JP Morgan in London recently used PowerBuilder to implement an XML interface
between a Web-based bond trading system and one of their back-office systems.
This is the first of two articles that describe how this system was
developed.
Some Background
Trading bonds in Europe was a very old-fashioned process involving many
manual processes and disparate systems. When a dealer wanted to purchase a
bond they would contact a bank, such as JP Morgan, by telephone or fax. The
details of the trade would be written down and then entered into a
back-office system. The dealers, banks, and clearinghouses all had computer
systems but little information was communicated electronically. The same deal
might be entered into three different systems before it was settled.
The major players in the European bond market (JP Morgan, Deutsche Bank, and
Citibank) invited a British software h... (more)
This is the second of two articles describing how JP Morgan in London
developed an XML interface between a Web-based bond trading system and one of
its back-office systems. Part 1 (Vol. 8, issue 8) focused on parsing the XML
file; Part 2 shows how to write an NT service in PowerBuilder.
Why Use an NT Service?
JP Morgan's XML interface has to perform three core functions: Process
incoming XML messages. Watch for state changes in the database. Process
outgoing XML messages. These tasks had to be performed 24/7, without human
intervention, in a secure and reliable manner. The ideal s... (more)
This is the second of two articles describing how JP Morgan in London
developed an XML interface between a Web-based bond trading system and one of
its back-office systems. Part 1 (Vol. 8, issue 8) focused on parsing the XML
file; Part 2 shows how to write an NT service in PowerBuilder.
Why Use an NT Service?
JP Morgan's XML interface has to perform three core functions: Process
incoming XML messages. Watch for state changes in the database. Process
outgoing XML messages. These tasks had to be performed 24/7, without human
intervention, in a secure and reliable manner. The ideal s... (more)
JP Morgan in London recently used PowerBuilder to implement an XML interface
between a Web-based bond trading system and one of their back-office systems.
This is the first of two articles that describe how this system was
developed.
Some Background
Trading bonds in Europe was a very old-fashioned process involving many
manual processes and disparate systems. When a dealer wanted to purchase a
bond they would contact a bank, such as JP Morgan, by telephone or fax. The
details of the trade would be written down and then entered into a
back-office system. The dealers, banks, and c... (more)
Paul Donohue has 15 years' experience as a solution provider. He has worked with PowerBuilder since version 2 and is a Certified PowerBuilder Developer.
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Terence Martin Breslin
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Joe Zeto
