Objectives
SSGA used Netezza to run business-critical quantitative workloads for market pricing of funds.
With Netezza reaching its end of life, the firm would have to restructure its capital pricing models.
Mastek was engaged to build solutions that will provide performance benefits of pricing algorithms and allow for on-demand scalability of data.
Challenges
Migrate Capital Pricing models from Netezza to a Scalable platform to meet SLAs.
Optimize core computational algorithms.
Migration requires advanced programming skills in R, Python, and Spark.
Why Mastek?
- Proven expertise and deep knowledge in migrating from Netezza to AWS Redshift.
- Strong experience with performance optimization of pricing algorithms.
- Proof of Concept to establish the right architecture and environment.
Benefits
On-demand and scalability of AWS EC2 allowed the business division to evaluate trading risk before the market opened.
Affordability – 10% reduction in server and storage costs (~$1.5M/year).
Agile Processing – Implemented a re-usable framework and self-service utility.
