ABN AMRO aggregates vast amounts of unstructured and structured trade data into one central operational trade store. With a consistent, transparent record of every order and trade event, the financial group complies with internal and external reporting requirements in a fast and flexible manner, today and tomorrow.
We need the ability to respond quickly to changing regulatory requirements. We chose MarkLogic because trade data is notoriously difficult to handle in relational databases. We found the breadth of MarkLogic’s multi-model database and associated features, such as security and ACID transactions, to be compelling.
Principal Architect for Capital Markets Solutions, ABN Amro Bank N.V.
Regulators increasingly want banks to be able to reconstruct trades and retrace data lineage. By building its trade store on MarkLogic, ABN AMRO can more easily comply with existing and forthcoming financial regulations. It now also has a fully-integrated, consolidated view of data to provide a single source of truth for reporting. Additionally, MarkLogic’s Bitemporal capability will allow ABN AMRO to minimize risk through “tech time travel” — timestamping and rewinding trades.
With a consistent, transparent record of every order and trade event, ABN AMRO is able to comply with internal and external reporting requirements in a fast and flexible manner.
By searching and analyzing all of its trade data in new ways, ABN AMRO can see future benefits such as discovering trends in how trading occurs.
In order to meet internal expectations and external requirements like MiFID II, ABN AMRO had aggressive deadlines. With MarkLogic’s help, the organization beat those deadlines.