FIN920: Automating FSI Trade Lifecycle

Bill Jacobs Senior Product Manager, Sybase Infrastructure Products Group bill.jacobs@sybase.com / (+1 (303) 409-7431 6 August, 2003

Agenda FIN 920

Trading Systems Challenges New Challenges & Complications How Integration Orchestrator Can Help Automate FSI

Features Overview Brief Demo Capability Summary

Business Activity Monitoring with Integration Orchestrator

Questions?

Line-of-Business Priorities:

Managing During Economic Uncertainty

Focus on business critical only Identify critical cost drivers & automate Improved external integration Streamline human involvement o exception management o self service applications Failure anticipation Fewer, smaller projects Faster time-to-results Cut development costs Accelerate Risk Management to near real-time Respond to regulatory changes Increase service to customers

Trimming operational costs

Reduced development costs

Risk Management

Business Growth

Continuing Challenges

Simplify trading & settlement application development Re-use existing investments Streamline trade processes Attack sources of settlement exceptions Simplify maintenance

New Business Complications: Regulatory

Basel II:

Transaction warehouse Operation Risk provisions increased cost of failures

Cost-effective reporting Corporate governance & accountability External integration for research acquisition & dissemination Real-time detection, External integration for reporting Collaborative case resolution Anti-money laundering

Sarbanes-Oxley:

Graham:

USAPatriot & related Anti-Terrorism:

Enduring Integration Needs:

Streamline Development & Design Collaboration Facilitate Deployment & Admin Bridge New & Whizzy to the Good, the Bad and the Ugly Architect for Longevity & Durability Integrate B2B Facilities Streamline Exception Management Improve Operational Management Capabilities Track FSI Standards - SWIFT, FIX, etc. Track Emerging Standards (xxML)

An [Over-]Simplified View of Trading

Information Provider

Investment Managers

Broker Dealers
Risk and Compliance

Exchanges
Front Office Asset Management Trading

Trading

VMU
CRM Trading Banking

Operations Back Office

Custodian

Depository

Cost Reduction in Capital Markets Example

Information Provider

Broker Dealers
Investment Managers
Exchanges Reference Data Cleansing

Risk and Compliance

Trading Asset Management Trading VMU Clearing, Settlement & Reconciliaiton Alerting

Automated Matching Processes Integration Needs Custodian

External Integration
Trade & Settlement STP Exception Collaboration Reference Data Mgmt. Risk Management Compliance Trade & Position Monitoring Customer Workflow

Settlement Exceptions

Operations Staff

Depository

Sybase Trade Lifecycle Integration Solutions

Fitting It Together: Something Old, Something New

Financial Networks: SWIFT, FIX, OMGEO

Packaged Applications
Custom Systems Legacy Apps Databases

Adapters & Connectors

Results

Integration Infrastructure

Business Process Engine Monitoring Engine

Real-Time Business Metrics

Alerts Logging & Auditing

Transactions
Users Partners Customers

What the Experts are Saying... The Business Process Integration Challenge

A serious limitation of stateless message broker EAI architecture is that business logic describing a process is embedded in the underlying integration and application infrastructure that executes the process. This makes it difficult to examine, manipulate, or analyze a process without detailed information about the underlying message broker and core application infrastructure. Kevin McIsaac, Meta Group

Why BPM? A Badly Abbreviated History of EAI

In The Beginning

Which Grew

Customers

Warehouse User Adapter

Adapter
Adapter Message Systems

Adapter
Message Systems Integration Server Message Systems ERP, CRM

Legacy System

Integration Server Adapter

Sales Accounting & Credit Check

Why BPM? A Badly Abbreviated History of EAI

Processes Implemented In The EAI Method:

A New Method Is Needed: BPM Delivers:

If Message Header Contains ___ to ____ If field: CustType is ____ Do ___ If ___ do ___ If ___ do ___ If ___ do ___ If ___ do ___ If ___ do ___ If ___ do ___ If ___ do ___ If ___ do ___

Easier to Build & Understand Faster to Deploy & Manage Easier Monitoring Easier Modification

Introducing Integration Orchestrator 4.0

Integration Orchestrator Convergence

Web Services: Consumer - Now Producer - Future Process Xchg. To/From PowerDesigner Eclipse IDE Graphical Business Process Design EAI: eBiz Integrator BPM: Process Server Native XML Engine Built-In HL7 & Database Integrated Monitoring & Dashboards via BizTracker

Integration Orchestrator 4.0

Integration Orchestrator 4.0

Key Contributions over Prior Products:

Easy-to-Use Design GUI Process-Centric Development Converged EAI & BPM Broad adapter & connector support Integral XML-based engine Integral Database connector Continued support of existing binary forms Direct support of web services Simplified integration with J2EE apps Direct business process monitoring Logical / Physical Separation Automatic packaging for deployment PowerDesigner integration for business processes

New Design GUIs

Process Design Workspace

Multi-pane Eclipse IDE Drag & drop Direct monitoring

Discover & Import endpoints Blend eBiz Integrator & XML technology Map logical to physical Select & package processes for deployment

Services Discovery Tooling

Mapping, Transformation & Rules GUIs

Realization & Packaging Wizards

Why Process-Focused Integration?

