Western Asset Management modernizes their Pre-trade Compliance Engine leveraging a modern Cloud-based Streaming Architecture
The solution rearchitected the pre-trade compliance engine to provide prompt response times to the trading desk.
Western Asset is a globally integrated, California-based fixed income asset manager with approximately $450 billion of Assets Under Management (AUM). Risk management is an integral part of the firm’s investment management process.
Western Asset decided to re-architect their pre-trade compliance engine to provide prompt response times to the trading desk for client guideline trading decisions and high-capacity automation between portfolio management and compliance guidelines. Further, they wanted to address peak trade and automation volumes.
Ness designed a modern cloud-based streaming architecture resulting in a scalable, high-performance data and computing fabric. Confluent Cloud served as a messaging bus to orchestrate parallel computation of the compliance rules. We recommended AWS as the infrastructure solution to scale and deliver quickly while exceeding Western Assets’ business objectives. We then developed a POC based on Western Assets’ real need, which allowed teams to evaluate the effectiveness of the proposed streaming architecture.
The client achieved near-perfect parallelism and massive and near-perfect scaling of millions of calculations. Leveraging Infrastructure as Code, our solution increased peak capacity in line with the future growth.