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XML for Java Developers
G22.3033-
Session 4 - Sub-Topic 1
Sample Enterprise Application Design
Dr. Jean-Claude Franchitti
New York University
Computer Science Department
Courant Institute of Mathematical Sciences
Best Practices in Technical
Architectures for Fixed Income
Market Participants
Dr. Jean -Claude Franchitti
e-Business Architectures Specialist
Presentation Agenda
- Observations of a Former Trader
- Fixed Income Technical Architectures
- Architecture Development Methodology
- Fixed Income Business Process Maps
- Fixed Income Solution Capabilities Matrix
- Deriving a Conceptual Technology Vision
- From the Conceptual Technology Vision to a Logical Infrastructur e
- From the Logical Infrastructure to a Physical Solution
- Physical Solution Implementation Steps
- Conclusion
Observations of a Former Trader
Trading Environment Characteristics
Anonymity Liquidity Transparency
Brokers’ Broker
Were They Efficient?
- Human factor
- Limited network of contacts
- Largest firms control the inventory
- Regional broker/dealers not well serviced
- Difficult to unwind odd-lot positions
- Phantom trades
- Buy-side firms are not a part of the equation
Architecture Development
Methodology
Architecture Vision
The eHub Securities Framework
Personal
Blotter and
Services
Message
Handlers
Execution
Engines
Continuous
Net
Settlement
Systems
Ledger
Operations
Information
Engines
Security
Master
System
Blotter and
Services
Direct systems interfaces Browser/streaming interface
Client Sites
Distributed Hubs
Processing Centers
Adapters, connectors,
Message brokers, linkages
Distributed rules processors
Valuations and
Market data feeds
Price
Subscriptions
Personalization Rules
Verification
Validation
Rules Execution
Order and NOE
Rules and Routing
ECN’s, Exchanges
Direct Clients
Clearing and Settlement
Rules Execution
Portfolio, Trust, Asset
Ledger Rules
Risk, Forecast
CRM, Budgets and Rules
Transfer Agency, Custody Rules
Assets/Institutions/Prices
Portal and
Service Interfaces
Order
Trading and
Management
Service
Manager
Price
Manager
Vision and
Objectives
Process
Model
Solution
Architecture
Mapping Vision to Solution
WORK STREAMS
Customer facing
IT analysis and design
Business processes
Regulatory analysis
Accounting and
fiscal analysis
Competitive
analysis
Business case
JV and partner -
ship analysis
Go-to -market
strategy
O U T P U T
Preliminary Future State Model
- Preliminary IT Architecture Design
- Preliminary Business Process Design
- Interviews
- Demographic research
- Current IT state assessment
- Architecture design/collaboration
- Current business process assessment
- Operating model design/ collaboration
- Deal structure assessment
- Regional regulatory analysis for operating
model
- Tax assessment
- Global analysis of tax implications for
operating model
- Regional competitive assessment
(including Web site evaluation)
- Demographic research
- Documentation of revenue and cost driver
- Financial model development
- Document findings from due diligence
conversations
- Develop general terms and conditions of
JV/partnership
- Document integration plan for all work
streams
Extraction of Capabilities
Refinements
Validation
Final Future State Model
- Future State IT Architecture Design
- Future State Business Process Design
Constraints
Iterative
FUTURE STATE REALIZATION PROCESS
Fulfilling the Objectives to Support the Vision
Architecture Design Methodology
Business Constraints
Application Model
Content Model Web Interface
Data Model Logical Data Principles Assumptions Constraints
Presentation Navigation Look and Feel
Business model Organization Location
Process
Logical Application Model
Execution & Market Systems EFI Execution Systems
FX Execution Systems
Market Systems
Core Components
Services Events
Externalization
Licensing
Messaging
Naming
Persistence
SecurityTransaction
Common Facilities
Backup/ Recovery
Channels Error Handling
XML POP
Help XML MOM
Monitoring Performance Tuning
Query / Search
Reporting System A d m i n
Domain Specific ClientAPI EFIExecution Interface FXExecution Interface Market Instrument
Reference data
Markets Portal interfaces
ClientHandler
Client to Core components Handler
Global Front End System
Client Interface Components
Technology Infrastructure Model
Execution& Market Systems Instrument Repository
Foreign Exchange
Market Systems
Euro Fixed Income
Client Handler Core Components
Preferences and Operating Constraints
- H T T P s v rnCipher SSL acceleratorWebsphere: Sun E220/Solaris 2. servlet
engine
jsp engine
Web Server Servlets & JSP
Streaming Server (https&http)
nCipher SSL acceleratorTIBCO Streaming Svr Sun E220/Solaris 2.
