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C9560-568 - IBM Tivoli Composite Application Manager for Application Diagnostics V7.1 - BrainDump Information

Vendor Name : IBM
Exam Code : C9560-568
Exam Name : IBM Tivoli Composite Application Manager for Application Diagnostics V7.1
Questions and Answers : 112 Q & A
Updated On : October 22, 2018
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C9560-568 exam Dumps Source : IBM Tivoli Composite Application Manager for Application Diagnostics V7.1

Test Code : C9560-568
Test Name : IBM Tivoli Composite Application Manager for Application Diagnostics V7.1
Vendor Name : IBM
Q&A : 112 Real Questions

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IBM IBM Tivoli Composite Application

IBM Brings Tivoli Monitoring application to the Cloud | killexams.com Real Questions and Pass4sure dumps

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IBM Shares Plans for new tools to support Tivoli gadget z administration application | killexams.com Real Questions and Pass4sure dumps

ARMONK, ny - 28 Nov 2007: IBM (NYSE: IBM) these days introduced new administration and safety elements to help purchasers exploit the market-main capabilities of system z to enhance productiveness and assist for brand spanking new company strategies.

The improvements, introduced at the 2007 Governance & chance management Summit in Sanya, China, construct upon IBM's strong commitment to carry safety and business resilience via its IBM Mainframe z/OS in addition to prior to now announced choices.

"these days we're strengthening gadget z administration with greater tools and an intuitive, easy to use interface for the most demanding computing environments," referred to John Kogel, VP of Tivoli building. "Tivoli application operates as the 'brains' in the back of the mainframe. We're assisting valued clientele with efficiency and functions administration, system and workload automation, network and storage management, monetary and usage reporting and security administration."

IBM is the market income leader in performance and availability management software for 2006, in keeping with the analyst company IDC. In its August 2007 file, "global efficiency and Availability management software 2006 supplier Shares," (IDC document #208193), IDC referred to how IBM led in market share for efficiency and availability administration utility in addition to experience automation utility.

As an extension of IBM's $one hundred million Mainframe Simplification funding introduced in 2006, the new application portfolio helps gadget z consumers manipulate more and more complicated and inter-elegant purposes. through open necessities, the Tivoli enhancements deliver new degrees of productiveness whereas safeguarding the protection of their information. New capabilities akin to Tivoli OMEGAMON XE for CICS Transaction Gateway and Tivoli Composite application supervisor for SOA allow valued clientele to roll out new enterprise applications hastily.

IBM additionally these days unveiled enhancements to its Rational software portfolio to help equipment z consumers shorten deployment cycles and aid builders with distinctive technical backgrounds to collectively create greater-cost technology options.

Tivoli OMEGAMON XE for CICS Transaction Gateway helps purchasers proactively manipulate vital workloads and supplies. here is notably important as greater agencies count on composite functions that access mainframe substances. And, as more groups move to a versatile SOA computing infrastructure, Tivoli Composite software supervisor for SOA will support consumers get probably the most from their composite applications.

during the end of this yr, IBM Tivoli plans to replace its finished portfolio of equipment z solutions, together with:

o Enhancements to Tivoli's infrastructure administration options corresponding to OMEGAMON XE on z/OS for superior problem decision and evaluation, and OMEGAMON XE for DB2 performance skilled to manage the effectivity and efficiency of DB2 functions, and OMEGAMON XE on z/VM and Linux to control Linux workloads, identify, isolate, and get to the bottom of complications across z/VM and Linux and optimize the z/VM Linux environment; wide true-time administration and reporting features for both the OMEGAMON classic 3270 person interface and the Tivoli business Portal (TEP) and also Day 1 guide and exploitation of new features for IBM's most important mainframe gadget and sub- system new releases;

o advancements in Tivoli's application, workload and availability administration solutions such as device Automation with computerized alert, escalation and tracking, and Tivoli Dynamic Workload broker to transform static IT infrastructures into dynamic, virtualized environments with the aid of dynamically routing workloads to the most appropriate accessible elements;

o improvements throughout Tivoli's community and storage administration options equivalent to NetView for z/OS pre-defined conditions, skilled information and elevated guide for IPv6, and OMEGAMON XE for Storage to control efficiency and availability of mainframe-attached storage together with DASD, tape devices, and the datasets that reside on them;

