Financial Application Deployment with Web Services and the X Internet

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Financial Application Deploymentwith Web
Services and the X Internet
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About Us

• Deutsche Asset Management (DeAM)
• One of the worlds leading asset management firms
• 800 Billion in AUM
• Full range of investment products across the
  risk/return spectrum in the Americas, Europe, and
  Asia-Pacific

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About Us

• CoKinetic
• Leading provider of XML-centric thin client
  technology
• Real Windows UIs over Internet or corporate
  networks
• Look feel of client/server apps but HTTP
  deployment

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A Definition of Web Services

• Self-contained, modular application functionality
  published and invoked over a network, such as the
  Internet. A Web Service should
• Provide well-defined interfaces that describe
  the services provided.
• Allow a loose coupling between client and
  server.
• Not require the use a specific platform or
  programming language
• Extra bonuses in large financial services
  companies
• Be human-language-neutral
• May allow multiple communications mechanisms.

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Executable Internet

• Intelligent applications that execute code near
  the user to create rich, engaging conversations
  via the Net.
• -Forrester Research
• No longer locked into a single "Web site" and
  without the limitations of the browser, we'll see
  an explosion of truly customizable content with
  the look, feel and accessibility of the desktop
  or device.
• - IBM

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Why do Web Services need the X Internet?

• HTML can provide user interfaces for Web
  Services, but
• HTML has NOT revolutionized core app
  development.
• Interaction and Iteration are the acid tests.
• X Internet tools can close the gap between
  internet delivery and the quality suitability
  of Fat-Client apps.

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What should we demand of an X Internet solution?

• Extend and complement existing web
  infrastructure
• Use text-based model for easy programmatic
  generation and storage as static docs
• Fully lever XML environment
• Be accessible to a wide audience
  (non-programmers)
• Allow for balance in client-side/server-side
  app logic.
• Integrate with dominant products (Windows, MS
  Office)
• Create interfaces are same as real software
• Scale well for any volume of users
• Use existing security mechanisms (e.g., ssl,
  certificates)

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Web Services X Internet real Web applications

• Web Service accessed via SOAP or other protocols

Soap request
XML returned
Soap request
XML returned

• UI rendered via XML CoKinetic Player

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Featured Application BrokerMerit

• BrokerMerit....
• Collects, organizes, and evaluates data on the
  performance of sell-side organizations serving
  an asset management firm.
• Provides votingscreens to be used by asset
  management personnel in assessing this
  performance.
• Determines the commission target for a sell side
  firm.
• Available to all participating firms world-wide
  via the Internet.
• Captures performance at any level of granularity
  (overall firm rating down to individual
  analysts).
• Used by both DeAM (to evaluate and analyze the
  sell side) and brokers (to provide, maintain, and
  update contact information and to receive market
  feedback).

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BrokerMerit Key Concepts Features

• The entire process is controlled from a simple,
  intuitive application launched from a desktop
  icon, but deployable and accessible anywhere via
  the Internet.

• Voters receive an e-mail prompting them to sign
  on by clicking on an embedded link.
• The user interface can be customized to
  sponsoring organizations specifications.

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BrokerMerit Key Concepts Features

• BrokerMerit presents broker evaluation categories
  in a tree hierarchy

In this example, Equities Sales US Idea
Generation
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BrokerMerit Screen Samples

• In BrokerMerit, users register their
  subordinates and allocate a portion of their own
  voting authority to each of them.

XY Z A B C
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BrokerMerit Screen Samples

• Voting is the central activity of the
  application. The average user casts 100s to
  1,000s of votes per voting cycle.

1. Select a Category
2. Select a Broker
3. Vote
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BrokerMerit Key Concepts Features

• The aggregated results of the organizations
  votes are available in customized reports in PDF
  format...

• ...by selecting criteria and parameters from an
  on-line screen.
• BrokerMerit also supports the use of OLAP tools,
  such as Cognos, for on line analysis and inquiry.

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BrokerMerit Key Concepts Features

• Maintenance of the contact information is left to
  the brokers, who also use Internet accessible
  screens to update this information.

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Other Financial Services Applications

• CoKinetic can create very complex, yet Internet
  deliverable UIs. This is Intuits Quickbooks
  product, typically locally installed, but here
  reengineered in CoKinetics environment for
  Internet delivery.

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Other Financial Services Applications

• The same application, with the UI rendered in
  Japanese, utilizing CoKinetics sophisticated
  localization capabilities.

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Other Financial Services Applications

• The Portfolio Management demo illustrates the
  power of using CoKinetic to enable Internet
  delivery of existing complex applications on a
  ASP basis.

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Other Financial Services Applications

• The Broker Workstation demo illustrates the power
  of virtual integration by dynamically combining a
  CRM application, investment accounting data,
  Bloomberg.com prices, and Internet-based charting
  services in a customized UI.

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Other Financial Services Applications

• Cognos premier product made web deliverable by
  CoKinetic.

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The Next Generation of Web Services and the X
Internet

• We believe that applications will be based on
  compositions of services discovered and marshaled
  dynamically at runtime (just-in-time integration
  of services).
• - IBM Web Services White Paper