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SERVICES FOR DERIVATIVE PLATFORMS Despite ongoing regulatory challenges, derivative trading continues to be a key strategy for many firms. And with today’s focus on cost management and growth, many are looking for ways to improve the technology driving their derivatives trading engines, whether it involves implementing a new front- to back-office platform to expand product offerings, upgrading existing systems to gain additional functionality or integrating multiple systems for improved cross-functional processing. Yet, finding the right expertise and skill-sets to help with these initiatives remains as challenging as ever. The Sapient Approach With its Derivative Platform offering, Sapient Global Markets provides organizations that are trading Interest Rate Derivatives (IRDs), Credit Rate Derivatives (CRDs), Equity Derivatives (EQDs), Foreign Exchange Derivatives (FXDs) or commodities with knowledgeable experts who understand the entire derivative trading transaction lifecycle from a business perspective. This unique blend of capabilities helps us craft and implement the right solution for over- the-counter (OTC) derivatives, exchange-traded derivative (ETD) contracts—or both. Our comprehensive offering includes the following services: Technology—Using a variety of solution accelerators and best-practice methodologies, our technology experts are able to speed up implementations and minimize the risk associated with new implementations and upgrades. What’s more, we are able to integrate a variety of derivatives trading solutions, including OpenLink, Murex, Geneva, Charles River and Calypso with other systems, such as finance, risk management, operations and settlement process and reporting. Advisory—Today’s technology initiatives are not implemented in a vacuum. Rather, they have grown more strategic and, in turn, more complex in nature, thus becoming an essential component in helping any company achieve its trading goals. With practitioner-level expertise, our experts help firms select the best-fit derivatives technology platform for their business based on a variety of factors, including business goals, operational processes and existing infrastructure. Analytics—Audits and process reviews are useful tools to identify areas of need. We help firms examine the current state and develop a benchmark-driven roadmap to transition to the desired state. The Sapient | Approach accelerates implementations and delivers value throughout the project lifecycle Regression Testing Customization Build Design & Plan Requirement Release Business process re-engineering Migration strategy design Functional and technical design Application design Integration testing Test matrix and defect resolution Parall el testing & UAT sign-off Support model setup Initial Kick off Implementation Methodol ogy (S|A) Use of Sapient’s unique approach to clearly identify key requirements Implementation roadmap Binary implementation and environment management Core configuration and data migration Package implementation Configuration per user requirements Business specific requirements Optimization of the existing process Release and implementation Go Live devel opment and support Regular issue monitoring and timely resolution Development Testing and Go Live

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Page 1: DERIVATIVE PLATFORMS - sapient.com · SERVICES FOR DERIVATIVE PLATFORMS Despite ongoing regulatory challenges, derivative trading continues to be a key strategy for many firms. And

SERVICES FOR DERIVATIVE PLATFORMS

Despite ongoing regulatory challenges, derivative trading continues to be a key strategy for many firms. And with today’s focus on cost management and growth, many are looking for ways to improve the technology driving their derivatives trading engines, whether it involves implementing a new front- to back-office platform to expand product offerings, upgrading existing systems to gain additional functionality or integrating multiple systems for improved cross-functional processing. Yet, finding the right expertise and skill-sets to help with these initiatives remains as challenging as ever.

The Sapient Approach

With its Derivative Platform offering, Sapient Global Markets provides organizations that are trading Interest Rate Derivatives (IRDs), Credit Rate Derivatives (CRDs), Equity Derivatives (EQDs), Foreign Exchange Derivatives (FXDs) or commodities with knowledgeable experts who understand the entire derivative trading transaction lifecycle from a business perspective. This unique blend of capabilities helps us craft and implement the right solution for over-the-counter (OTC) derivatives, exchange-traded derivative (ETD) contracts—or both. Our comprehensive offering includes the following services:

Technology—Using a variety of solution accelerators and best-practice methodologies, our technology experts are able to speed up implementations and minimize the risk associated with new implementations and upgrades. What’s more, we are able to integrate a variety of derivatives trading solutions, including OpenLink, Murex, Geneva, Charles River and Calypso with other systems, such as finance, risk management, operations and settlement process and reporting.

