Mortgage Backed Security Traders Pricing Dashboard

Business Objective

A large financial institution desired to diversify and enter the marketplace for selling mortgage-backed securities on the secondary market. To sell efficiently and profitability, their in-house traders needed an application that could provide a real-time estimate of the sales price of a given security at any time during the trading day.

Solution

eSage Group worked with our client’s New York trading team to design and implement a set of Java based proprietary pricing algorithms that utilized real-time market information from multiple data services to update a set of target prices on a dashboard.

Results

The application needed to be extremely fast, simple to use and meet an aggressive timeframe for implementation. eSage Group delivered a production traders pricing dashboard to the trading floor on time and with the real-time performance and accuracy that the team required.

Deliverables

  • Design and development of proprietary mortgage pricing algorithms
  • Production maintenance and support of deployed system