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Features of a Good Operational Intelligence Solution
Business Activity Dashboard – Display results in a dashboard so key performance indicators (KPIs) and easy-to-understand visualizations can be displayed in real-time
Complex Data Processing – Relate and aggregate discrete information from many data sources in the underlying systems, understanding the relationships they form
Business Intelligence – Analyze, query and drill into data visualizations and, at the same time, dynamically repurpose and re-aggregate the data among different pivot points
Business Process – Be “aware” of the steps in a business process so end users can observe the complete trade lifecycle, from the time an order has been entered to the final state of execution
Enterprise Integration – Reach out and capture any kind of source data from anywhere in the IT infrastructure, in any format
Cross Domain Data Mashup – Model the trading environment from any perspective that represents the “business” and relate all of this information to assemble a complete understanding of what it takes to “run” the business
With InetSoft, businesses gain a new kind of actionable business intelligence and insight. InetSoft leverages the best capabilities from key technologies and brings them together for an operational intelligence solution. InetSoft delivers analytics, visual metrics, analysis of key performance indicators and the ability to take automated actions – all within a dynamic and customizable end user interface.
The “Power” of InetSoft
InetSoft allows you to easily collect and model data from any source and from any system. In the InetSoft development environment, you easily define the sources of trade execution data and create data relationships in a simple “point and click” development framework. After building data relationships, you then add business conditions using a wealth of built-in analytical functions to construct aggregated metrics.
After connecting to the data sources the Data Mashup Engine collects data incrementally from the data sources to be stored inthe Data Grid Cache. The Data Mashup Engine also performs the aggregations based on the mashup definitions, computes the metrics, and feeds it into the Data Grid Cache which is immediately makes the metrics available to the Visualization Engine.
The Visualization Engine controls the entitlements for the end users and the visualization of the metrics to the various stakeholder dashboards. It also controls the “automated actions” that are transmited to the underlying source infrastructure.
How the Head of Clearing and Settlements Uses Operational Intelligence Dashboards
The Head of Clearing and Settlements in a capital markets firm relies heavily on Operational Intelligence Dashboards to ensure seamless transaction processing. These dashboards provide a real-time view of the clearing and settlement processes, tracking trade status from initiation to completion. By consolidating data from multiple systems and displaying it in an intuitive format, the dashboards allow the head of clearing and settlements to monitor key metrics, such as settlement rates, trade exceptions, and operational bottlenecks. With this visibility, they can immediately identify and address issues that could delay or disrupt the process, ensuring regulatory compliance and client satisfaction.
One of the critical uses of these dashboards is in monitoring trade exceptions. When a transaction encounters issues, such as mismatched details or insufficient funds, it is flagged as an exception. Dashboards provide detailed insights into the nature and location of these exceptions, helping the Head of Clearing and Settlements prioritize and allocate resources for resolution. Advanced analytics integrated into the dashboard can even highlight patterns in exceptions, suggesting root causes such as recurring errors in counterparties or specific instruments. This data-driven approach enables the leader to implement systemic fixes, reducing the frequency and impact of exceptions over time.
Dashboards also assist in optimizing settlement efficiency by tracking key performance indicators (KPIs) such as settlement cycle times, failed trades, and intraday liquidity usage. The head of clearing and settlements can use this data to assess operational performance against industry benchmarks and internal targets. By drilling into specific data points, they can uncover inefficiencies in workflows or areas where automation could streamline processes. Furthermore, these dashboards often integrate predictive analytics to forecast settlement outcomes based on current trends, allowing proactive interventions to ensure smooth operations.
In addition to operational insights, dashboards are invaluable for risk management. Clearing and settlement activities involve inherent risks, such as counterparty defaults or market volatility. Dashboards provide a consolidated view of risk exposures, including collateral positions, margin requirements, and outstanding obligations. Real-time alerts can notify the Head of Clearing and Settlements about potential breaches or anomalies, enabling rapid responses to mitigate risks. By combining operational and risk data, the dashboards ensure that the team balances efficiency with robust risk controls.
The dashboards also play a critical role in regulatory compliance. Clearing and settlement functions are subject to stringent regulatory standards, requiring detailed reporting and audit trails. Operational intelligence dashboards streamline this process by aggregating and categorizing data needed for regulatory submissions. They can automate compliance checks, flagging transactions or processes that fall outside of permissible parameters. This not only ensures compliance but also reduces the administrative burden on the clearing and settlement team, freeing them to focus on more strategic activities.
Finally, the Head of Clearing and Settlements can leverage dashboards for stakeholder communication and reporting. Whether presenting to internal executives, clients, or regulators, dashboards provide clear, visual representations of operational performance, risks, and compliance status. Interactive features allow the head of clearing and settlements to customize views for different audiences, tailoring the presentation of complex data to their needs. This transparency fosters trust among stakeholders and reinforces the organization's reputation for operational excellence in the capital markets.