The Mission - Build a “re-usable component library”, not just analytics libraries, but also workflows, calculation engines and other useful widgets Build a “new product methodology” based on these
Why? - Improve development productivity and quality Deliver 30-40* new products in 1-2* years Reduce model development time down to 10 days* Deliver structured/cross product tool quickly
How? - Build generic engines that implement the standard QR workflow, and extend it with product-specific behaviour using a “plug and play” approach.
Features -
- Event Triggers: new/modifications in data e.g. market data, trade date and reference data
- Worksteps: curve generation and value calculation workflows, wrapped up as services
- Other data: instrument, business conventions, calendars, etc.
- Generic applications: viewers, editors along with Microsoft Excel automation
Value - Highlander enables a new product valuation workflow to be developed as re-useable set of components, for example: Server-based engines providing standard curves and valuations using live market data and bonked trader; Distributed Custom curve/valuation engines running on grids to speed up intensive calculations.