o Enhancements for Tivoli's carrier administration and monetary management solutions including utilization and Accounting supervisor to aid groups optimize and align business desires with IT spending, Tivoli decision aid for brand spanking new internet-based mostly reporting, and repair Request manager for visibility to performance metrics and repair stage Agreements in addition to a single carrier desk for each IT and corporate property;

o developments for Tivoli's security and compliance management options including distinct releases from the Tivoli zSecure portfolio, designed to help administer the mainframe safety server, monitor for threats, audit usage and configurations, and enforce coverage compliance. Administration, provisioning, and management items of the suite can greatly cut back administration time, effort and fees. Audit, monitoring and compliance application assist ease the burden of compliance audits, improve safety and incident coping with, and increase typical operational effectiveness. These are part of the Tivoli zSecure unlock 9 in December.

About IBM's 5-year March to Mainframe SimplificationAnnounced in October of 2006, IBM launched a pass-enterprise effort to make the IBM equipment z mainframe -- the world's most sophisticated company laptop -- more convenient to make use of for a enhanced variety of computer specialists by way of 2011. The goal of this 5-yr effort, in an effort to consist of an funding of about $a hundred million, is to enable know-how administrators and computing device programmers to greater quite simply application, manage and administer a mainframe device -- in addition to to more and more automate the development and deployment of applications for the mainframe environment. The initiative, involving a team of hardware and software specialists, leverages IBM's capabilities in automation and programs management.

For device z product guidance, seek advice from www.ibm.com/techniques/z

All suggestions released during this announcement represents IBM's current intent, is discipline to alternate or withdrawal, and represents simplest dreams and aims.

Contact(s) informationTim O'MalleyIBM Communications1-914-766-1273tomalley@us.ibm.com

Mylissa TsaiIBM Communications1-914-766-4294tsaim@us.ibm.com

related Thomas trade update Thomas For Industry

Apttus ambition undimmed as new owners decide on up CEO search | killexams.com Real Questions and Pass4sure dumps

David Murphy, Executive Chairman, ApttusDavid Murphy, Apttus

business quote-to-cash provider Apttus expects to have a brand new CEO before the year is out, following its takeover via deepest fairness group Thoma Bravo, which closed closing week. The company is at the moment run by way of govt Chairman and Thoma Bravo associate David Murphy, together with a triumvirate of senior managers. but a promoting from within isn't on the cards — the successful CEO candidate will undoubtedly be an outsider, says Murphy, who spoke to diginomica this week:

I in my opinion agree with a everlasting CEO and a more ordinary constitution with that government in vicinity is probably going to re-emerge. for the time being, it’s the four of us. In parallel the prior board had already all started a CEO search — we’ve taken that over and that should be ongoing. The timing of when that’s complete is dependent on exterior components …

From an interior viewpoint it’s no longer obtrusive to me there could be a successor internally but we haven't dominated that out.

Murphy is optimistic that the new CEO may be in region by Christmas, he says:

we can over the subsequent couple of months have a everlasting CEO in area. I’ll proceed on within the executive chairman position.

A center workplace chief

Apttus has been with no CEO due to the fact founding CEO Kirk Krappe left the company in July. Murphy declines to tricky on the factors for the unexpected exit however his ambition for the company incorporates on where Krappe left off:

Kirk contributed a large amount to what the business is nowadays and we’ve been focused on bringing in and adding to the management to take that forward.

He says the business continues to see itself as a possible leader of what it terms the core office — the cluster of performance corresponding to earnings order administration, contract administration and billing that lies between entrance-office CRM and again-office ERP systems:

We’re not changing the agenda, we adore the thought of building a dominant chief out in the core office, we think there is a crucial opportunity available.

That chance has already driven the business’s revenues above $250 million, Murphy tells me, and the priority now could be to proceed building out its “knowledgeable operational excellence” and foreign boom advantage:

We see this as a chance to basically accelerate the build-out of the company … we are decent at helping to construct the operational scaling into these sorts of company and take the time to be a great deal more world.

