A 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 capturing derivative hedges for managing price risk.
Customer
Challenge
The leading agri-business company (the Customer) choose EPAM to provide a solution with the following requirements:
- To supply a generic drop copy HUB to reliably work with multiple venues
- To be flexible to accommodate specific FIX dialects
- To provide integration with a 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 a 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 of opening and closing sessions, operations, and 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.