Our client asked that we devise a plan to decommission their current processing engine and aid in design and development of a new processing platform.
Sionic offered SME expertise to develop an integration layer which integrated their legacy system with this new platform. This integration layer provided real position updates, individual trade & securities lending counterparty details, etc. Sionic guided the teams from strategy planning to execution.
Development and implementation of the new platform provided a 98% or higher STP rate for our client.