Global Front End System
Client Services Administrator
XML, SWIFT, FIX, Email, Fax
Client Workstation
System Admin & S u p p o r t
Sun E420/Solaris 2. 200GB raid5 Disk Array iPlanet Enterprise Svr Webtrends Admin/Reporting Server
Database Server
50GB Disk ArraySybase11.9.2 Sun E4500/Solaris 2.
Security& Entitlements Srv
enCommerce Sun E420/Solaris 2.
GetAccess
50GB
Disk Array Application Server
MQseriesWebsphere Sun E420/Solaris 2.
For every 1M
visitors, 40%
don’t return
due to
incomplete
content; lost
cost of their
lifetime
value is
$2.8M
$1.5M-$2.1M
wasted on
site
redesigns
that don’t fix
the right
problem
Customer & Business Models
Infrastructure
Application
Abstract
Concrete
Domain
Independent
Domain
Dependent
Domain
Client Preferences
Application
Patterns
Analysis
Analysis
Application Model
- Data Model
- Business Model
- Content Model
Technical Solution Development
Technical Solution Development
Technical Solution Development
Architectural Styles
Domain Models
Questions?
Questions?
Application:
- Data
- Business Logic
- Content (Screens)
KITS
Frameworks
Concrete Costs
Initial Costs
Abstract Costs
Concrete Costs
Infrastructure Physical Logical Infrastructure
Conceptual Infrastructure
- NT/ UNIX
- Broadvision
- SAP
- Application Server
- Transaction Processing
- Persistence Abstract - OSA Costs
Technology & Software
Proposal End Point
Technical Solution Development
ApplicationProduction (Approach/ Assembly/ Delivery)
DomainAnalysis
Customer Information Gathering
Customer Information Gathering (Business, Customer, Usability, Preferences
Questions?
Information Not Specific to Domain
Questions? Taxonomy
Domain Specific Information
As information is collected, work effort,
estimates and solution becomes concrete
Right to Left Thinking...
Architecture Development Map
Application Architecture Overview
Enterprise Application Suite
- Channels
- Enterprise Services
- Application Enterprise Services
- Business Controller
- Client Interface
- Client Handler
- Component Manager
- Business Object Model
- Infrastructure
- Services
- Common Facilities
- Domain Specific Facilities
Architecture Design Summary
Driving Forces:
- Functional Requirements document
- Internal design guidelines
- Technology Preferences
- Software Architecture = Elements + Patterns + Motivations
- “4 + 1” View Model
- Model View Controller (MVC) Concept
Fixed Income Business Process
Hierarchies and Maps
Sales / Marketing Order Room
Customer Acquisition Place Orders
Product Determination
Product Promotion
Campaign Strategy
Purchase & Sales New Accounts Stock Record
Reconcilement
Confirm GTC Orders
Organize Pending Orders
Customer Confirmation
Booking
Clearing & Settlement
Figuration
Recording
Brokerage
Open Accounts
Account Maintenance
Process Thread -does not currently exist
Legend:
Process Thread
Primary Process Group
Intermediate Group
Account Numbering
Audit
Security Movements
Margin
Account Maintenance
Sales Support
Clear Issuance of Checks
Items Due
Extensions
Close Outs
Delivery of Securities
Accounting Proxy & Capital Reorg Cash / Securities Inventory Dividend
Proxy Voting
Daily Cash Record Annual Reports, etc.
Adjusted Trial Balance
Bookkeeping
Profit & Loss Statement
Trial Balance
Establish Accounts
Bank Loan
Vaulting
Receive & Deliver
Stock Loan/Borrow
Transfer
Reorganization
Cash Dividends
Stock Splits
Due Bills
Bond Interest
Generic Trading Business Model
Average Present Day Solution
Fixed Income Trading Process Map
Client
OTC
Market
Submits Order
Validate Order at Sales Desk
Valid
"Not a valid order"
NO
Route to Trading Desk
"Electronic pass through"
Electronic submission execution
Non Automated Execution
No
Monitor Execution
Confirm Execution (price Qty, Etc.) R e c o r d Order
U p d a t e customer account
yes
Front/Back
Office
Electronic Execution?
Yes
Client
Client Places Order Confirmation Mailed to the customer
Sales Desk Calls Client
Sales / Marketing Order Room
Customer Acquisition Place Orders
Product Determination
Product Promotion
Campaign Strategy
Purchase & Sales New Accounts Stock Record
Reconcilement
Confirm GTC Orders
Organize Pending Orders
Customer Confirmation
Booking
Clearing & Settlement
Figuration
Recording
Brokerage
Open Accounts
Account Maintenance
Account Numbering
Audit
Security Movements
Margin
Account Maintenance
Sales Support
Clear Issuance of Checks
Items Due
Extensions
Close Outs
Delivery of Securities
Accounting Proxy & Capital Reorg Cash / Securities Inventory Dividend
Proxy Voting
Daily Cash Record Annual Reports, etc.
