Interactive Broking Platform
West Croft’s client, a boutique broking firm, hired a team of brokers with the
understanding that a voice order management platform would be provided to them enabling the brokers to manage price build up.
Within 3 months West Croft were able create a broking tool that allowed this form of structured price build up and desk collaboration. The brokers were able to efficiently enter prices on behalf of their clients with size defaults, price depth views and track executions across several asset classes.
Data Visualisation
After the financial crash in 2008, regulations around price and trade transparency rules were imposed on all capital market participants through the Dodd Frank and MiFId legislature. West Croft’s client, one of the largest interdealer brokers, wanted to visualise the now publicly available FX Option trade datasets graphically, by plotting the trades expiry dates against their strike levels. The client wanted a summation of the trade data, as opposed to individual, discrete data points.
This visualisation gave the client the ability to identify and focus on the particular areas where a high concentration of FX Option contracts were being executed in the market.
Price Data Analysis
West Croft’s client, a prominent Agency brokerage, required a way of determining which liquidity providers offered the best prices across currency pairs and expiries over a specified timeframe. To do this they needed to track the price build up for their FX Option contracts and apply a proprietary calculation dependant on price rankings and execution success.
West Croft now store the client’s FX Option quotes on a database hosted in the cloud and managed on local spreadsheets. Using our Excel Collaboration software, the global team can add, edit, and view the dataset. Once a quote is added or edited, the changes to the dataset are published to all users simultaneously.
P&L Tracker Dashboard
West Croft’s client, a prominent Agency brokerage, needed a way of tacking their P&L across their offices globally. The trade data is used to sanity check the Accounts departments records and provides transparency across the desks for daily handover. The desk had no way of securely sharing their daily performance reports with management.
West Croft now store their Excel spreadsheet data in the cloud and use our Excel Collaboration software to distribute data updates and manage data queries in real-time. West Croft were able to deploy their Collaborate system, and assist with the engineering of the spreadsheets within 1 week of the initial analysis.
KYC Platform
West Croft’s client, a business services provider, manages the business registration and KYC process for a number of companies across regulatory jurisdictions. The registrations and KYC workflow were managed using a series of Excel spreadsheets, carefully ordered Outlook folders and a manually updated Word document. They required a platform that could automate the detail request workflow, store their documents, summarise the overall condition of their compliance across the portfolio of clients and automate some of the KYC work flow.
The system is hosted in the client' s Azure cloud instance, which is secured by two-factor authentication and real-time audit reporting on changes to commercially sensitive data. The platform automatically generates notification emails when documents are past their validity date and allows external agents to upload and manage their details and documents via external landing pages.
Contract Automation
West Croft’s client, a FTSE 100 commodity trading firm, required the ability to
efficiently generate trading contracts, reusing legal terms and conditions for new agreements. The legal team’s existing solution required significant manual effort and inefficient document management.
Within 2 months, West Croft deployed a web-based document creation and
management platform that allowed the legal team to create and insert legal terms into standardised documents that were tailor-made to their business.
Whiteboard: Quote Tracking and RFQ
West Croft’s client, a FTSE 100 commodity trading firm, required the ability to
securely track and store the price build up and trade execution of non-standard contract quotes. The client had been using a series of spreadsheets to track prices and periodically create manual reports to determine the performance of their liquidity providers.
Within 1 month, West Croft deployed a web-based quote-tracking Whiteboard, allowing the client’s traders to track the pricing of their contracts across business centres, record executions and independently pivot the data to produce reports.
AI Based Market Intelligence
West Croft's client, a FTSE 100 commodity trading company, required the ability to extract information from a curated database of market intelligence, in order to inform trading decisions and client buildout.
Within 3 months, West Croft deployed a web-based AI platform which ingested the market intelligence database, Compliance data set and market data, determining the relationships between data points and providing a conversation-based interface along with dynamic visualisation of the market structure.
Case Studies
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