Hudson Fintech, the London-based technology firm, announced the launch of its front office technology platform for sell-side and buy-side institutions trading in the repo markets. The software captures and displays trade and market data, provides position blotters and real-time analytics, and supports end-to-end workflow processes.
Hudson was established to resolve the issues faced by financial institutions (FIs) operating in the repo and securities finance market, namely the requirement for increased regulatory reporting and transparency, improved risk management processes, and balance sheet constraints.
The technology platform uses system architecture for which components have only a small number of interdependencies and code that is designed to be extensively re-used, and the software adapts to changes in the regulatory landscape such as SFTR (Securities Financing Transactions Regulation). Its core tech is based on an advanced system architecture, known as Entity-Component-System (ECS), used in video game technology.
ECS architecture works with a data model where all objects become individual entities to which arbitrary data can be added or removed at runtime. Business logic is implemented in the form of “unique behaviors” that operate on combinations of attached data components. This new style of data model resolves legacy issues, where traditional ‘hierarchical’ systems are interdependent on other components of the system.
With less interdependencies Hudson’s platform is designed to be flexible in the event of a regulatory or technological change to the business, faster to develop, and ultimately less expensive. Code is extensively re-used with continuous automated testing, meaning that less time is spent on manual regression testing.