Project References
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Project References
What |we have done...
The following list represents an extract of projects in which xITee has been involved:
- 2011 Eurex Release 14 - Development and testing
Eurex Release 14 brought several new features to the Eurex trading and clearing systems. xITee participated in integration of ECC (European Commodity Clearing) margins calculated with SPAN into Risk Engine, enhancements to cash collateral management, new trading and clearing interfaces and further enhancements to the Risk Protection. In addition new source of trading prices for derivatives has been implemented. xITee employees joined Deutsche Börse teams in functional specifications, development, test and management roles. On 7. 11. 2011 the software was successfully launched.
Client: Deutsche Börse Systems Technologies: Open VMS, C/C++, COBOL, FIX Protocol, Oracle RDB, C# .NET - 2009 - 2010 Eurex Release 13 - Development and testing
After more than one year of development, Eurex comes with a new release 13.0. This release brings new functionality to allocate members collaterals (deposits), new Risk Simulation Engine, trading protection based on margins calculation, an enhanced confirmation interface compatible with FIX, enhancements to flexible contracts handling and some further minor improvements. xITee participated in the project in the build area and test area.
Client: Deutsche Börse Systems Technologies: Open VMS, Oracle RDB, C/C++, COBOL, C# .NET, FIX Protocol - 2009 - 2010 Migration of CFD trading platform to open source
The CFD-Trading-Platform is designed as a B2B solution enabling multiple brokers to provide OTC trading of Contracts-for-Difference to their customers. Current version is fully based on open-source software. It uses an EnterpriseDB/PostgreSQL database, and JBoss server as an application server. This migration improves the overall speed and capacity of the entire trading system significantl, and also brings a high potential of cost savings compared to the former version which was based on proprietary software. Using such a platform will save the customer up to half a million dollars per three year and allows a cost-efficient expansion of B2B relationships.
Client: Securities Trading Bank (Frankfurt) Technologies: JBOSS, SLES, PostgreSQL/EnterpriseDB, Java, EJB, WLST, PL/SQL White paper: Migration of a JAVA Enterprise Trading Platform to Open Source - 2009 - 2010 Eurex Release 12 - Management, development and testing
xITee participated on the development of new functionalities in Risk Engine a Data Warehouse systems. The new changes include connection with US-based ISE stock exchange and with Korean stock-exchange KRX, integrated currency processing, risk management quality validating based on historical data and support for risk management in case of an excess risk exposition during trading. Team of developers and testers for Risk Engine and Data Warehouse projects had been made of Deutsche Börse Services and xITee personnel and lead by an xITee manager.
Client: Deutsche Börse Systems Technologies: Open VMS, Oracle RDB, C/C++, COBOL, C# .NET - 2008 Eurex Release 11 - Build and Test
In Eurex Release 11 xITee joined the Risk Engine and Data Warehouse build teams and participated in changes related to cash and collaterals flow between the Eurex Trading and Clearing System, the Risk Management Engine and the Central Counterparty System. As a new system, the EDRE (Event Driven Risk Engine) was build based on the existing Xetra architecture. The test team on RE/DWH/EDRE was lead by a xITee manager and performed by a joined team of DBSS and xITee.
Client: Deutsche Börse Systems Technologies: Open VMS, Oracle RDB, C/C++, COBOL, C# .NET, HTML - 2007 - 2009 Securities Trading Bank, Frankfurt - CFD trading platform
A Contract for Difference (CFD) is a derivative product that enables trading on the price movement of securities. It is a contract defined as an agreement to exchange the difference between the opening and the closing price of an underlying. Stocks, indices, FX rates and also commodities or treasury notes can be used as underlying assets. The CFD price behaves exactly as the underlying stock price.
xITee has developed a completely new internet based trading platform which has been built from scratch. Our team was responsible for the whole technical design, development and selection of the technologies. The system went alive in November 2008. Now, xITee participates in production maintenance and development of new system releases.
Client: Cefdex AG (Frankfurt) Technologies: Weblogic, JBOSS, SLES, Oracle, PostgreSQL/EnterpriseDB, Java, EJB, WLST, PL/SQL, XML, FIX Protocol - 2006 - 2007 Clearstream - Novelo (RTS Front End)
The originally batch-oriented processing of Clearstream Banking Luxembourg clearing and settlement back-end system was enhanced to support continuous, real-time settlement. As a part of this wider effort, xITee performed the necessary modifications to the RTS Front End, which is a Clearstream internal application for monitoring settlement instructions life cycle and management of the settlement process. In the project, xITee was responsible for technical design, build and testing.
Client: Clearstream Banking Luxembourg Technologies: Unix, Oracle, TOAD, PowerBuilder - 2006 - 2007 Clearstream - HUB
The life cycle of settlement instructions within Clearstream Banking Luxembourg clearing and settlement back-end system is driven by incoming/outgoing messages from SWIFT and other networks. This connectivity is controlled by the HUB components, and xITee was in charge to develop some transformations for that system, that are in charge of receiving/sending messages and making the necessary message format transformations. In the project, xITee was responsible for technical design, build and testing of those transformations.