Continuity after trade

Alongside of that, Murphy acknowledges the magnitude of emphasizing continuity after a change of ownership. He’s hence placing a precedence on getting out a powerful message concerning the business’s desires, both externally and internally.

middle workplace has not been historically that smartly established and understood. one of the crucial crucial components I’ve discovered secret is the articulation via us, as the new owners, of our beliefs around that and a true attention of that type of management.

shoppers and prospects want affirmation that we are eager about staying invested within the mission of the company.

however it’s more critical internally. As an executive coming in, I tend to spend lots of time overcommunicating, building a bridge from the place the business became and our agenda in taking the enterprise forward. building self assurance within the internal team is job number 1.

There are no plans to merge Apttus with some other of the 26 agencies in the Thoma Bravo portfolio, he says, several of which might be already longstanding Apttus customers. There may well be opportunities to share skills in the box of AI, but that will be up to Apttus and its friends:

a number of groups are doing issues in augmented intelligence and AI. whereas we won’t ever force these kinds of partnership to adapt, there’s some crucial capabilities Apttus will be in a position seize insights from and be a part of, in leveraging analytics from other ingredients of the portfolio.

SaaS and the Salesforce relationship

existing relationships with platform partners Salesforce, Microsoft and IBM will continue as before. The multi-cloud approach is some thing shoppers want, Murphy believes.

we're serving the business market from a consumer perspective and must observe the place these companies wish to make their investments. We should offer the company operations and infrastructure they would are looking to have their center workplace applications operating in.

on the equal time, the fashioned Salesforce relationship remains very crucial and Murphy sees the CRM massive as a key role model for Apttus as it continues its growth.

probably the most critical enviornment to continue to enhance is carrying on with to bring in the SaaS means of operating the business and providing customer success.Salesforce gave power returned to the end consumer in accordance with the SaaS mannequin and as a vendor you’ve obtained to be excellent at supplying price.

From an operational standpoint that’s crucial — to be extremely authentic if we’re going to serve mission-vital corporations and to be a partner with them.

but the enterprise may additionally take a further examine some of its relationships with methods integration companions, he hinted:

There are lots of diverse selections and there are some which are legacy choices themselves and would no longer advance the consumer success as quick as we wish or would want to. Who we work with is essential.

Murphy joined Thoma Bravo because of its acquisition of cybersecurity enterprise Blue Coat techniques, the place he become President and COO. Blue Coat became subsequently bought from Thoma Bravo with the aid of Symantec in 2016. last yr Thoma Bravo appointed him as period in-between CEO at portfolio business Qlik technologies right through its CEO search. prior to Blue Coat, he held senior roles at HP, Mercury Interactive, IBM Tivoli, Asera and McKinsey.

image credit - by the use of Apttus

Disclosure - Salesforce is a diginomica premier associate at time of writing.




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C9560-568 exam Dumps Source : IBM Tivoli Composite Application Manager for Application Diagnostics V7.1

Test Code : C9560-568
Test Name : IBM Tivoli Composite Application Manager for Application Diagnostics V7.1
Vendor Name : IBM
Q&A : 112 Real Questions

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IBM Tivoli Composite Application Manager for Application Diagnostics V7.1

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Software offers management capabilities for SOA. | killexams.com real questions and Pass4sure dumps

Press Release Summary:

IBM Tivoli® Composite Application Manager for SOA v6.0 provides management solution for customers deploying Service Oriented Architecture applications based on Web services. Software can discover, monitor, diagnose, and control Web services implemented using SOAP/HTTP, SOAP/JMS, and WebSphere® Application Server Service Integration Bus. Users can drill down from services to application components and IT resources within Tivoli Enterprise Portal to identify source of bottlenecks.

Original Press Release:

IBM Tivoli Composite Application Manager for SOA V6.0 Introduces Comprehensive Management Capabilities for Service Oriented Architecture

At a glanceKey features of IBM Tivoli Composite Application Manager for SOA V6.0 (ITCAM for SOA) include:Discovery, monitoring, diagnostics, and automated control of SOA servicesSupport for key SOA platforms including WebSphere Application Server, IBM WebSphere Process Server, IBM WebSphere Business Integration Server Foundation, Microsoft .NET, and BEA WebLogicSupport for services deployed using SOAP/HTTPs, SOAP/JMS, and the WebSphere Application Server Service Integration BusAbility to understand service relationshipsDrill down from services to application components and IT resources within the Tivoli Enterprise Portal to identify the source of bottlenecks or failures to simplify and speed up problem identification and resolution timeThe Tivoli Enterprise Portal provides a common user interface for ITCAM, OMEGAMON, and ITM products with personalized workspaces and expert advice resulting in ease of use and reduced learning time

For ordering, contact:Your IBM representative, an IBM Business Partner, or IBM Americas Call Centers at 800-IBM-CALL (Reference: YE001).

