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Risk On Cloud with Streaming - a data first approach to platform modernization pioneered by Ness

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Overview

Financial services firms are facing constant pressure to modernize their technology stacks due to:

  • The growing expectations from internal and external customers, particularly with their timeliness of data and level of analytics available

  • The rapidly evolving markets and the need to respond to volatility and increase profitability

  • Regulators and their strict demands to meet ongoing regulatory and compliance needs.

Approach

Risk On Cloud with Streaming (ROCS)

Risk On Cloud with Streaming is a data-first modernization approach that avoids a “Big Bang” and leverages streaming architectures on the cloud to produce near-real time calculations and visualizations. Successful Re-orchestration projects require a modern approach to building infrastructure, a detailed business domain knowledge to extract business logic, and a deep understanding of legacy technologies.

ROCS on AWS simplifies the transformation of Risk, Pricing and Valuation Architectures from EOD batch to streaming using re-orchestration.

  • 100% Cloud-based: Leverage the AWS ecosystem to deliver a secure, scalable and dependable risk platform

  • Analytics Agnostic: Provide flexibility to choose your analytics and market data provider or mix and match

  • Streaming Enabled: Connect real-time data feeds (Trade, Market, Reference) to the Cloud for processing, distribution and monitoring

  • Risk Factory Accelerator: AWS Marketplace offering that automatically stands up the risk infrastructure with the ability to run sample trading and risk apps

  • Structured 3-phase Engagement: Follows AWS’ Migration Acceleration Program (MAP) – Assess, Mobilize, and Migrate

Business Outcomes

  • Accelerated development of new methodologies, analytics and products

  • Ease of benchmarking and migration of analytical libraries, proprietary or 3rd party

  • Single streaming architecture for multiple risk use cases, Real-Time, End-Of-Day, On-Demand

  • Production quality environments increase the reliability of testing and model calibrations

  • Pro-active operational intelligence ensuring stability and dependability of risk computation

Why deploy ROCS on AWS + Confluent?

  • ROCS on AWS simplifies the transformation of Risk, Pricing, and Valuation Architectures from EOD batch to streaming using re-orchestration.

  • The ability to scale compute resources across Amazon Elastic Compute Cloud (Amazon EC2) instances provides Risk Managers, Portfolio Managers, and Quants to perform ad-hoc what-if scenario analysis.

  • In addition, the analysis helps respond to significant market events requiring real-time re-calculation of portfolio exposures.

  • Suppose you are a business decision-maker or executive. In that case, ROCS on AWS can help you visualize, analyze and investigate your P&L and risk sensitivities across multiple dimensions providing reliable intra-day reporting for your trading desk.

  • ROCS provides a single streaming architecture for multiple risk use cases. Confluent is the industry’s leading streaming platform.

  • Confluent Cloud is available on AWS Marketplace, so fit seamlessly into ROCS on AWS.

  • Confluent Cloud provides a Service Level Agreement that aligns with Mission Critical systems.

Our Work in Action

Case Studies

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Instinet – Leveraging Streaming Architecture for optimal cloud deployment
The client selected Ness to modernize their existing business logic leveraging Streaming Architecture and to migrate its core database to AWS, a major step in the Digital Transformation of “the Original Fintech.” Ness built a secure AWS Landing Zone to enforce these stringent controls.
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Western Asset Management – digitally transforms their Pre-trade Compliance Engine leveraging a modern Cloud-based Streaming Architecture to increase capacity at peak times
The client selected Ness to re-architect their real-time pre-trade compliance engine leveraging a modern Cloud-based Streaming Architecture to achieve scalable performance, modern architecture for enhanced portfolio management optimizations, and a high-velocity development process.
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OCC – Modernizes their Risk and Margining Platform leveraging Streaming Architecture on the Cloud to provide increased transparency
The client selected Ness to help rebuild its market risk and margining platform leveraging Streaming Architecture on the Cloud to provide an environment for intra-day risk management, intra-day computations, pricing, and re-valuation.
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See all case studies

Our Work in Action

Case Studies

left-arrow
Instinet – Leveraging Streaming Architecture for optimal cloud deployment
The client selected Ness to modernize their existing business logic leveraging Streaming Architecture and to migrate its core database to AWS, a major step in the Digital Transformation of “the Original Fintech.” Ness built a secure AWS Landing Zone to enforce these stringent controls.
Read more

X
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See all case studies

Insights

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Solution Brief
Risk On Cloud with Streaming (ROCS)
A data-first modernization approach that avoids a “Big Bang” and leverages streaming architectures on the cloud
Read more

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eBook
Reorchestration for Risk Architectures: From Batch To Streaming
An overview of the common architectures used in risk management systems and how cloud & streaming have impacted their designs
Read more

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Insights

left-arrow
Solution Brief
Risk On Cloud with Streaming (ROCS)
A data-first modernization approach that avoids a “Big Bang” and leverages streaming architectures on the cloud
Read more

X
right-arrow

Key Partnerships

Accelerate Your Digital Transformation With Our Business Domain Knowledge, Technology Expertise, And Agile Delivery Process.