REVIEWER: David Meredith, chief technology officer for Tradeware Global Corp.

BACKGROUND: Tradeware Global Corp is a provider of strategic business solutions for domestic and global equity trading to more than 300 brokers in 40 countries and is a pioneer in the development of the Financial Information eXchange (FIX) protocol. Its open platform provides connectivity for all major buy-side trading platforms and for all main U.S.-listed and OTC marketplaces. Founded in 1993, Tradeware Global has offices in New York and London.

HARDWARE PLATFORMS: Red Hat Linux.

PROBLEM SOLVED: One of Tradeware's key client products, MarketCenter, is a complete FIX-based electronic order management and automated order routing system that routes and keeps track of hundreds of thousands of trades every day around the world, representing several hundred million dollars. Given the time-critical nature and complex regulations of the trading environment, Tradeware's clients needed to be able to easily and accurately report on trading activity and visualize how the trading behavior may affect their business or regulatory position. The company was using a proprietary solution, which became resource-intensive to maintain. Initially developed to supply basic reporting, the client requirements became more sophisticated over time, including the need to create, modify and access reports from a use-anywhere interface. Tradeware considered both current and future needs, including cross-platform support, access to an extensible software development kit (SDK) and the ability to quickly create custom solutions.

PRODUCT FUNCTIONALITY: The flexibility and ease of use of BusinessObjects XI enables Tradeware to create and modify reports in hours instead of weeks, allowing developers to focus on other projects. Tradeware is able to customize the software with the Java SDK and offer customers secure access to critical data over the Internet. In addition to the new reporting and analysis capabilities for clients, several departments across the company use BusinessObjects XI for their reporting and compliance needs. Tradeware also uses BusinessObjects XI to allow clients to view performance data that is most relevant to them - all within a browser-neutral environment. Overall, BusinessObjects XI has dramatically cut the time and cost of report development and enabled both clients and internal users to get the information they need when they need it.

STRENGTHS: Support for multiple platforms has made it possible to control the reporting environment during a period of rapid platform evolution from Solaris to Linux. With BusinessObjects XI, users can create some reports in about an hour instead of several days. Users now have instant anywhere access to critical information in the form they can most easily understand, including spreadsheets, charts or graphs.

WEAKNESSES: In some areas, we have had to extend the product using Java and SQL code outside of the product to deal with complex data manipulation and import. We have also had to carefully consider how real-time information is extracted and reported to avoid load on our production systems.

SELECTION CRITERIA: We chose to deploy BusinessObjects XI because it provided the best match against current requirements, while providing a strong basis for future development. The important features included an end-to-end environment that enabled a platform-agnostic deployment, support for JavaBeans to allow for customized data connectivity and support for Linux.

DELIVERABLES: Employees and clients can access reports on client usage information, trade volume executed per day, compliance information, billing information and much more. Reports are easy to read and are offered in several different formats, such as pdf, XML and CSV.

VENDOR SUPPORT: Tradeware's engineers worked very closely with the product and customer support groups from Business Objects to satisfy the company's technical requirements on Linux. As a cross-platform solution, BusinessObjects XI on Linux enabled Tradeware to keep control over its reporting environment during a period of rapid platform evolution. Business Objects helped Tradeware slash its development costs by making it much faster and easier to create and modify reports.

DOCUMENTATION: The documentation was easily understood by both senior and junior developers as well as product managers and systems administrators. We have rarely had to call the technical support department.

BusinessObjects XI
Business Objects
3030 Orchard Parkway
San Jose, CA 95134
(408) 953-6000
www.businessobjects.com


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