Custom Software Systems for Sell-Side Firms
Developing software for sell-side trading and securities processing is like developing any other software except it involves a hundred times more data, an order of magnitude better performance and one-tenth of time to build and test. In short, no amateurs are invited.
In this fast-paced environment traditional fixed-price, fixed-scope contracting rarely works. Instead, companies need to bring the best available talent together by assembling hybrid on-site/off-site teams.
Clients choose vendors based on four simple criteria:
(1) speed and agility of a team ramp-up;
(2) level of IT talent;
(3) knowledge of finance and
(4) ability to maintain a structured, predictable development process in an ever-changing multi-stakeholder environment.
However simple the criteria, only a few vendors make the cut – it takes enormous investment to find and retain top talent. A client, senior executive at a global brokerage, once said: “One thing that sets DataArt apart is that they are able to build development teams that are consistently and significantly stronger than any other vendor we’ve worked with. As a result, their development velocity is on par with, or above the best among our in-house teams”.
DataArt serves both Global Investment Banks and independent Broker Dealers. We build software systems for trading and trade monitoring, valuations, risk management and market data distribution. Our expertise spans across multiple asset classes, including equities, derivatives, fixed income, FX and structured products.