Easiest to Understand

EAI buries logic in the Infrastructure Custom Apps Bury Logic in Code
Stateful process management Explicit compensation Graphical Process Development GUI Combined EAI & Process Management Direct Integration of Web Services Direct Integration with legacies Example: Parallel Enrichment

Enhanced Reliability

Reduced Development Time

Increased Flexibility

Integration Orchestrator: Basic Goals

Grow With the Industry & Our Customers Needs

Converge BPM & EAI Products Simplify monitoring, auditing, alerting & metrics capture Make integrated app development easier Direct & easy Web Services integration Close Air Support for integration of J2EE applications

Integration Orchestrator: Enabling Collaboration

Line of Business

GUI Process Tools

Manager Process Expert

IT Developer IT Architect IT Operations

IT

Integration Orchestrator: Simplified Administration

Easy to Use Administrative Tools

Benefits of Combined EAI & BPM

Improved Development Tools Separate Logical Processes from EAI Lower License Cost Fewer Queue-Hops Distributed Architecture Improved Process Reliability

Additional Technology Additions

Integration Services

Native XML Support Database Integration JMS-based queueing Direct J2EE EJB integration WSDL & UDDI Integration SOAP Communications ebXML via Web Services Integrator RosettaNet via Web Services Integrator HL7 for Health Care Optional SWIFT & FIX Support Process metric probing for BizTracker Dashboards & Auditing in BizTracker

Web Services Support

Vertical Market Capabilities

Process Monitoring Integration

Adding Monitoring ( easily!) Part 1

Enable Monitoring:

1) 2) 3) 4)

Configure a Probe Attach it to a process step Export the Probe definition in BTIE Deploy the Process

Development Advantages:

Fastn Easy Tools hide metadata management Process & instance context automatically added Speeds process improvement

Adding Monitoring ( easily!) Part 2

Integration Orchestrator GUI

BTIE

BizTracker Configuration GUI

To Configure BizTracker:

BizTracker Dashboards in EP

Export Probe Definition from Orchestrator Load into BizTracker Configure delivery transport Metadata describing the probe Process ID for the sending process Process stage identification

Provides BizTracker With:

Adding Monitoring ( easily!) Benefits

Comprehensive Monitoring:

Auditing Reporting Alerts Aggregation Dashboards Message Repair Easy Setup Developer-selected monitoring It works in near real-time Its easy to change Its uses less bandwidth

Alerts and Status

Superior Usability:

Transactions

Process Metrics, Dashboards & Reports

Cost Justified:

Error Handling Business Processes

Cuts development costs Provides Real-time visibility to processes Comprehensive measurements Direct process effectiveness feedback

Results

Sybase Internal Integration Options

Message Libraries
SWIFT SWIFT ISO15022 FIX HL7 Numerous EDI

Industry Specific Adapters

SWIFT GSTPA OMGEO FIX HIPAA
Internal Connectivity

Technology Adapters
Databases Flat Files XML Java Components J2EE Components J2EE Connectors EDI X.12 Batch Files CICS / OS390 IMS / OS390 FTP TCP/IP LU6.2 ODBC Terminals e-Mail

Packaged Applications
SAP R/3 Siebel PeopleSoft
CICS
DBMS

UNIX

Transports
MQSeries MSMQ Tibco RV EMQ CTS JMS

Windows

Additional Capabilities
Replication Connector Adapter Development Kit

What the Experts are Saying...

Sybase Top 3 Vendor - Butler Group Analyst Report

Sybase's position is well-deserved. The vendor has brought together a range of technologies and capabilities, and forged them into a solution packed with technical credibility and clear focus."
Butler Group

What the Experts are Saying

Sybase and Financial Fusion is number one in Financial Services Market.

TowerGroup report The Middleware Revolution: Whos Hot and Whos Not in the Integration Space

TowerGroup View: In addition to its well-known data management products, Sybase has brought a vast array of EAI components together under the same roof. The e-Biz message broker technology was optimized for large-scale, rules-driven implementations robust enough to handle massive payment systems. With PowerDesigner, Sybase has embraced the higher-level BPM functions that allow users to graphically map out workflow and business rules, while the Sybase Integration Orchestrator can facilitate the execution of automated tasks.
Tim Lind of TowerGroup

What the Experts are Saying...

Sybase's Integration Orchestrator provides companies with a new approach to enterprise application integration and business process management. It separates environments and tools for business and technical users and provides a way to accelerate development by empowering business analysts to drive integration definition, management, and modification while freeing IT resources, since they are only required for the physical layer connectivity and initial configuration.
Beth Gold-Bernstein, Vice President of Strategic Services, ebizQ

What the Experts are Saying...

Integration Orchestrator is particularly well-suited for companies that have restricted IT resources but important business integration needs. By virtue of its business-based process management, it's appropriate for scenarios where integration needs or business processes change frequently. It's also appropriate when a company's underlying IT infrastructure will undergo change, since the logical business integrations aren't tied to physical resources and can be easily adapted to updated hardware or software.
Beth Gold-Bernstein, Vice President of Strategic Services, ebizQ

Questions (And Hopefully Answers!)