Client: Clearstream Banking Luxembourg Technologies: Unix, Oracle, ISO 15022, ISO 20022, Java - 2006 - 2007 Clearstream - Account Master
xITee performed the migration from a legacy mainframe system to Unix of approximately 100 file-based interfaces used by processes and applications running on the clearing and settlement back-end system of Clearstream Banking Luxembourg. Another part the project was implementation of internal reporting on credit line availability and customer risk limit usage during different phases of the settlement cycle. In the project, xITee was responsible for technical design, build and testing.
Client: Clearstream Banking Luxembourg Technologies: Unix, Oracle, Oracle Reports, TOAD, Java - 2006 Clearstream - Collateral Management System Reports
Collateral Management System (CMS) is a repo trading and clearing system used by Clearstream Banking Luxembourg. xITee implemented all customer reports produced by the system. The reports fall into three different areas: Concentration Reports to evaluate the concentration and risks of open exposures, Forecast Reports to evaluate collateral and cash availability, and Triparty Collateral Management Reports to evaluate the current open exposures from the point of view of the collateral giver and the collateral receiver. In the project, xITee was responsible for technical design, build and testing.
Client: Clearstream Banking Luxembourg Technologies: Unix, Oracle, Oracle Reports, TOAD, C/C++ - 2006 Prague Stock Exchange - Market Data Dissemination Analysis
xITee conducted a comparative analysis of differences in market data distribution (prices, volumes, and similar), as done at PSE, at other CE exchanges (Warsaw, Budapest, Wien), and by global players (London, Frankfurt). The study suggested possible improvements to bring PSE into a better marketing position and increase its revenues. Implications and opportunities caused by the upcoming EU Markets in Financial Instruments Directive (MiFID) were also covered. PSE market data dissemination contracts and pricing schemes were adjusted according to this analysis.
Client: Prague Stock Exchange Technologies: - 2006 - 2007 Eurex Release 10 - Flexible Options and System Limits
Within Eurex Release 10, xITee participated in two areas. In Eurex trading system, functional testing was executed for changed functionality of flexible options and futures. In the market risk management and data warehouse subsystems, changes of flexible options and futures have been implemented and tested. In addition, existing restrictions of transaction and master data volumes were analyzed and extended according to the foreseen figures.
Client: Deutsche Börse Systems Technologies: Open VMS, Oracle RDB, C/C++, COBOL, HTML - 2006 USFE 1.0 End-to-End and Functional Testing and External Documentation
USFE is an US futures exchange located in Chicago. xITee contributed to the project in two areas. In testing area, xITee performed tests of USFE interfaces to other systems and organizations and tests of new system functionality. In documentation area, official USFE manuals for exchange members and Operations department were updated.
Client: Deutsche Börse Systems / US Futures Exchange Technologies: Adobe FrameMaker - 2006 Eurex 9 External Documentation
Part of the official Eurex manuals for exchange members and Market Supervision department were updated with enhancements introduced in Eurex Release 9. The update included also online help of the official trading and clearing applications. The task required very good understanding of Eurex trading and clearing functionality, as well as technical skills to setup the Eurex system and generate examples and screenshots.
Client: Clearstream Banking Luxembourg Technologies: Eurex @X-ceed, Eurex @X-tract, Adobe FrameMaker - 2005 - 2006 CCP 3.1 Clearing Supervision GUI
CCP (Central Counterparty) is the main part of Deutsche Börse backend clearing system, concentrating data from several trading platforms and communicating with multiple settlement institutions and banks. Within CCP Release 3.1, xITee took responsibility to upgrade the J2EE-based CCP user interface used by the internal Clearing Supervision personnel. The project scope consisted of technical design, build, system test and technical documentation update.
Client: Clearstream Banking Luxembourg Technologies: Open VMS, J2EE, Java, XSLT, Oracle RDB - 2005 - 2006 Eurex Release 8 and 9 - Eurex Observer
Eurex, a leading financial derivatives market, launched new trading schemes in Releases 8 and 9, mainly derivatives strategies (combination trades) and OTC auctions. In both Releases, Eurex Observer, a tool used by market surveillance, was extended to allow for the new trading patterns. xITee was responsible for part of the backend in the whole development cycle - functional specification, implementation, product and regression tests and production support and maintenance.
Client: Clearstream Banking Luxembourg Technologies: Open VMS, Oracle RDB, C/C++, COBOL, HTML - 2005 - 2006 Strategy Master Online
Strategy Master Online is a web-based Java applet tool, available on the Eurex web page. The application is used for marketing, simulation and training purposes. It allows to create and maintain a portfolio of derivatives strategies supported in Eurex trading, using real price and volatility updates. The tool displays profit-loss summary as well as calculated theoretical prices and greeks. Portfolio projections into the future and simulations of effects of changes in volatility are supported. The information is also presented graphically. xITee was responsible for implementation, product test and production launch support.
Client: Deutsche Börse Group (Frankfurt) Technologies: Unix, Java, Swing, HTTP
Company news
On Saturday 31. 3. 2012 xITee employees participated Hervis Half Marathon in the relay category. We ran for charity to support The Czech Cystic Fibrosis Association and of course for fun. Our time was...
Eurex Release 14 brought several new features to the Eurex trading and clearing systems. xITee participated in integration of ECC (European Commodity Clearing) margins calculated with SPAN into Risk E...
After more than one year of development, Eurex comes with a new release 13.0. This release brings new functionality to allocate members collaterals (deposits), new Risk Simulation Engine, trading prot...
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