DataArt:

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DataArt Capital Markets Case Studies
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Elaborate on your experience in business
analysis, user requirements analysis, design and
development of such systems.
Very Strong
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Moderate
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Exceptional
Strong
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Moderate
Moderate
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Primary Areas of Buy-Side Expertise
Functional View
Asset Management (including Alternative Asset
Management)
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Fund Accounting

• Client Large Financial ISV (client reference
  available under NDA). Project Investor
  Relationship Management System
• Fund Accounting module in IRM / Fund Profiling
  solution
• Advanced hierarchical structure of investors
  accounting information. Tracking balance and
  performance data at custodian, fund, subscription
  level.
• Series accounting, profit allocations, roll-ups
• Contributions, withdrawals, transfers
• Liquidity analysis, what-if scenarios, stress
  testing
• 50 standard reports
• Integration With Third-Party Accounting Systems
• VPM
• Advent Geneva
• Advent Partners
• SSC AdvisorWare

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Benchmarking

• Clients Multiple (both Hedge Funds directly and
  a product for an ISV)
• Projects Investor Relationship Management System
  (fund performance / investor reporting modules)
• Fund Performance data
• Based on time series of NAV (returns) of fund
  (products) and benchmarks (market indices) we can
  provide analytical information for fund
  performance.
• Performance data - Historical and analytical
  data, Graphs with comparison of the fund data and
  more than 8 market indices, Classical statistical
  functions Distribution, Alpha, Volatility,
  Correlation and Sharpe, Rolling by 12, 24, 36
  months, Cumulative performance quarter, 1 year,
  3 years and 5 years comparison, Performance
  reports
• Fund performance management - Fund performance
  analysis against indices such as CSFB/Tremont,
  Dynamic reports with charting support, Market
  comparison, Historical data import and analysis
• Integration - Automatic Bloomberg data feeds for
  benchmark indices, External websites information
  retrieval, Corporate website integration, secure
  investor reporting

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Benchmarking (continued)

• Individual Investor Performance
• Analyzing investor transactions is possible to
  evaluate individual performance and provide
  comparison with the fund (product) or benchmark
  performance.
• Overall investor performance
• Investor performance by products
• Investor performance comparison with benchmark
• Individual performance analytics
• Correlations
• Drawdown
• Growth of dollar

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Data Interfaces (multiple clients and projects)

• Integration with major Market data Providers
  (both file-based and real-time)
• IDC services
• SIRS
• IDSI
• FTS (EXSHARE/EXBOND)
• Reuters
• Reuters Market Data System
• Reuters Data Scope
• Bloomberg
• B-Pipe
• B-Desktop ActiveX
• Bloomberg Data License (TC bulk load)
• Integration with popular third-party products
• OMS/PMS Macgregor, Charles River, Eze Castle,
  Alladin, Beauchamp, Tradar, Sophis
• Accounding VPM, Geneva, AdvisorWare
• EMS Inforeach, Portware
• Analytical packages Imagine, RiskMetrics, Barra,
  Yieldbook, Factset, FMC

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Data Interfaces (continued)

• Integration with major prime brokers (data
  adapters for position, trades and cash
  reconciliation)
• Bear Sterns (BEST)
• Morgan Stanley (MSCO)
• Morgan Stanley SWAP (MSCOOTC)
• Goldman, Sachs Co. (GSCO)
• Lehman (LEHM)
• Lehman Futures (LEHMF)
• Citibank (CITI)
• UBS
• Deutsche Bank (DMG)

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FIX Protocol

• Familiar with FIX versions 4.0 through 5.0
  FIXML, ISO 20022
• We have worked/integrated with several popular
  FIX implementations, including Javelyn (NYFIX),
  B2Bits FixAntenna/FixEdge, FixFlyer for various
  applications.
• Member of our Advisory Board sits on FIX
  Technical Committee
• Implemented FIX monitoring/performance management
  tools

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Technology Client Case Study Front-to-Back
Office Enterprise Solution for Hedge Funds
(client name disguised)

•  Developed complete front-to-back office
  enterprise solution for hedge funds, including
  cross-asset class order management, Global
  Security Master, portfolio analytics, pricing and
  reporting (excluding only accounting)
• The solution is available to hedge funds and
  fund administrators as a hosted platform or an
  in-house installation.
• Solution is adapted by one of the leading prime
  brokers as their base offering to hedge fund
  clients other clients include over 10 fund
  administrators and many multi-billion hedge
  funds.
• This technology is developed entirely offshore
  with relatively little US-based leadership. While
  many technology vendors use offshore resources
  for parts of their project volume, this is a
  unique story as fast-growing, well-funded ISV
  relied completely on offshore vendor for
  end-to-end IT operations.

