Credit Market Analysis (CMA) develops technology that provides credit market pricing data to support investment professionals in the OTC (over-the-counter) credit market. The company’s applications enable traders to view, organize and store quotes they receive from trading counterparties, and it provides a new methodology for price verification, enabling organizations to have a true market view and more accurately evaluate their end-of-day positions. CMA’s software is used by the vast majority of the world’s top investment banks, and hence the company must continue to offer high-quality products to maintain this competitive edge.
Challenge: As CMA evolved into a market-leading provider of enterprise software, the company had to mature its development process. CMA has multiple deployment strategies which include local deployments and an application service provider environment, depending on the needs of CMA’s varied client base. Clients range from small hedge funds to international investment banks. Unfortunately, CMA’s original code was not flexible enough to facilitate this strategy.“The problem was that there was no easy way for us to configure the application to work in different deployment environments,” recalls Mike Krolnik, CTO, CMA. “So we were put in the position of releasing a bespoke package each time we encountered a differing environment. Consequently, it took a lot of time and effort to go through testing and upgrading for all the new releases.” Click here to read more…
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