Software AG Case Studies Tel Aviv Stock Exchange takes control of risks

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	Tel Aviv Stock Exchange takes control of risks Software AG

Tel Aviv Stock Exchange takes control of risks

Software AG

Technology Category	Application Infrastructure & Middleware - API Integration & Management Infrastructure as a Service (IaaS) - Cloud Computing
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Process Control & Optimization Regulatory Compliance Monitoring
Services	System Integration Training
Challenge	The Tel Aviv Stock Exchange (TASE) was facing the challenge of staying at the forefront of technology to reduce risk, improve capabilities, and achieve non-stop operations. They needed to retain knowledge and critical Natural application development of 20-30 years on back-end systems and implement DevOps to give developers more speed and agility. TASE needed to be able to offer digital services on par with new FinTech firms, while adhering to local and global regulations. It also needed to provide services that compete with the larger first-tier exchanges like Nasdaq®, LSE and NYSE. Its first project was to move its clearing and settlement system based on Adabas & Natural to Linux, where its trading system resides. Read More
About Customer	The Tel Aviv Stock Exchange (TASE) is the only exchange in Israel. It provides investors with a reliable and comprehensive trading platform for a wide range of securities and financial instruments including shares, bonds, Treasury bills, ETFs, options and futures for equity indices, options and futures of foreign currency exchange rates. TASE competes for market share with digital-first fintech firms as well as some of the biggest, most powerful exchanges in the world. As Israel is the second-largest home of high-tech startups (next to Silicon Valley), TASE also must compete for IPOs. Read More
Solution	With the help of Software AG, TASE seamlessly rehosted more than 10,000 Natural programs and Adabas databases that processed more than 300,000 clearing and settlement transactions per day from its legacy environment to Linux. This move reduced costs and minimized risks while keeping the advantages of its tailor-made, mission-critical applications and back-end data. For the next phase, TASE wanted to bring all its programmers together under one DevOps-based architecture. Software AG’s Eclipse-based development environment, NaturalONE, integrated easily with the DevOps environment already being used by TASE’s Java®, C++ and Python® programmers. Now development of new applications and enhancements to existing applications is guided by the same DevOps standards and procedures regardless of programming language or models. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - API Integration & Management

Infrastructure as a Service (IaaS) - Cloud Computing

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Process Control & Optimization

Regulatory Compliance Monitoring

Services

System Integration

Training

Challenge

The Tel Aviv Stock Exchange (TASE) was facing the challenge of staying at the forefront of technology to reduce risk, improve capabilities, and achieve non-stop operations. They needed to retain knowledge and critical Natural application development of 20-30 years on back-end systems and implement DevOps to give developers more speed and agility. TASE needed to be able to offer digital services on par with new FinTech firms, while adhering to local and global regulations. It also needed to provide services that compete with the larger first-tier exchanges like Nasdaq®, LSE and NYSE. Its first project was to move its clearing and settlement system based on Adabas & Natural to Linux, where its trading system resides.

About Customer

The Tel Aviv Stock Exchange (TASE) is the only exchange in Israel. It provides investors with a reliable and comprehensive trading platform for a wide range of securities and financial instruments including shares, bonds, Treasury bills, ETFs, options and futures for equity indices, options and futures of foreign currency exchange rates. TASE competes for market share with digital-first fintech firms as well as some of the biggest, most powerful exchanges in the world. As Israel is the second-largest home of high-tech startups (next to Silicon Valley), TASE also must compete for IPOs.

Solution

With the help of Software AG, TASE seamlessly rehosted more than 10,000 Natural programs and Adabas databases that processed more than 300,000 clearing and settlement transactions per day from its legacy environment to Linux. This move reduced costs and minimized risks while keeping the advantages of its tailor-made, mission-critical applications and back-end data. For the next phase, TASE wanted to bring all its programmers together under one DevOps-based architecture. Software AG’s Eclipse-based development environment, NaturalONE, integrated easily with the DevOps environment already being used by TASE’s Java®, C++ and Python® programmers. Now development of new applications and enhancements to existing applications is guided by the same DevOps standards and procedures regardless of programming language or models.

Impact #1	Improved version management means it requires less effort for programmers, with more control of changes and quicker, more agile development.
Impact #2	Developers can now use the Git repository-based version control system and allow merging of duplicate changes if several developers work on the same source code.
Impact #3	The new development architecture brought all of TASE’s development teams together. From clearing to derivatives, the various specialty teams and business stakeholders now all know each other, are working together and understand the importance of what each team—and the exchange—is doing.

Impact #1

Improved version management means it requires less effort for programmers, with more control of changes and quicker, more agile development.

Impact #2

Developers can now use the Git repository-based version control system and allow merging of duplicate changes if several developers work on the same source code.

Impact #3

The new development architecture brought all of TASE’s development teams together. From clearing to derivatives, the various specialty teams and business stakeholders now all know each other, are working together and understand the importance of what each team—and the exchange—is doing.

Benefit #1	Reduced costs
Benefit #2	Minimized risks
Benefit #3	More developers can work with trading system platform

Benefit #1

Reduced costs

Benefit #2

Minimized risks

Benefit #3

More developers can work with trading system platform

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Overview

Tel Aviv Stock Exchange takes control of risks

Operational Impact

Quantitative Benefit