Debtwire Primary Issuance Data Platform
Acuris partnered with Digiterre to launch Primary Issuance Data – leading edge service for the Debtwire platform.
Integration and Automation of Credit Derivatives Trade Processing Flows
Deutsche Bank made an internal decision to use the ICE Link post-trade connectivity and middleware platform for Credit Default Swaps (CDS) market, with the aim of reducing the time to process trade and to reduce operational costs.
The challenge
- To create a seamless integration between ICE Link (the world’s most widely adopted CDS trade workflow) and in-house Deutsche Bank systems.
Our Solution
To achieve the required business benefits, a custom solution was required to link Deutsche Bank to ICE Link providing:
- Coverage for CDS Single Names and CDS Indexes.
- Coverage for core Deutsche Bank CDS workflow including new trades and trade amendments, as well as automated fund allocation insertion into Deutsche Bank systems.
- A robust architecture with guaranteed message delivery within the very tight timescales required by the two platforms.
- A solution with minimal configuration required for each additional client added to the Deutsche Bank systems
Key Benefits
- 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.
- Regular reviews were carried out involving all three parties (In-house development, offshore development & Digiterre) throughout the process, which helped to ensure that the project met the requirements of the business.
- 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 inhouse 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
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Integration and Automation of Credit Derivatives Trade Processing Flows
Seamless integration between ICE Link and in-house Deutsche Bank systems.
Get in touch
If you would like to find out more, or want to discuss your current challenges with one of the team, please get in touch.