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Achieving a Singular View of Trading Operations Worldwide

Learn how Dresdner Kleinwort Wasserstein achieves a singular view of trading operations worldwide through cutting-edge risk systems. Discover their approach, partner, applications, and benefits.

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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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