Deutsche Bank is a top tier global financial institution whose activities span Corporate Banking & Securities. A Private & Business Clients business provides private individuals and small businesses with a full range of traditional banking products and an Asset & Wealth Management arm. The Bank employs nearly 100,000 staff worldwide.
Deutsche Bank were looking for a seamless integration between ICE Link (the world’s most widely adopted CDS trade workflow) and in-house Deutsche Bank systems.
Start date: 2011
Project Duration: 12 weeks
The scope of the engagement included specification, prototyping, development and testing. Digiterre worked closely with both Deutsche Bank and ICE Link throughout the development to ensure that the Connector was integrated with the latest versions of the API and that internal Deutsche Bank best practices were followed.
The Digiterre solution has allowed Deutsche Bank to reduce the time required to process trades and to reduce operational costs. The connector integrates seamlessly into in-house systems, alleging trades on the ICE Link platform against the selected Hedge Fund, and automatically inserting the fund allocations into the Deutsche Bank trading systems.
In the words of our client
"Digiterre delivered an excellent solution, on time, in a very complex, changing environment. They demonstrated an expertise in both technical and business knowledge and I would highly recommend them."
Michael Murray, Assistant Vice President, Group Technology and Operations