=

desalasworks presents:

a selection of works by steven de salas

Markit Commission Manager

Commission Manager is a trade reconciliation tool enabling brokers and funds in the worlds largest financial institutions to settle their commission differences.

The Project

The project involved a standardized platform to aggregate and manage trade information, commission balances and vendor invoices and payments.

Functionality

Markit Commission Manager enables users to reconcile their trading commissions with multiple counterparties and then instruct those counterparties to pay for research and brokerage services – all from a single platform. This efficient workflow eases the administrative burden of managing multiple commission arrangements.

The functionality is centered around trade reconciliation, raising of invoices and managing balance differences.

  • Detailed reporting of balance, trade and invoice information
  • Efficient tools to manage and highlight trade breaks
  • Administrative configurations for new users, tolerance levels, and arrangements
  • Compliance tracking of interactions within the Commission Manager system

Business Partner Integration

In addition, it was necessary to provide systems integration with all broker-dealers that were involved in the project.

Comments on the Commission Manager platform

UserSofia Rossato – Head of Markit Research Manager at Markit

Markit Commission Manager is the latest addition to our Markit Research Manager range of services. Our objective is to enable investment firms to manage their entire research workflow – including sourcing research, tracking corporate access, voting on brokers and managing research commissions – from one single platform to bring greater efficiency and internal visibility to the whole process. Markit Commission Manager is the final piece in the jigsaw. We have partnered closely with BofA Merrill Lynch, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan and Morgan Stanley to ensure the platform meets the needs of the industry.

UserFrank Volino – Head of Global Commission Management Services at Citi

This platform is good news for buy-side and sell-side alike. It will allow the buy-side to use a standardised set of tools to manage their commission credits at multiple broker-dealers. We are very pleased to be part of this important industry initiative. This platform is in a strong position to become the industry standard.

Commission Manager in the News


07 Oct 2011
Markit launches commission management platform
http://www.bankingtech.com/bankingtech/article.do?articleid=20000213861


04 Oct 2011
Broker-Dealers Fund Markit’s New Commission Management Platform
http://www.securitiestechnologymonitor.com/news/markit-brokers-commission-29174-1.html

Markit Environmental Registry

The Markit Environmental Registry is a central repository for tracing the ownership of carbon credits anywhere in the world and is the 1st ranked registry in 2012 Environmental Finance’s survey.

Rich Application for Carbon Market Transactions

Development of a fully Object-Oriented Javascript interface using the latest version of the EXT JS framework, a fully featured AJAX and GUI widget library based on Yahoo UI.

This was a 6 month project going live in September 2010 as part of the Markit suite of environmental products. The Markit Environmental Registry is a central repository for tracing the ownership of carbon credits anywhere in the world and has helped Markit gain 1st place for ‘Best Registry Provider’ in 2012 Environmental Finance’s survey.

While the work was primarily focused on individual paid-for access, there is also a complimentary public view interface that allows non-users to query database directly (written in plain HTML for SEO optimization).

Registry Landing Page

Delivering Features with Optimal Usability

Deliverables include a fully-operating Graphic User Interface compatible with IE (6,7 and 8), Firefox (3.0 upwards), Chrome and Safari in the form of an 8,000 line JavaScript library with 43 compiled javascript classes using object-oriented inheritance for minimal code-repetition and Java nomenclature and namespace breakdown wherever possible (with a view to find a replacement Java programmer) .

AJAX Architecture

The end result is a rich interface for a data-driven web application, with look-and-feel similar to that of a desktop application like Excel or Outlook. The users of the registry can access the following features:

Advanced Dockable Components

Standardised components such as grids (for record lists) allow for easily building functionality with components that can be docked in tab panels or within a popup window. Base components provide key functionality, such as layout, ordering, paging and searching and can be extended depending on the requirements for each section of the application.

Advanced Dockable Components

Simplified Search Criteria

Search criteria is simplified and prioritised to hide items that are less relevant to the user. Searching requires minimal input from the user (usually mouse-scroll and click).

Simplified Search Criteria

Predictive Search

An AJAX favourite. The implementation within the Registry is done using DOM buffering (only the items displayed are being rendered in the browser) which allows for thousands of records to be quickly filtered down to those that fit relevant criteria in milliseconds.

Predictive Search

Context Menus (right mouse button)

Context menus are used for right-clicking on a piece of information to find out relevant actions that can be performed. This is ported from functionality found in desktop application such as Outlook or Excel.

Context Menus

Windowed Interface

Window “lightboxes” are used to display information about individual records. These are pop-ups rendered within the page as modal windows, which provide a high degree of responsiveness in the application and the look-and-feel of traditional desktop applications.

Windowed Interface

Server-Side Validation Messages

Intuitive and appealing server side validation messages (without needing to refresh the page). The fields a user has entered incorrectly are clearly highlighted and provide additional information when hovering above them.

Server Validation

Hierarchical Data Representation (expanding trees)

Data is presented hierarchically wherever relevant, for example a syndication “Basket” used for risk management, can be constructed to contain other items within in. The User Interface displays this as an expandable item, with other items within it.

Hierarchical Data Representation

Object-Oriented Inheritance

The interface is designed as a self-contained JavaScript class library with components (Classes) that inherit from each other. This is done to reduce code-duplication and make the software more manageable.

Object Inheritance

Environmental Registry in the News

Markit Environmental Registry named ‘Best Registry Provider
April 2012

 

Feedback on the Registry

Some of the feedback received on this project:

UserEli Goncalves (End User)
www.personalco2zero.com

13 Sep 2010 – Your new platform really became more practical. Congrats!

UserHelen Robinson (Founder)
www.markitenvironmental.com

20 Sep 2010 – You guys have done a wonderful job, thank you very much!

Barclays PEDM Application

PEDM is a commercial application for internal-use of Barclays Private Equity.

This AJAX-based web application is used daily to track information about ongoing and historical deals.

Functional Enhancements to Barclays “Private Equity Deal Manager” application

PEDM version 4.0 release included functional enhancements to support entering post-deal lifecycle investment data including ownership breakdown by legal entity, financial instrument detail and historical transactions.

This release also included some advanced features such as reporting of investment snapshots, portfolio analysis (rate of return calculations) and auditing and version snapshots with roll-back capabilities.

The new ‘Investments’ section developed for Barclays Private Equity Deal manager v 4.0.

The new 4.0 version of Private Equity Deal Manager includes capabilities for adding post-deal Investment information and collating this information for managing a portfolio of Private Equity assets.

Barclays Private Equity

Template design and implementation of Vignette CMS (Content Management System) for Barclays Private Equity, a well known UK and European Private Equity firm.

Designing the Front Page Template

  • Light-Blue page designed based on Parent Company – Barclays PLC.
  • Rounded borders implemented in CSS
  • Highly accessible Menu and Search function using CSS and W3C standards.
  • No HTML tables.
  • News / Award boxes implemented as Vignette “content types”
  • Uses JSP-based component model and Java framework.

BPE Main Page

Designing the Sub-Page Template

  • Mostly based on the home-page with few modifications
  • Menu implementation using a faded version of Barclays Blue
  • Collapsable Right-Hand Box model.

BPE Subpage

Designing Specific-Area Templates

  • Mostly based on the home-page
  • Tabular format based on available data
  • Using CSS and W3C Accessible specifications

BPE Deals

Workflow Implementation

  • Create content approval workflows in Visio
  • Export into XML format
  • Import into Vignette platform

BPE Workflow

All Together Now

  • Implementation on Vignette 7 CMS Platform
  • Proprietary Java framework
  • JSP, XSLT template component model

BPE Vignette CMS