Advisory—Today’s technology initiatives are not implemented in a vacuum. Rather, they have grown more strategic and, in turn, more complex in nature, thus becoming an essential component in helping any company achieve its trading goals. With practitioner-level expertise, our experts help firms select the best-fit derivatives technology platform for their business based on a variety of factors, including business goals, operational processes and existing infrastructure.

Analytics—Audits and process reviews are useful tools to identify areas of need. We help firms examine the current state and develop a benchmark-driven roadmap to transition to the desired state.

The Sapient | Approach accelerates implementations and delivers value throughout the project lifecycle

Regression TestingCustomizationBuildDesign & PlanRequirement Release

Business process re-engineering

Migration strategy design

Functional and technical design

Application design

Integration testing

Test matrix and defect resolution

Parallel testing & UAT sign-off

Support model setup

Initial Kick off

Implementation Methodology (S|A)

Use of Sapient’s unique approach to clearly identify key requirements

Implementation roadmap

Binary implementation and environment management

Core configuration and data migration

Package implementation

Configuration per userrequirements

Business specific requirements

Optimization of the existing process

Release andimplementation

Go Live development and support

Regular issue monitoring and timely resolution

Development Testing and Go Live

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Page 2: DERIVATIVE PLATFORMS - sapient.com · SERVICES FOR DERIVATIVE PLATFORMS Despite ongoing regulatory challenges, derivative trading continues to be a key strategy for many firms. And

Program Management—Sapient’s Program Management Office (PMO) ensures a consistent approach across a portfolio/program of work and establishes clear accountability for those administrative tasks, providing greater visibility and control. We have aligned our implementation approach with leading derivative system vendors’ own pre-configuration, rapid installation methodologies in order to create the optimal system implementation and upgrade process.

Operations—Companies can turn to Sapient to completely outsource the management of their derivatives trading solutions. With more than 4,500 staff members in India, we offer a Global Delivery Model that ensures top quality, extensively trained and experienced resources that are available to work onsite or remotely. This flexible approach offers the expertise needed, while lowering the total cost of ownership without compromising quality.

The Sapient Advantage

With Sapient Global Markets, you can:

• Speed time to value—The Sapient | Approach is a proven implementation methodology that incorporates best practices and lessons learned over years of practical experience

• Implement “best of need” solutions—Sapient is not tied to a particular software vendor. Instead, we help firms select the right solution based on their particular goals and requirements

• Reduce costs—By conducting upfront analysis and leveraging a proven methodology, we “get it right the first time” and stay on time and on budget

• Lower Total Cost of Ownership (TCO)—With a pool of certified and experienced people on hand, Sapient can help firms access new skill sets without the expense of hiring and training

Sapient Global Markets, a division of Sapient® (NASDAQ: SAPE), is a leading provider of services to today’s evolving financial and commodity markets. We provide a full range of capabilities to help our clients grow and enhance their businesses, create robust and transparent infrastructure, manage operating costs, and foster innovation throughout their organizations. We offer services across Advisory, Analytics, Technology, and Process, as well as unique methodologies in program management, technology development, and process outsourcing. Sapient Global Markets operates in key financial and commodity centers worldwide, including Boston, Chicago, Houston, New York, Calgary, Toronto, London, Amsterdam, Düsseldorf, Geneva, Munich, Zurich, and Singapore, as well as in large technology development and operations outsourcing centers in Bangalore, Delhi, and Noida, India. For more information, visit www.sapientglobalmarkets.com.

© 2011 Sapient Corporation. Trademark Information: Sapient and the Sapient logo are trademarks or registered trademarks of Sapient Corporation or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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At a Glance

A comprehensive solution that helps firms implement a new derivative technology solution, upgrade their existing system or integrate technologies for more automated processes

Advisory services that help companies determine “best fit” solutions based on specific needs and goals

Proven methodologies and tools that help Sapient experts accelerate project implementation and ensure desired results

Outsourced staffing available to manage as much or as little of the derivative solutions as needed

SLA-driven support that can be tailored to meet a firm’s specific requirements