Prime swap business platform ecosystem consists of many large, medium and small components requires going through a strategic rewrite from a 3-tier legacy monolithic database-oriented design to a distributed, scalable microservice based architecture on cloud platform.

The objective of this new strategic platform is to provide competitive advantage to Delta One business by supporting larger business offerings, greater volume and better performance with horizontal scaling, improve stability, reliability & overall product quality.

Every milliseconds hundreds of trade event streams are received from middle office systems to the swap calculation engine, it has to recalculate whole swap valuation based on these delta’s with retrospective effect, which is a very CPU intensive operation. For a successful calculation the engine has to receive data from many peripheral systems, including rates, risks, market data, positions etc.

While processing such a massive data of millions of trades we wanted to minimize disk IO operations therefore this entire calculation process is executed in-memory and a live data stream handle is provided directly to Amazon S3 for persistence and downstream reporting systems.             

COMET is an Inhouse business facing equities order management and execution system which supports order creation and routing for Cash, PNotes, Swaps and Options asset classes, it supports sales, trader, delta (hedging) business with role-based logins for all 3 regions (NAM, APAC, EMEA)  

This application has connectivity with various upstream systems for routing Agency, DMA and DSA orders as well as downstream application like Crossing Engine, Algo Systems, SOR, PTE (Program Trading) system and Market Connectivity & external broker systems.

COMET also has connectivity with Stock Borrow & Landing (SBL) system to support short sales, Global Inventory & Position Management System, Market Data System for pricing (Internal & External), Middle Office Gateway, Regulatory feed system, Risk Management System, Client Configuration Management (CCM) and some other systems like Corporate Actions, News etc.

To develop and test equities or any other trading applications platform it requires to control the stock exchange behaviors for all different scenarios, but with the real test exchange session it is not always possible which has to be pre-booked, they are time-bound and expensive, whereas a custom exchange simulator can overcome these challenges, therefore we have developed a complex exchange simulator application which supports all equities asset classes and order types.