FNX

A 10-year rewrite in 10 weeks – Tarantella makes it happen

FNX is a leading provider of financial technology solutions to the global capital markets. Its mission-critical front, middle and back office trading and risk management product, Sierra System, comes with a 9-figure price tag. But using Tarantella^® technology, FNX was rapidly able to offer Sierra System as a hosted, ASP solution to approach new markets, win new customers, quickly increase revenues and increase profitability.

"Moving forward quickly is the key to profitability," Laney explained. "We had a ten-man-year development estimate to move our Sierra System front-end to a web architecture. Using Tarantella, the solution was completed in ten weeks. This enabled us rapidly to re-deploy that resource on core development."

"Typically our customers would be required to install Sierra System's distributed application environment across multiple trading locations which involved sophisticated and costly IT support and data maintenance. Sierra ASP eliminates the costs associated with traditional distributed enterprise solutions – and greatly extends our reach, enabling a whole new range of regional, more specialized financial institutions to have access to the full range of Sierra System's functionality."

Absolute Security Required

• High human capital and experience invested in the production of their software
• Very interactive, graphic data from a variety of sources written in a UNIX^® environment
• High-level performance required in an Internet environment
• Complex replication of databases – Sierra runs on a single database architecture across a broad number of asset classes that traders use – this level of integration had to be maintained
• Absolute security is expected or it does not make it through the door
• Ten man-year rewrite
• An aggressive strategy to go to market without a rewrite

“Our aim was to offer clients a solution that was sized to meet their needs, priced according to their budgets, and designed to evolve with their organization’s technology directives.”

David Boldon, head of global sales, FNX

Security in a Wed Environment

• Complete front-to-back, multi-user solution for managing complex trading information
• Tarantella enabled front end for private WAN users.
• ASP solution for the mid-tier customers
• Single point of entry and LDAP integration
• The application appears to be on the user’s PC, which means the user can take control of printers and local reporting tasks

“Tarantella^® Enterprise 3™ enabled us to combine all of the necessary security technologies within a web environment.”

Randy Warren, CTO, FNX

One Solution, Multiple Benefits

• Rapid growth
• Increased revenues
• Increased profitability
• Usability – solution outperforms all other players by end-user perception in a real world situation
• High scalability and security
• Simple to set up and use
• Customers want the new technologies, but do not want to be the first users – FNX is deploying a piece of technology that has been running for years

“Tarantella Enterprise 3 was as much as four times faster than some other products we tested, and twice as fast as its closest competitor.”

Randy Warren

Win new customers, quickly increase revenues and increase profitability using Tarantella software.

The Challenge

Redeploy Sierra System software without installing its distributed application environment across multiple trading locations in order to eliminate the costs associated with traditional distributed enterprise solutions.

The Solution

With Tarantella technology, FNX was able to offer Sierra System as a hosted, ASP solution to approach new markets, win new customers, quickly increase revenues and increase profitability.

The Benefits

— Rapid growth

— Increased revenues

— High scalability and security

Customer Testimonial

"We can now offer real-time, scalable technology to the smaller guys, so they can trade like champions."

— Radford Laney, Product Manager, Sierra ASP