
Menerva Software
An ISO 27001 Certified Company

Automating Algorithms For Block Trades Improving Accuracy And Productivity
Client
An investment advisory firm with AUM of $140 million
Business Challenge
Our client, a registered investment advisory firm with assets under management of $140 million wanted to eliminate the manual processing of block trades which was:
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Cumbersome and prone to errors due to the manual sifting of multiple spreadsheets.
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A productivity sink, due to the fact that these trades had to be done one account at a time. Since they had proprietary algorithms that used both external market data as well as internal client sensitive data, none of the existing re-balancing software in the industry could do exactly what they needed done.
Solution
Menerva developed a rebalancing software solution that implemented:
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A single view of the data to be used for processing
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The client’s proprietary algorithms using Python along with its data processing libraries for the functional logic and Apache Spark to scale the data engineering processes
Impact
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Productivity of block trade functions which normally took anywhere from 8 to 24 hours dropped to under 30 minutes
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Client could be confident that the trades were being executed accurately as the manual dependencies were eliminated

97%
Productivity Improvement
From an average of 16hrs to 30 mins
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100%
Accuracy Improvement
Eliminated human errors