OverviewCustomers implementing service-oriented architectures and Web services need a management solution that treats services as first-class resources to help ensure their key business applications are effectively governed and are meeting service levels.

IBM Tivoli® Composite Application Manager for SOA V6.0 (ITCAM for SOA) is designed to deliver a comprehensive management solution for customers deploying Service Oriented Architecture (SOA) applications based on Web services. For supported environments, ITCAM for SOA 6.0 can discover, monitor, diagnose, and control Web Services implemented using SOAP/HTTP, SOAP/JMS, and the WebSphere® Application Server Service Integration Bus.

ITCAM for SOA is designed to provide a management solution across the entire application life cycle for services architects, administrators, subject matter experts, operators, consultants, and others involved in the development, testing, deployment, and ongoing management of services-based systems.

ITCAM for SOA is equally suitable for a wide range of environments from small and medium to very large enterprises. Whether you are deploying standard Web services with Microsoft(TM) .NET or are building a heterogeneous Enterprise Service Bus with Web services and the latest IBM WebSphere technology, ITCAM for SOA can provide an affordable entry point with growth and scalability.

ITCAM for SOA users, who require additional IT Service Management functions, can obtain a fully integrated enterprise-class services management system by purchasing one or more products from the IBM Tivoli OMEGAMON® XE, IBM Tivoli Composite Application Manager, and IBM Tivoli Security families. Service views from ITCAM for SOA are displayed in the Tivoli Enterprise(TM) Portal, the same customizable portal used for SOA application and SOA infrastructure views from the IBM Tivoli Composite Application Manager and IBM Tivoli OMEGAMON XE families for speedy problem diagnosis and resolution.

Planned availability datesNovember 18, 2005: e-GA Passport Advantage® distributed componentsDecember 16, 2005: Physical media, all platformsFirst quarter 2006: IBM Tivoli Monitoring V6.1 and Linux(TM) support

Related Thomas Industry Update Thomas For Industry

Millennium Laboratories, Inc. Urges Medicare to Reconsider the 2010 Physician Reimbursement for Point-of-Care Urine Drug Screen Devices | killexams.com real questions and Pass4sure dumps

By PR Newswire

Article Rating:

July 27, 2010 07:00 AM EDT

Reads:

437

SAN DIEGO, July 27 /PRNewswire/ -- Millennium Laboratories, Inc., a national, research-based medication monitoring company specifically focused on clinicians who treat chronic pain, strongly advocated for an increase in physician reimbursement for point-of-care urine drug screening at the Annual Clinical Laboratory Public Meeting of the Centers for Medicare and Medicaid Services (CMS) on July 22, 2010. As the only therapeutic drug monitoring company presenting, Millennium was continuing its advocacy campaign, launched in June of 2009, supporting fair reimbursement for point-of-care (POC) urine drug screen devices.

James Slattery, Millennium Laboratories founder and CEO, explained the company's presence at the meeting. "We are advocating for a higher, though moderate, reimbursement level to physicians for performing drug screening tests. Millennium as a corporation has no financial stake in this argument. It is simply the right thing to do for all parties involved."

In 2009 CMS drastically cut reimbursement for point-of-care test (POCT) devices used in urine drug screening. Millennium Laboratories felt a responsibility to advocate on behalf of pain physicians, their patients and the public to preserve and safeguard reasonable reimbursement rates for clinicians performing drug screening to properly care for their patients and to meet increasingly stricter DEA enforcement.