Adjusted Trial Balance
Bookkeeping
Profit & Loss Statement
Trial Balance
Establish Accounts
Bank Loan
Vaulting
Receive & Deliver
Stock Loan/Borrow
Transfer
Reorganization
Cash Dividends
Stock Splits
Due Bills
Bond Interest
Process Thread -does not currently exist
Legend:
Process Thread
Primary Process Group
Intermediate Group
impacted by BSCHBroker solution
Sample Target Business Process Hierarchy
Drivers
Technical Competitive Customer
Customization / Personalization
Customer Relationship Management
Efficient cross- and inter-enterprise communication
Fast, cost-efficient data links with partners 3
True integration
Continuously available hardware platform (24 x 7)
Flexibility
Global portal (multi brand, multi channel)
Localization 3 3
Open, extensible, flexible architecture
Global eTrading business application support
Best-of-breed global e-trading solution
ß Secure transactions
ß Collaboration (online chat)
ß Real-time quotes, financial news, research
ß Online help and training
ß Alerts
ß Analytics (“what if” scenarios)
Capabilities
ß Online operation (order status, billing & pricing,
accounting, portfolio management, etc.)
Preliminary Capabilities Matrix
Deriving a Conceptual
Technology Vision
Security
Personali-
zation
Community
Content
Management
Catalogs Commerce
Information
Access
Enterprise Application Frameworks /Servers
Other Application Frameworks /Servers
Hardware/Operating Software
Hosting Services
Systems Management
Application Suites
Business Processes
Application Infrastructure
Operations
Using an Architecture Framework
Legend: VPN: Virtual Private Network I/Fs: Interfaces ECNs: ElectronicCommunicationNetworks
IntegratedIntegrated
Value ChainValue Chain
Support SystemSupport System
—Users— — Functions —
n Customer Support
n Customer Profiling
n Analytics
n Customer Relationship Management
n Country management
n Online Trading
n Research n Community/Chat n Education
Central Office
FI E-Trading
Customers
Marketing/
Sales
Global
Front-
End
System
Web / IVR / Fax back
Country
Offices
Accounting
IT
Management
Call Center
IT
Country
CEO
n Global Account Mgmt
n Administration n Development
n Support
n CEO n Vision & Strategy n L e g a l
n Technical Support
Retail
Clients /
Advisors
Web / VPN / Phone
Web / VPN /
Phone
Web / VPN /
Phone
— Connectivity —
VPN / Phone
Web / VPN /
Phone
Web / Email / Chat /
Phone / PDAs / VPN
— Front Office I/Fs — — Enterprise Services —
— Data Repositories —
Integrated
Trading
Data Warehouse
3rd Party
Services
Local Databases
Local Back-Office
Systems
n Exchanges
n ECNs
n Data Providers, etc.
— 3rd Party System I/Fs
n 3rd Party Broker Systems
n Remote E-Brokers
Web / VPN / Phone
n A/C Open n Kiosks
Branch
Support VPN / Phone
n Order Mgmt
Trading
Web / VPN / Phone
Marketing/Sales
n Country Campaigns
Settlement,
Operations &
Accounting
n Customer & “Street-Side” operations & accounting
VPN / Phone
VPN / Phone
Operations & Technology Support Vision
Technology support should support a vision that will guarantee a unique experience for
e-Trading customers anywhere in the world.
Order
Confirmation
Local
Office Staff
Main
Office Staff
Order
Routing
Order
Placement
Local
Office Staff
Retail
Client
Internet
M e s s a g e B r o k e r
Internet
Technology
Legend:
Global Front End System
Integrated Value Chain Support Systems
Local Back -Office System
Third Party Services
Order gets
routed
locally
Sample Trading Process
From a Conceptual Technology
Vision to a Logical Infrastructure
Architecture Support for Fixed Income Market
Inventory
- Role-based market views
- Pre and post-trade workflow supported
- All Fixed Income instruments supported
Architecture Support for Client Access
- Local, specialized user interfaces
- API’s
- Internet access
- Legacy order streams
Architecture Security Features
- Encryption standards: 128 bit RSA: RVDS
- X.509 compliant certificates: TIBCA
- Level 5 firewall architecture
Architecture Support for Legacy Order Stream
- Legacy messaging interfaces seen as a user of the system
- Interoperates with existing users
- Can act as a bridge between deployed hubs
From a Logical Infrastructure to
a Physical Solution
Custom Integration and/or Integrated Applications (SAP, Baan, Lotus Notes, PeopleSoft)
