AdroitLogic, the company that allows enterprises to connect applications, systems and partners with high performance capabilities, announced the publication of a case study describing utilization of its Enterprise Service Bus (ESB) UltraESB by Singapore Exchange Limited (SGX) for reporting over-the-counter (OTC) commodities and products to the U.S. Commodity Futures Trading Commission (CFTC).
“The ESB dashboard is user friendly and allows us to manage the report delivery in a convenient way. We are very happy with the swift and proficient customer support offered by AdroitLogic throughout our engagement,” stated Lim Su See, Assistant Vice President of Derivatives Clearing and Risk at SGX.
SGX is Asia’s most international stock exchange which, together with its affiliates, offers a fully integrated value chain from trading and clearing to settlement and depository services. Being Asia’s leading counterparty for the clearing of financial and commodity products, SGX serves customers through multiple international establishments. SGX also holds membership of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.
SGX is obliged, under Part 39 and Part 45 regulations, to report Members Positions, Margins and Cash Flow to CFTC, and Swap trade data to the recognized Swap Data Repository (SDR) via the Depository Trust & Clearing Corporation (DTCC). Additionally, daily member account balances and securities are reported to the CME Group Inc.
Under Part 39, UltraESB integrates data from a MSSQL database and an internal SFTP server, to generate eight daily CSV reports. Under Part 45, data from MSSQL and messages from AMQP-based queues are transformed into four types of FpML reports. CME integrates data from MSSQL and another SFTP server into two CSV reports. All reports are delivered to respective parties via SFTP.
In addition to introducing architectural flexibility, the solution facilitates message flow monitoring, auditing, and configurable retry capabilities for report generation and distribution, via a dedicated management console.