Web Product for Automated Bond Portfolio Management

About Our Client

An information agency that specializes in financial markets. The agency operates in the following areas of business: maintaining and developing information websites, holding thematic conferences and financial markets exhibitions, running publishing activities.

For over 10 years, our Client has been providing market professionals with information on bonds, quote benchmarks, indices, market news, expert comments, and research results.

Challenge

The Client has an information web service for financial and investment professionals from diverse companies investing in bonds. All these companies have a bond portfolio that has to be managed to get valuable data. For portfolio management the companies used diverse tools with a low level of automation, which resulted in higher risks, less visibility, lost opportunities and time-consuming processes.

To streamline and automate the portfolio management process, the Client decided to create a service for investors for tracking the latest information on their bond and Eurobond portfolios.

Solution

ScienceSoft together with the Client’s team created a fully integrated tool for bond portfolio management that helps investors:

• Organize the process of buying bonds/Eurobonds.
• Get the information about the current portfolio condition.
• Build statistical reports.

To start buying, investors can view and specify instrument quotes on selected trade floors, issue parameters, key values (yields and their changes, duration, ACI, etc.), country, industry and sector, bond currency.

With the help of the created tool investors get access to a rich information base. Reports display the following company information: full portfolio cost as a sum and a progress history over different time periods; the distribution of investments in securities by country, sector, branch, emitents, repayment and lombard; a report on the past purchases, purchase history with detailed information about operations.

The portfolio management web service was created as a database of bonds that are available for purchase. Companies can find plenty of information about offerings, including yield effect and duration. They are also alerted when the yield level of available bonds reaches a high point.

In addition, there is an events calendar where companies can find a database with further securities events and additional info about it. An operations archive, that is also available, collects all the performed actions that can be filtered by diverse parameters.

Results

ScienceSoft created a web-based tool for financial information provider that is fully integrated into the existing web service. With such a tool, our Client offers financial and investment professionals an automated service for tracking their activities with bonds, as well as acquiring reports for successful operating on financial markets.

Now the bond portfolio management service is in the demo-testing stage with a limited amount of users to ensure that everything operates at the highest level.

The new bond management tool helped out Client expand the functionality of its informational web service and make it more convenient for users, which, as early tests showed, resulted in users’ increased satisfaction levels.

The Client was fully satisfied with ScienceSoft’s custom web app development services.

Technologies and Tools

Zend Framework, MySQL, Ajax, PHP 5, jQuery, Memcache, Highcharts