Project description

• Working under leadership of US-based business
  domain experts
• Technology and architecture decisions are
  done within DataArt's team and approved by the
  client
• System-based engineering team organization with
  universal functions shared across teams (QA, tech
  writing, service)
• "Agile" process

Project management 
Client benefits 

• 40 savings compared with local cost (if client
  were to build its own team)
• Time saved by engaging an readily available team
  vs hiring own team 9-12 months

Team configuration

• 30 people, 60 engineering, 20 QA, 20
  technical support

Technology

• Microsoft platform (.NET, SQL Server 2005),
  Citrix

• 1.5 years

Timelines 
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Technology Client Case StudyFund Runner (SSC)

•  Developed a new generation Investor Relationship
  Management system for hedge funds and a fund
  profiling system for fund of funds. Replaced
  legacy system.
• System deployed at over 200 asset managers with
  total of more than 250 billion Assets Under
  Management.
• Product is a true enterprise class system with
  advanced functionality unquestionable leader
  among other competing products.

Project description

• Multiple priorities had to be managed
  simultaneously re-engineering legacy product,
  supporting existing customers and adding new
  functionality

Project management 

• 30 savings compare to onsite costs
• Client did not have inhouse resources to do the
  work necessary
• Over 1 year time saving if client were to hire
  people to do the work internally

Client benefits 
Team configuration

• Team of 15 engineers based offsite, periodic
  onsite milestone delivery, implementation and
  integration
• Working as an extension to the clients RD team

• Microsoft .Net platform

Technology

• 2 years

Timelines 
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Case Study Electronic Trading System with FIX
connectivity

• Key features
• Fast and reliable communication with electronic
  brokers
• Supports of electronic orders to perform ticket
  execution
• Easy integration with third-party solutions for
  electronic connectivity
• Flexible support of different versions of FIX
• Supports common scenarios
• Standard Electronic Order Routing
• Staging Order Destination
• Third-Party Algorithmic Routing
• Unsolicited Trade Reports

• Architecture
• The Electronic Trading is performed through Order
  Management Gateway (OMG) that is connected to a
  FIX Engine. The FIX Engine manages all physical
  FIX connections to various destinations. In terms
  of electronic order routing, OMG works with any
  standard FIX Engine (running separately from
  OMG).
• Currently, the system supports Appia FIX Engine
  from NYFIX.

• FIX connectivity could be linked directly with
  various Sell-Side venues, including
• Direct Market Access (DMA) systems
• Execution Management Systems (EMS)
• Alternative Trading Systems (ATS)

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Case Study Trade Order Management System
Client New York-based Hedge Fund
Integrated Trade Order Management System
Highlights

• Complex trading workflow
• Real-time collaboration
• Portfolio analysis
• Integration with legacy and external systems
• Quick response to user requests
• Modular design, shared components

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Case Study Multi-source pricing application
(Price Master)
Client New York-based Hedge Fund
Global Enterprise Market Data Repository
Highlights

• Multi-source architecture
• Automated pricing rules
• Advanced UI
• Data transformation Audit
• HTTP Crawler for OTC securities
• Exchange adapter for Prime broker market data
• Integration with leading market data providers
  Bloomberg, Reuters

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Case Study ETL and Pricing Data Warehouse
Client New York-based Hedge Fund
Price Master a global enterprise market data
repository which plays a key role in STP data
flow of a financial organization. Its primary
task is to collect instrument prices and other
market data from various data sources, parse it
and using pricing rules provide a final set of
information for downstream systems. Client
Multi-Strategy Hedge Fund with 2bln AUM

• BUSINESS BENEFITS
• Single-entry point for all market related data
• Supports various types of securities and various
  types of market data
• Pricing rules provide stable and flexible system
  for portfolio pricing
• Advanced audit and change tracking features

• HIGHLIGHTS
• Advanced Data mapping
• Extraction rules
• BizTalk as a integrating and mapping software
• Dynamic Data structure system - XML base schemas
  support

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Case Study ETL and Pricing Data Warehouse
Client New York-based Hedge Fund

• .Net C
• .Net Remoting
• Web services
• MS SQL 2000
• BizTalk Server 2004
• Infragistics Enterprise suite

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Case Study ETL and Pricing Data Warehouse
Client New York-based Hedge Fund

• Various data sources
• System prioritization and pricing rules
• Support for multiple types of securities
• Flexible architecture provides ability to easily
  add new types of source data
• Unified data management and conflict resolution
  systems
• Highly customizable UI