language (DSL) for rule setup
- Creation of an intuitive and transparent system for rule execution and management
Key Results Achieved
- Implementation of an extremely fast pre-trade engine
- Introduction of a custom DSL for easy rule setup by end-users
- Enhanced transparency and auditability in rule execution
- Simplified management and retrieval of audit trails for regulatory reporting
Conclusion
Wissen's innovative approach to developing a streamlined pre-trade checking system has enabled our client to meet regulatory compliance requirements efficiently. By leveraging cutting-edge technologies such as ANTLR and custom DSL, we have provided end-users with a user-friendly platform for setting up, managing, and transparently executing pre-trade rules. This solution not only enhances compliance but also empowers end-users to author rules independently, thereby ensuring regulatory adherence with ease.
