OverviewRisk Control within Dresdner Kleinwort (DKIB) needed to efficiently manage complex database structures and develop applications to batch-price correlation matrices for thousands of instruments, overnight and without manual intervention. 
"Xenomorph systems have helped to solve the problems associated with maintaining complex market data database structures. The great thing about Xenomorph systems is the level of abstraction they provide to the user. The APIs and the visual interface to the connected databases allow simple navigation and the fast retrieval of complex data. The support provided by Xenomorph is very good; any issues that arise are speedily resolved." Wolfgang Starz, Risk Control, DKIB The companyDKIB, the investment banking division of Dresdner Bank, provides a wide range of products and services to European and international clients including corporates, institutions and governments. The briefDKIB was using disparate tools including both in-house developments and vendor software. Once the database grew to a certain size, a bespoke solution was required. The solution needed to be flexible enough to be integrated into the DKIB framework, provide powerful yet simple APIs to enable in-house correlation calculation methods to be rapidly developed and have a fast and efficient database that could accept feeds from multiple data vendors. |
The solutionRisk Control produce statistical analysis using Xenomorph systems, which calculate a large number of required statistical parameters eg, correlation. A standard DKIB method is employed, on a specific frequency, to recalculate and monitor all the required correlations. The applications to manage the overnight batch jobs, which automatically calculate the correlations, have been developed using Xenomorph APIs. These functions allow the calculation of a huge number of correlations without manual intervention. The Xenomorph systems' implementation has provided a simple and efficient interface to calculate statistical parameters with ease. Any new functionality required is quick to develop, using standard Xenomorph APIs. Using this toolkit, bespoke rules have been applied to the data housed within the Database. It is this ability to efficiently and quickly manipulate the bank's own data, along with standard market feeds, that has proved immensely valuable. Risk Control is consistently looking to implement new methods to deal with all kinds of correlations, and other similar statistical parameters, that can be used for analytical and pricing purposes. Xenomorph has provided the ideal platform for meeting this objective. 
"Xenomorph technology provides the tools needed to manage different data sources and the data access speed required for time-critical decision making. It is great to be working with a successful team that is deriving the full benefit of Xenomorph technology." Stefano Sclano, Consultant, Xenomorph www.xenomorph.com www.dresdnerkleinwort.com |
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