TRADE RECONCILIATION – Trade Processing Systems
Automation of Trade Reconciliation efforts for cost-effective timely trade settlements
A leading banking and financial services company that provides Trade Processing outsourcing services uses Splunk to monitor Trade Processing Systems for efficient trade reconciliation.
CHALLENGES
- Trade conversions/Trade flow tracked across several distributed Hubs/Sub-systems
- Manual reconciliation efforts – unable to quickly aggregate, correlate, analyse data from multiple systems and sources in a timely manner.
- No single unified view of failed transactions and trade transaction flows
- Multiple paths/trade flows across distributed sub-systems based on the trade transactions.
SOLUTIONS
- Exclusive Trade tracking/monitoring dashboard that tracks each and every trade to quickly identify failed trades.
- Faster resolution time (MTTR) : Troubleshooting made easy by pin-pointing failed trade, failed sub-system for quicker resolutions
- Metrics benchmarking for performance improvements: Trade travel duration between subsystems for each trade
BENEFITS
- Reduced cycle time and total cost for reconciliation
- Single pane of view depicting the trade processing flows for thousands of trades across multiple sub-system/Hubs.
- Operations team can refer to single UI to analyse trade failures and accelerate trade reconciliation process.
Monitored Systems/Data Sources: Trade Processing Sub Systems
Users: Operations Team
Product: Splunk Enterprise
