Hand holding, Training and Coaching
Partner : Bank Of America
Website : https://www.bankofamerica.com/
Technologies Used : Scala, Akka
Domain : Finance
Bank of America Merrill Lynch provides leading liquidity, pricing and execution to more than 3,000 institutional investors and 10,000 issuer clients across the equity, fixed income, derivatives, interest rate, foreign exchange and commodities markets.
The Global Markets group originates, sells and trades financial assets through established trading hubs, exchange memberships and primary dealerships in all the major financial markets across the Asia Pacific region.
BAML was heading towards an ambitious goal of improving the performance and stability of their derivatives platform which involved huge amount of transactions to the booths and depots. With extreme growth on the horizon, BAML needed to re-train and motivate the existing developers to reconstruct major portions of the system on Scala. With their existing Scala development team a fraction of the size they needed, BAML needed a plan of attack.
Knoldus worked with BAML Singapore and India for rapidly growing the Scala expertise. The Architects and Engineers from Knoldus worked hand in hand with the development team of BAML to train the existing engineers on Scala and to get them started with development. The handholding and coaching included architecture planning and designing with the team to use best practices of Scala Ecosystem. Knoldus now audits the system every few sprints to make sure that the best practices are being adhered to.
With Knoldus engineers working side by side with the in house development team, BoA was able to realize benefits by getting started on a strong footing. The training and coaching enabled the team to become conversant with the best practices and they confidently built the system with knowledge about the Scala Ecosystem.
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