Credit Suisse First Boston (CSFB) has signed a multi-year agreement to use the BEA WebLogic e-business platform on which to build a new suite of online applications.
The initial applications will include an interactive research tool for institutional investors, a Web-based clearinghouse for fixed-income bond and derivative trading, and a customer-management system for CSFB's marketing and sales professionals, says the bank.
G.T. Sweeney, chief technology officer at CSFB, says: "We evaluated BEA WebLogic, and several other application platforms, and we found WebLogic to be an ideal environment for our needs. We believe it will help us bring innovative products to our clients faster and more cost-effectively."
Details of the new technology projects underway at CSFB are scant. The interactive research tool will have the capacity to maintain all time-series data for thousands of securities. This includes daily and intra-day trading prices on a rolling 52-week basis. The fixed-income trading clearinghouse is billed as a messaging system with the flexibility to communicate with a broad range of database systems while maintaining absolute data integrity.
"Accelerated time to market is crucial in our industry," says Jamie Jones, vice president, global Web services at CSFB. "BEA has done most of the 'heavy lifting,' allowing our application development teams to focus on their business requirements."
CSFB recently revealed plans to move its global order routing architecture to the BladeFrame range of Linux servers supplied by US-based Engenera.