21 January 2010 News

 

Millennium Global Investments standardises on JBoss enterprise middleware

Millennium Global Investments, a specialist in developing and managing alternative investment products has selected the JBoss Enterprise Business Rules Management System for its business rules repository.

MGI has said that it wanted to improve the flexibility of its compliance system so that its business and trade rules could be revised and adjusted within a managed environment. MGI selected JBoss Enterprise BRMS to bring business rules into a managed environment, standardise business rules and support the scalability of the business.

The repository enables business users to gain access to detailed information about why certain rules may prevent trading. This access can improve business users' efficiency and reduce the number of queries sent to MGI's IT organisation. The transparent business rules repository is also an essential part of MGI's risk management strategy

"Red Hat's flexible subscription terms for JBoss Enterprise Middleware allowed us to deploy only the components needed for the new platform and to avoid vendor lock-in. Unlike other vendors, Red Hat offers the ability to support other applications of the rules engine, be it market signal monitoring or algorithmic trading," said Richard Macaskill, managing director for IT and systems development at MGI. "We were very pleased with the level of support Red Hat provided during the new business rules repository's development.  We are extremely satisfied to have deployed an integrated business rules platform that has improved our efficiency and ability to manage risk."