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Achieving a Singular View of Trading Operations Worldwide

Achieving a Singular View of Trading Operations Worldwide. Pascal Emile Global Head of Market Risk Technology 13 July 2004. Risk Systems Dresdner Kleinwort Wasserstein. DrKW is the investment bank of Dresdner Bank AG and a member of the Allianz Group

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Achieving a Singular View of Trading Operations Worldwide

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  1. Achieving a Singular View of Trading Operations Worldwide Pascal EmileGlobal Head of Market Risk Technology13 July 2004

  2. Risk SystemsDresdner Kleinwort Wasserstein • DrKW is the investment bank of Dresdner Bank AG and a member of the Allianz Group • Headquartered in London and Frankfurt, with offices in leading international financial centres such as New York and Tokyo, it employs approximately 6,000 people around the world • DrKW provides a wide range of investment bank products and services to European and international clients through its Corporate Finance & Origination and Capital Markets business lines

  3. Risk SystemsOur Approach to Risk Systems • DrKW uses a combination of packaged software and bespoke development to provide systems solutions to business problems that need to combine financial information across products, business lines and locations into a consistent and current view of the enterprise

  4. Risk SystemsOur Approach to Risk Systems • DrKW uses a high performance calculation and information delivery platform in a real-time, event-driven and component-based J2EE architecture to provide a financial information backbone across its trading floors • This financial information backbone provides the data to support all market and credit risk reporting requirements across the trading floors

  5. Risk SystemsOur Partner • To provide this backbone DrKW uses bespoke software from Yolus, a software company founded by banking and IT professionals and that was spun-off from DrKW. • Yolus designs and build robust, extendible and highly scalable real-time management information and decision support systems for the financial services industry www.yolus.com

  6. Risk SystemsRisk Applications • Our risk applications connect directly with the IT systems already in place: we engineer solutions that deliver value to business lines by extending the capabilities of their existing IT assets rather than replacing outright

  7. Risk SystemsDelivering the Benefits • This approach helps the bank to: • Manage trading risks • Increase capital efficiency • Lower operating costs • Lessen operational risks • Deliver higher levels of service to internal and external clients

  8. Risk SystemsRisk Systems High Level Objectives • To collate financial information published by the bank’s front-office position keeping and risk systems • To calculate consistent aggregate P&L and risk figures across products, business lines and locations in real-time • To give users the capability to drill-through and analyse position level information • To be deployed in one location and used globally

  9. Risk SystemsRisk Systems in Dresdner Kleinwort Wasserstein • Delivery to the front-office • a real-time view of the bank’s trading activities around the globe • Delivery to the back-office • one consistent source of position, P&L and risk information across products, business lines and locations for the whole back-office

  10. Risk SystemsCore Components • Online Data Server • Intelligent Caching • Real-time Vector Aggregation • Managed Business Components • Data Cross-Reference Service • Data Hierarchy Service • Data Explorer • Overall System Manager • Security & Access Control Manager

  11. Risk SystemsReal-Time Trading Risk Management

  12. Risk SystemsDeployment Roadmap

  13. Risk SystemsA Controlled Environment • The applications are deployed with tools to benchmark the system for increasing data volumes, throughput rates and client connections: to know how the application will perform as demands on the system increase.

  14. Risk SystemsOne Data Source for All Risks • This solution enables the organization to share its data and rapidly communicate results of calculations to businesses around the globe • The Market Risk data backbone provides a single platform on which additional risk and control systems can be connected for: • P&L Explanation • Scenario Analysis • Market Risk VAR • Liquidity Risk Management & Control • Trading Counterparty and Issuer Risk Control • Back-office reconciliations

  15. Risk SystemsExtended Risk Management Solution

  16. Risk SystemsA Federated Real-time Collaborative Enterprise

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