Phi Partners is selected by a Tier 1 investment bank to develop the roadmap for a complete technical overhaul of a central pricing architecture, in readiness for FRTB.
Our client was facing challenges extending their Risk Platform beyond two asset classes and the platform was not fit-for-purpose to meet the requirements of FRTB. A simplistic distribution model and an unstable, often overloaded architecture lead to over-running jobs and inconsistent results.
With our extensive business and technical expertise in traded risk, high-performance computing and big data, together with a highly successful delivery record within this client’s pricing and risk space, Phi were the obvious choice to advise on the pricing architecture roadmap.
Phi provided a team of seven experts in risk architecture, performance analysis, cloud computing and DevOps, working on-site with the client and led by a respected project manager with a proven track record of delivering state-of-the-art risk platforms.
The Phi legacy is a satisfied client, benefitting from immediate solutions to their most pressing performance issues, combined with a crystal clear view on where to focus their technology investment over the medium term.
In this new context of clarity, their pricing architecture becomes strategically fit-for-purpose: built to minimise development complexity, maximise operational efficiency and ready to support the requirements of FRTB in 2019 and beyond.