How Does Cincom Smalltalk Help JPMorgan Consistently Beat Their Competition?
Using Cincom VisualWorks to develop Kapital, JPMorgan met the challenge of finding a development environment that deals with the complexity of its derivative products, delivers unparalleled productivity to stay ahead of the competition and offers the scalability to support extremely high trading volumes.
JPMorgan Chase is a leading financial services firm serving capital markets throughout the world. With assets of $2.45 trillion and a component of the Dow Jones Industrial Average, capabilities include investment banking, research, private equities, investment management, private banking and treasury and security services.
Using Cincom Smalltalk, JPMorgan developed Kapital, the world’s most advanced financial risk management and pricing system that supports Interest Rate Hybrids and Credit Hybrids trades. It empowers hybrid derivative businesses to trade large volumes of highly complex financial instruments with ease and simplicity.
JPMorgan chose Cincom VisualWorks over other mainstream development languages, including Java.
“A key factor that has justified using Cincom Smalltalk, above and beyond the technical capabilities that it offers, is the productivity that it has delivered. … We have estimated that if we had built Kapital in another language, such as Java, we would require at least three times the amount of resources to develop and maintain the application.”
Using Cincom VisualWorks to develop Kapital, JPMorgan met the challenge of finding a development environment that deals with the complexity of its derivative products, delivers unparalleled productivity to stay ahead of the competition and offers the scalability to support extremely high trading volumes.
- Read more about how Cincom Smalltalk helps JPMorgan beat its competition here.