A large investment bank had many different and inaccurate financial market pricing systems.

As a result, financial product pricing to clients was inconsistent with many mistakes leading to a loss of business and lower profits.

Project

The brief was to design, build and implement a global open architecture multi-product pricing engine and distribution platform. The  platform took real-time market rates and allowed the bank's traders to modify them into bank-owned prices. The platform would then then distribute consistent prices to global internal and external distribution channels.

Result

The platform provided a single bank-owned price source for all financial products in its inventory and was distributed in all its legacy systems globally.

Consistent, accurate financial product pricing was provided to all global distribution channels. The improved ability to release new products to the market quickly, and the ability to react to the market with fast competitive pricing, led to an increase in turnover in some market segments by up to 25%. Losses due to pricing mistakes were reduced by 98%.