Author: Michael Versace

Best Practices
June, 2012  -  Doc # FIN234985
Number of Pages: 13

This IDC Financial Insights report highlights the experience of BD Bank & Co. with its use of Big Data technology to rationalize its post-trade processing environment initially for the derivatives business and subsequently for the international and domestic securities business. This document discusses the company's use of Big Data technology and experience with this deployment, including the business rationale behind the decision, results attained, and future plans. BD Bank has implemented MarkLogic Server to deliver the operational data store that underpins the derivatives and securities processing platforms.

According to Michael Versace, director, Global Risk, IDC Financial Insights, "Global investment banks are being forced to adapt to the realities of a much more austere operating environment while at the same time designing more transparency and governance into trading operations. This demands that they prioritize the development of cost-efficient, scalable, and operationally cohesive platforms for trading data, analytics, and reporting. Clearly, it also demands that they get to grips with the challenge of managing Big Data technologies and leveraging the value of that information to make smarter, faster, and more successful business decisions to achieve an advantage in ruthless markets."

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