Security: Firewalls – Axent, Cybercop, Firewall - Encryption – Security Dynamics/RSA, Verisign Certificates – Entrust, GTE/Cybertrust, ThawteVerisign LDAP – Microsoft, Netscape Other – Netegrity/SiteMinder , Platinum/Security
Personalization: Accipter, Andromedia, Aptex, ATG, BroadVison, DoubleClick, Engage, Netgravity, Net Perceptions, Vignette/StoryServer
Community : Acuity/iChat, AT&T, Brightware,eshare, General Interactive, Lexis -Nexis, Lotus/Domino, Microsoft/NetMeeti ng, Netscape/Collabra, Podium, Revnet/UnityMail, Siebel, Vantive
Content Management: ATG, BroadVsion, Documentum, FactPoint, FutureTense, H- P/OpenPix, Inso/Dynabase, Interwoven,Lotus Notes, Open Text, RealNetworks/Real Audio-Video, Vignette
Catalog: Aspect, ATG, BroadVision, iCat, OpenMarket/LiveC ommerce, Saqquara
Commerce: ATG, AtlanticTransaction Services, Ariba, BroadVision, ComerceOne, ConnectInc, CyberCash, ECCubed, H-P/VeriFone, IBM/net.commerce, InterWorld, Microsoft/SiteServe r Commerce Edition,MOAI, Netscape/*Xperts, Open Market/Transact, OpenSite, Sterling, Tradex,Tradiant, Tradium, TradingDynamics, Transpoint
Information Access: ATG, BroadVision, CrossWorlds, Fulcrum, H- P/ChangeEngine, Inktomi, Microsoft/ SearchServer, Objectspace,Verity
Inter-Enterprise: data exchange (XML/EDI): CardoNet, EpiCenter, Extricity, MBA, OnDisplay, Sterling, WebMethods
Web Application Frameworks – Allaire/ColdFusion, Apple/WebObjects, ATG/Dynamo, Bluestone/Sapphire Web, BroadVision, HAHT/HAHTSite, IBM/WebSphere, Microsoft/Site Server (Enterprise Edition), NetObjects/Fusion, Pramati Technologies/Proton, SilverStream, Vignette
Business Application Frameworks– CSC/M-Lynx, BEA WebLogic, Inprise, IONA/Orbix, Microsoft/MTS, Netscape Application Server, Oracle Application Server, Pervasive Software/Tango Enterprise, Sun/NetDynamics
Database – Informix, MS- SQL, Oracle, Sybase
Systems Management– BMC/Patrol, HeadsUp, Hewlett-Packard/HPOpenView, Manage.com, Sun, SystemHealth
Testing – RadView/WebLoad, RSW/e -test, LoadRunner, Usage Reporting – Andromedia, WebTrends, WindDance
NT/Intel - Compaq, Data General, Dell, GateWay, H-P
Network - ArrowPoint, 3Com, Cisco UNIX - Hewlett-Packard/HPUX, IBM/AIX, RedHat/Linix, Sparc/Solaris
Hosting - Digex, EMC, Exodus, GlobalCenter.com, GTE Internetworking, HostPro, MCI, Navisite, PSInet, UUnet
Components
Applications
Frameworks Platforms
Systems Management
Hardware/ Software
Hosting
Typically read as Vendor/Product Name
Considering Mainstream Tools
Internet
ScreeningRouter
Outside Network Private Network
Bastion Host
Inside Bastion Host
InternalNetwork
ProxyServer
Firewall
Web Server
Local Director
Local Director
Web Server
Firewall
Development Server Farm
EAI Server
Database Server
Application Server
Production Server Farm
EAI Server
Application Server
Database Server
Staging & Contingency Server
Admin Server
Production Support Server
Existing BSCH Systems
DMZ IBM Mainframe UNIX-based NT-based
Technology Infrastructure
Physical Solution
Implementation Steps
Practice Areas
Stages Discover Design Develop Deploy
Business System
Development
Management and
Quality
Business Modeling
User Experience
Content Development
Application Architecture and Development
Technical Architecture and Development
Testing
Performance Engineering
Program/Project Management
Configuration Management
Blocks
Development Methodology
Location
Data
Technology
Organization
Business
Process
Application
- Implementation team
- Training team
- Projects creation and update
- Projects approval
- KPI creation
- Project information retrieval
- System administration
- Data conversion
- Supplied volume
data
- Hardware
- Standard system software
- Reporting software
- Ad-hoc spreadsheet functions
- Security and performance
- Site navigation design
- Site content design
- Reusable components
- Security workflow
- Help
- Office hosting development
Identifying Domains of Change
Requirements
Analysis
Requirements
Analysis
Development is an iterative process,
where for each subset of requirements,
components must be analyzed,
designed, developed and deployed
Design Design
Develop Develop
Deploy Deploy
Design Design
Develop Develop
Deploy Deploy
Discover Discover
Discover Discover
Design Design
DevelopDevelop
Deploy Deploy
Discover Discover Release 1Release 1
Release 2 Release 2
Release 3 ...Release 3 ...
Proposed Project Lifecycle
Adding Iterations
Conclusion
