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.