Slattery asked the CMS on July 22nd to reconsider the reimbursements cuts, and he reaffirmed the company's position in previous Medicare meetings. Key points of his presentation included:

  • A reminder that President Obama's 2010 National Drug Control Strategy (Office of National Drug Control Policy) states, "Screening for substance use should become more broadly implemented in the healthcare system."
  • A study from Cornell University found that drug seeking patients were identified only 10% of the time, even after physicians were told that actors would be presenting to them as patients.(1)
  • Several states now have or are proposing laws that doctors must do a urine drug test (UDT) before a pain prescription for an opioid is written. The DEA says that they must prevent drug abuse and diversion. Medicare lowered the reimbursement rates for drug screening in 2009 to below physicians' cost, making it difficult to conduct the necessary drug testing.
  • Physicians have very few tools at their disposal for early detection of illicit drug use and drug diversion in patients. Limiting the physicians' reimbursement to levels three to four times below their cost, may lead to an increase in patient deaths, drug abuse, "doctor shopping" and drug diversion.
  • Prescription drug diversion and abuse cost public and private health insurers $72.5 billion per year, much of which is passed to consumers through higher health insurance premiums (2009 National Prescription Drug Threat Assessment - Drug Enforcement Agency). The White House Office of Management and Budget estimates that, including crime, loss of productivity and government anti-drug programs, the cost is $300 billion a year.

    Physicians in clinical practice agree. Dr. Weingarten, M.D., Comprehensive Pain Management Associates in New York, said, "All the clinical data and evidence is there that shows urine drug screening is an early drug abuse identifier and intervention technique that serves to protect patients' health and saves lives. UDT helps ensure appropriate treatment and medication use, reduces the risk of adverse events and, most important, optimizes therapeutic outcomes. It is a tool that not only helps and protects patients; it also helps to protect the public from the consequences and costs of crime associated with prescription drug abuse. Medicare must find a way to make drug testing feasible for physicians throughout the country and not make it cash negative for physicians to be able to fully take care of their patients and fully comply with state and DEA requirements."

    About Millennium Laboratories

    Millennium Laboratories is a national, research-based medication monitoring company whose test panels, technology, customer support, educational resources and experts are specifically focused on clinicians who treat chronic pain. The company has the only major Urine Drug Testing (UDT) laboratory exclusively utilizing the latest cutting-edge technology, Liquid Chromatography/Mass Spectrometry/Mass Spectrometry (LC-MS/MS). This allows Millennium to provide the fastest turn-around time in the industry for determining the presence and precise levels of drugs in a patient's urine, usually in one business day.

    Located in San Diego's life sciences cluster, Millennium offers pain management practitioners industry-leading test accuracy in conjunction with clinical decision support through its RADAR Hotline 12 hours every business day. Millennium is the only reference laboratory certified as a training facility for toxicology scientists and operates as a unique research component of the University of California, San Diego's (UCSD) doctoral program in Pharmacy. Millennium serves as an industry, government and payer educator and a compassionate advocate for chronic pain sufferers throughout the United States. The company is accredited by The Joint Commission, receiving the Gold Seal of Approval(TM) for healthcare quality and safety. For more information, visit the Millennium Laboratories website, www.becausepainmatters.com.

    Reference:

    1. Jung B, Reidenberg M. Physicians Being Deceived. Pain Medicine. 2007; 8(5): 433-437.

    SOURCE Millennium Laboratories

    Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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    BizTalk Server 2004 in an Investment Bank | killexams.com real questions and Pass4sure dumps

    This article describes recent work in a leading investment bank using Microsoft's BizTalk Server 2004 (BizTalk) as an integral component of a service-oriented architecture. I'll describe how BizTalk is used to implement lightweight workflow that builds new services from existing services and ties in tactical solutions to enable straight-through processing (STP) of service requests.

    I'll look at the architectural vision for a service-oriented architecture and how BizTalk fits into this architecture as one possible implementation technology. I will also outline the progress that has been made to date in creating the base services that will enable this vision to flourish within the bank.

    But first, some background on the unique IT requirements of investment banking.

    BackgroundInvestment banking has unique information technology requirements. The profits to be made from a competitive advantage often dwarf the IT costs in gaining that advantage. For example, a new derivative product that fits with the mood of the market can generate huge turn over - if it's brought to the market in a timely fashion.

    The natural consequence is that the business drives the IT more directly than in most other industries. Consequently, investment banks are often organized with IT functions aligned with business areas, i.e., an IT area supporting foreign exchange (FX) and an IT function supporting fixed income (FI), etc.

    The advantage of this organizational structure is obvious - the IT functions respond to the business requirements in a timely and focused fashion. But the disadvantage is equally obvious - the endless development of tactical solutions, the continual patching of out-of-date systems, and the growth of inter-system complexity.

