Success Stories
Enhanced stock coverage by development of web based share valuation system for one of the biggest wholesale stock broking houses of UK
Business Need
Client wanted to redevelop the share valuation system to address existing system architecture issues. The system provides valuable insights in some of the UK and European stocks including their financial details, market prices and other performance indicators. The system has about 1,300 stocks database with about 300 high-value users. Client wanted to expand its operations both on the numbers of stocks data, including US and far Eastern stocks, and the scalability of the system.
Challenges and Requirements
Client wanted to add multiple functionalities to the share valuation system to address existing system architecture issues and provide a web-based interface to the share valuation application. Several new functionalities were added to the system and the coverage of stocks was expanded. It also wanted to off-shore the maintenance support for its product.
HCL Solution
HCL took a holistic approach to the project and worked closely with the client’s IT, business and user teams to design and implement the new share valuation application. HCL experts were involved in all life-cycle stages of the project, from requirements definition to development, testing and maintenance support of the system. HCL was also involved in the continuous updation brought about by the legislative and business requirements.
- Quick Time-to-market to launch the new functionality
- The new application allows the Client’s operations to include about 7,000 stocks, a multifold increase from the existing 1300 stocks, including US and far Eastern stocks
- The new system is now scalable to a maximum 2,000 users from the existing 300 users.
