Customer
The leading agri-business Company, as part of a proprietary
trading system, was looking for a solution for capturing physical
purchase and sales contracts with various counterparties, as well
as the derivative hedges for managing the resulting price
risk.
Challenge
The leading agri-business company (the Customer) choose EPAM to
provide a solution with the following requirements:
- To supply generic drop copy HUB to reliably work with multiple
venues
- To be flexible to accommodate specific FIX dialects
- To provide integration with third party application, which
monitors trade activities
- To provide trading data to be monitored under Market Abuse
Regulation
Solution
Solution is based on EPAM B2BITS' generic server FIXEdge®.
FIXEdge® technology
was used to implement Drop Copy Hub for the Customer:
- Connect to 5 trading venues
- Receive orders, trades and security definitions from trading
venues systems over FIX sessions
- Save orders, trades and security definitions to MS SQL
database
- System operates 24x7, without a reboot of FIXEdge
- Support of multiple FIX versions (FIX 4.2, FIX 4.4, and
custom FIX dialects)
- Scheduling opening and closing sessions, operations, data
archiving are fully automated.
Technologies and Tools
Results
The implemented FIXEdge® solution
is a reliable Drop Copy HUB, which operates 24x7. The solution
accumulates data from various trading platforms; the Customer uses
these data for monitoring and analysis. The solution has been
successfully used on production since 2017.