    Of course, the banks recognize the drawbacks of their organizations and mitigate these problems by forming cross-functional IT areas with architecture boards at all levels. There is always a tension between the architectural desire for well-structured, loosely coupled strategic solutions and the business demand for functionality now. The architecture that offers most hope for squaring this particular circle is the service-oriented architecture (SOA).

    An international investment bank has to respond to different regulatory and best-practice requirements in each country in which it operates. Moreover, an international bank is often organized as a set of separate business entities divided on a regional or country basis. One of the challenges in implementing an SOA is enabling agility in the tailoring/enhancement of services to cope with the differing international requirements and local processes.

    This article discusses one of the architecture initiatives being driven by a leading investment bank; namely the "agile" service-oriented architecture. That is, an SOA that has rapid application development and enterprise application integration facilities, and facilitates straight-through processing with a capability to orchestrate disparate sub-services.

    An Agile Service-Oriented ArchitectureThe traditional SOA (traditions are quickly established in Internet time!) replaces conventional layered applications with processes that make use of services that span business areas. The SOA makes services available on a network using widely accepted standards (i.e., XML, WSDL, UDDI, etc.) and focuses on defining contracts for consuming and producing business documents. One common misconception is that SOA is synonymous with Web services, whereas Web services are one, albeit attractive, option for implementing an SOA.

    Many industries and investment banking in particular, have a need for a variation on the traditional SOA - the agile SOA. This can be thought of as a set of tools and implementation techniques for building an SOA that can quickly change to meet shifting business requirements and can handle lightweight workflow requirements in a heterogeneous enterprise environment.

    Consider the simple example of reference data within a bank. There are myriad sources of reference data that need to be cross referenced. For example, financial instruments can be identified in a variety of ways (e.g,. exchange ticker, ISIN code, Reuters RIC code). Many trading, quotation, or back-office reconciliation applications may well refer to the same financial instrument using different identifiers. These facts give a clear requirement for a reference data service that can map one identifier to another. Such a service would fit well into the scope of a traditional SOA.

    Now consider a more complex scenario where a number of business areas want to register new counter party (i.e., trading partner) details with the bank. Again, an obvious candidate for a service in the SOA but this time there are more complex factors to remember:

  • Checks of identity, address, etc. with reputable agencies
  • Credit checks
  • Fulfilling regional money laundering requirements
  • Data enrichment with credit ratings
  • The seemingly simple "Add Counter Party" service has become a complex, long-lived process that needs to correlate responses from sub-services (whether internal or external) and, in addition, may well need to interact with legacy systems.

    In the complex and rapidly changing world of investment banking, the requirement to be able to fulfill the straight-through processing (STP) demands of services, such as the "Add Counter Party" service, are commonplace. These processes are sometimes referred to as edge processes as they appear in myriad forms around the core of the bank's business.

    An implementation technology that can enable the creation of agile SOAs must not only have rapid application development (RAD) aspects, and orchestration technology for long-lived correlated processes, but must also enable enterprise application integration (EAI) to build services from existing infrastructure.

    A Framework ImplementationTo realize the promise of the agile SOA, the bank has been working on a framework in which to implement this architecture. The objective has been to create a secure, integrated, heterogeneous, and extensible framework that supports the aim of building an agile, service-oriented architecture.

    The framework can be thought of as consisting of three components:

  • Infrastructure: Enterprise-level diagnostics, security components, directory services, etc.
  • Orchestration technology: To enable long-running business processes that interact with legacy data sources and applications. This facilitates the incremental delivery of the SOA rather than an all-or-nothing approach - something that would be unacceptable to the lines of business.
  • Base services: E.g., a noteworthy business event logging service
  • Microsoft's BizTalk Server 2004 is the choice for the orchestration technology for the .NET platform. BizTalk provides excellent facilities for the orchestration of processes that integrate legacy enterprise application and data sources. Moreover, its message-based subscription mechanism enables sets of loosely coupled services to interact in an efficient and scalable way. Furthermore, BizTalk's RAD tools (e.g., the orchestration designer and message mapping tool) allow new services to be added to the SOA in a timely fashion.

