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Investment firm manages business rules with open source

o John Mark V. Tuazon
19.02.2010 kl 20:50 |

Aiming to improve the flexibility of its compliance system to improve user efficiency and reduce mounting system queries, investment company Millennium Global Investments (MGI) recently deployed JBoss Enterprise BRMS (Business Rules Management System), an open-source business rules solution developed by Red Hat, Inc.

 

Aiming to improve the flexibility of its compliance system to improve user efficiency and reduce mounting system queries, investment company Millennium Global Investments (MGI) recently deployed JBoss Enterprise BRMS (Business Rules Management System), an open-source business rules solution developed by Red Hat, Inc.

JBoss Enterprise BRMS enables business policy rules and development, access, and management by streamlining processes to reduce the time it takes to develop and update applications and processes with new business rules and policies.

"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, IT & Systems Development, 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."

The distinguishing feature of the JBoss Enterprise BRMS lies in its transparency, allowing users to access detailed information about why certain rules may prevent trading, eliminating constant queries to the firm's management and aids the company's risk management strategies.

"We are delighted with the positive feedback from MGI on its deployment of JBoss Enterprise BRMS. We are seeing further momentum of JBoss Enterprise BRMS as the enterprise continues to drive innovation through open source middleware," said Pierre Fricke, Director, SOA Products, Red Hat. "Automating business decisions with JBoss Enterprise BRMS can help a business run faster and enable business process stakeholders to rapidly implement change. This is the kind of agility that enterprise deployments demand in today's marketplace."

Keywords: Software  
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