About Our Client

The client is a well-established wealth management firm based in the United States. They provide investment management and portfolio management services. The client processes 25 USD billion+ trades every month and serves some multi-million-dollar corporate giants.

Client's Challenges:

• The client wanted to improve their existing application to support rebalancing & trade generation for thousands of accounts & Robo-advisers.
• Upgrade the existing Silverlight application to modern HTML 5.

Hexaview Solutions:

Hexaview created the system in the following manner:

• Security Master: Ability to dynamically add/ edit securities at runtime during rebalancing.
• Asynchronous Rebalancing: We built an architecture for an asynchronous rebalancing of multiple portfolios & households and added distributed job manager to process jobs across different VMs. Through this async rebalancer, millions of accounts were rebalanced for Robo advisors in a time-bound manner.
• Transition to HTML5: Upgraded from Silverlight to HTML5 with many enhancements to the earlier version.

Impact

• Additional features with a more user-friendly interface led to a smaller learning curve for the customers.
• Eradicated dependency on Microsoft Internet Explorer for Silverlight support.
• The client executed in excess of $20 billion of trade every month with the developed application.

Key Success Factor

• Our prior experience with portfolio construction & rebalancing tools resulted in less cost & time.
• Overlapped work hours with client service and product management team for a better client experience.