    The infrastructure of the framework has been designed to provide a stable base for the development of services. Important components of the infrastructure are:

  • Security: The approach has been to leverage the emerging WS standards and to work closely with vendors to make sure that cross-platform Web service technology is a reality. In particular, the bank has developed standards and components that work with WS-Security and WS-Policy to enable end-to-end security of SOAP envelopes using a variety of authentication and encryption techniques: X509, Kerberos, etc. For the .NET platform, we use Microsoft's Web Services Enhancements to implement the Web service security stack and significant effort has been put into integrating this with BizTalk 2004.
  • Diagnostics: On the .NET platform, services make use of Microsoft's Enterprise Instrumentation application block. This provides a set of facilities for tracing requests through distributed systems and raising exceptions in a number of formats including Windows Management Instrumentation (WMI) events that can be monitored by Tivoli or similar systems.
  • UDDI: The bank is planning a global directory of the services that make up the SOA.
  • For the rest of this article I will briefly discuss two base services implemented in the framework: the business event logging service and the remote calculation service.

    Tamper-Proof LoggingAn investment bank works with a large number of counter parties and semi-autonomous business units. One of the attractions of a secure SOA is that it enables the business to interact with its complex web of partners in a more stream-lined fashion. An example of a service that promotes this sort of business activity is a tamper-proof logging service.

    The framework has an implementation of an event logging service that uses hashing and encryption algorithms to make the log tamper-proof. The service exposes a Web service interface and is hosted by BizTalk orchestration that not only logs the business event but also publishes the event as a BizTalk message. This enables subscribing orchestrations to be triggered by business events of interest to them (see Figure 1).

    As an example, consider the scenario where a bank client is using a bank-supplied application to obtain financial information. If the tamper-proof logging service exists, then both the sending and the receipt of the information can be recorded in the log. Each record will contain an encrypted hash of the message payload and the tamper-proof nature of the log guarantees that disputes can be settled with unambiguous information. Moreover, it would be possible to create an auditing service (written as a BizTalk orchestration) that subscribed to either or both of the send and receive events. In this way, BizTalk's efficient messaging subscription design allows services to be loosely coupled with each other.

    It is easy to see that when a service such as tamper-proof logging exists within the bank, it can quickly become a component of many higher order services. One such service is the remote calculation service.

    Remote Calculation ServiceSpreadsheets are used extensively in an investment bank. Traders and back-office staff are very familiar with this sort of technology and build complicated models of trades, risk calculations, and so on. Spreadsheets have plug-ins for market data feeds from providers such as Reuters or Telerate and often make use of add-in analytic libraries that implement algorithms for calculating risk, curves, and prices.

    Some of the algorithms run by traders, back office reconciliation, or business controlling staff take a surprisingly long time to run. Value-at-risk calculations tend to fall into this category and it is not unusual for a risk calculation to take a couple of hours to complete.

    To see why spreadsheets are used so widely for these sort of calculations, consider the trader shown in Figure 2. Here, the trader has their risk model, which they have honed over the years. The spreadsheet model is fed with live data from the market data feeds and the trader uses their expert knowledge to input candidate prices, rates, or spreads into the model. At the end of the trading day the trader will run their value-at-risk calculation to inform their trading decisions for the next day.

    Now consider the position of the business controller who is responsible for assessing the value at risk for a whole trading floor. They are in the invidious position of taking each of the trader's spreadsheets in turn, validating that the market data has been approved, and running each calculation. This sort of situation was one reason for developing the remote calculation service (see Figures 3 and 4).

    The remote calculation service is one of the base services of the framework and can run a computation remotely on behalf of its client - one computation that is supported is spreadsheet calculations (including the driving of macros and add-ins, etc). The service allows its client to schedule a computation immediately or for some time in the future on a recurring basis. The computation can also be scheduled to run on receipt of a business event logged via the logging service described earlier.

    The remote calculation service is implemented as a BizTalk orchestration and has support to return the calculation results using a custom output orchestration. This feature, again, relies on the message subscription design of BizTalk. In this way, the results of calculations might be transformed and routed back to requesting users using their preferred transport mechanism (i.e., SMTP, FTP, etc.)

    Figure 4 illustrates, in a simple way, how the SOA can be built using the lower level services and how the BizTalk's flexibility can be utilized to add application, regional, or even user-specific processing into the architecture.

    ConclusionInvestment banks have complicated businesses that spread a round the world with many different trading partners. They operate in an environment of constant change and need to react very quickly to keep their competitive edge. This article has shown how one investment bank has reacted to these challenges and how BizTalk Server can help make the agile service-oriented architecture a reality.



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