About Our Client
The client is a well-established wealth management firm based in the United States. They provide investment management and portfolio management services. The client processes 25 USD billion+ trades every month and serves some multi-million-dollar corporate giants.
Client's Challenges:
- The client wanted to improve their existing application to support rebalancing & trade generation for thousands of accounts & Robo-advisers.
- Upgrade the existing Silverlight application to modern HTML 5.
Hexaview Solutions:
Hexaview created the system in the following manner:
- Security Master: Ability to dynamically add/ edit securities at runtime during rebalancing.
- Asynchronous Rebalancing: We built an architecture for an asynchronous rebalancing of multiple portfolios &households and added distributed job manager to process jobs across different VMs. Through this async rebalancer, millions of accounts were rebalanced for Robo advisors in a time-bound manner.
- Transition to HTML5: Upgraded from Silverlight to HTML5 with many enhancements to the earlier version.
Impact
- Additional features with a more user-friendly interface led to a smaller learning curve for the customers.
- Eradicated dependency on Microsoft Internet Explorer for Silverlight support.
- The client executed in excess of $20 billion of trade every month with the developed application.
Key Success Factor
- Our prior experience with portfolio construction & rebalancing tools resulted in less cost & time.
- Overlapped work hours with client service and product management team for a better client experience.