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Technology
Services Grid
The Services Grid, a set of one or more clusters of computation engines, provides scalable resources to application and Connex Integration Services. These engines provide stateless computation resources that can dynamically scale to the needs of each application. The Real-Time risk service, for example, can compute multiple computationally intensive scenarios to derive risk factors.
The Services Grid uses parallelization to increase computational performance. The management facilities of the grid allow for static allocation of nodes for tasks as well as dynamic allocation of resources based on overflow processing requirements and free resources.
Domain Application Services – Domain Application Services offer dedicated clusters of engines providing core business functionality. Built on the Grid-Enabled Services Architecture's framework providing load balancing, scalability and hot fail-over, these services run as clusters of engines centrally monitored and maintained.
OpenLink's real-time services include:
Reporting and Calculations
The grid-enabled solution allows for production of reports and risk analysis calculated in a load-balanced, timely manner. The size and configuration of the processing power can be modified "on-the-fly" as needed by processing demands utilizing the Service Grid to balance needs with available computation resources.
Real-Time Risk
The Real-Time Risk services allow for real-time computation of client defined risk calculations. These calculations can range from simple position or P&L valuations to more complex VaR and scenario-based exposures. Parallel execution of multiple risk definitions results is high scalability. These engines also allow for fault-tolerance through “hot" failover deployment options and can utilize the computation grid when necessary.
Real-Time Credit
Real-time calculation of client-defined credit exposures is at your fingertips with Real-Time Credit services. Whether your need is simple payment bucketing algorithms, delta exposure or more complex VaR and scenario-based exposure calculations, this scalable service is up to the task. Multiple credit definitions can be executed in parallel and the engines also allow for fault-tolerance through hot-failover deployment options and can utilize the computation grid.
RTPE
Real-time physical and financial positions can be published to page viewers with the Real Time Position Engine service.
Accounting
The accounting service provides full multi-currency sub-ledger functionality. The Service can fully utilize the Services Grid to execute postings in parallel based on user defined accounting rules.
STP
Provides rule-based exception processing for front - to back-office transaction events in a clustered, load-balanced environment. OpenLink's solution can handle even the most complex exception rules. STP also offers a full auditing and security layer — another reason why so many major financial institutions and other firms have turned to OpenLink's solution.
Operational Risk Management and Monitoring
As regulations and best practice continue to evolve, OpenLink's adaptable operational risk analytics — including Loss Data Analysis, Key Risk Indicator Analysis, and Anomalous Transaction Detection — will help ensure your firm stays ahead of the curve.
