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IS480 Team wiki: 2016T1 Ingenium Midterm

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Main Wiki Midterm Wiki


Links & Slides

Project Progress Summary

Iteration Summary:

  • Current Iteration: 7 (1-Oct-16 to 15-Oct-16) out of 10 iterations
  • Till date, 60% of project scope completed
  • Due to a sudden change of data provider in the past month, our team has successfully fixed all of the previously completed functionalities to adopt the new API by the new vendor and with the remaining scope, we're confident to complete ... In the past month, our team has completed 1 external testing with our client's broker and 1 UAT. However, .
  • Have the project continued as planned? If not, is the team confident to complete? This is a crossroad for the team to make a decision. Proceed with confident or file an incomplete.

Project Highlights:

  • Change of data provider - completed on 13-Sep-16
  • UT Results? X-Factor reached?
  • List of requirement changes
    • CRUD items replaced with CU/Sync/Archive items
    • Business analytics replaced with iPad client
  • Took 8 weeks to learn Ruby on Rails

Milestones:

Upcoming:

  • 06-Oct-16 | Midterms Presentation
  • 07-Nov-16 | Poster Submission
  • 21-Nov-16 | Final Presentation
  • 02-Dec-16 | Poster Day

Completed:

  • 15-Jun-16 | Proposal Submission
  • 10-Aug-16 | Acceptance Presentation
  • 23-Sep-16 | Data UAT
  • 28-Sep-16 | Broker UAT & Client Testing


View all Milestone Documents here.

Project Management

Project Status:

S/N Description Module Completion Confidence Comments
1 Retrieve Data from Data Provider Connectivity 100% 1.0 Implemented by Mingliang
2 Network I/O from IDC Connectivity Removed due to change in data vendor
3 CRUD Order Trading Platform 80% 1.0 Implemented by Hongkun
4 Display Order Book Dashboard Trading Platform 80% 1.0 Implemented by Hongkun
5 Order Execution Confirmation Trading Platform 70% 1.0 Implemented by Hongkun
6 Display Profit & Loss Trading Platform 90% 1.0 Implemented by Hongkun
7 Subscribe Stocks to Market Watch Market Watch 100% 1.0 Implemented by Mingliang
8 Display Market Watch Market Watch 100% 1.0 Implemented by Mingliang
9 Subscribe Stocks to Watch List Watch List 100% 1.0 Implemented by Mingliang
10 Display Watch List Watch 90% 1.0 Implemented by Mingliang
11 CRUD Market Making Orders Market Making 100% 1.0 Implemented by Huaswee
12 Market Making Automated Hedging Market Making 0% 1.0 To be implemented by Huaswee
13 Market Making to Allow Manual Intervention Market Making 0% 1.0 To be implemented by Huaswee
14 CRUD Arbitrage Algorithm Trading Algorithm Trading 0% 1.0 To be implemented by Huaswee
15 Rights Arbitrage Algorithm Trading 0% 1.0 Huaswee is researching on Arbitrage Algorithm
16 Buy-in Arbitrage Algorithm Trading 0% 0.8 Huaswee is researching on Arbitrage Algorithm
17 Index Arbitrage Algorithm Trading 0% 0.4 Huaswee is researching on Arbitrage Algorithm
18 Real-time update for Market Watch Design Architecture 90% 1.0 Implemented by Mingliang
19 Real-time update for Watch List Design Architecture 90% 1.0 Implemented by Mingliang
20 Real-time update for Order Book Design Architecture 100% 1.0 Implemented by Hongkun
21 Real-time update for Profit & Loss Design Architecture 0% 0.6 To be implemented by Hongkun
22 Real-time update for Transaction Log Design Architecture 100% 1.0 Implemented by Hongkun
23 Login / Logout Account Management 100% 1.0 Implemented by Hongkun
24 Access Rights Account Management 0% 0.5 To be implemented by Hongkun
25 Display User Profile Page Account Management Removed due to scope ambiguity clarified
26 Account Module (Primary / Secondary Server / Trader) Account Management Removed due to scope ambiguity clarified
27 Add / Remove Broker Account Account Management 0% 1.0 Added scope due to scope ambiguity clarified
28 Set Trade Limit to Account Account Management 0% 1.0 Added scope due to scope ambiguity clarified
29 Display Transaction Log for Broker Accounts Account Management 100% 1.0 To be implemented by Hongkun
30 Failover Secondary Function Removed scope due to change in data vendor
31 Concurrency for Market Watch Secondary Function 100% 1.0 Implemented by Mingliang
32 Concurrency for Watch List Secondary Function 100% 1.0 Implemented by Mingliang
33 Concurrency for Order Book Secondary Function 100% 1.0 Implemented by Mingliang
34 Concurrency for Profit & Loss Secondary Function 0% 1.0 To be implemented by Mingliang
35 Concurrency for Transaction Log Secondary Function 100% 1.0 Implemented by Mingliang
36 Code Revision for Lower Latency Secondary Function 0% 0.5 To be implemented by all developers
37 Conditional Order Triggers based on Parameters Secondary Function 0% 0.5 To be implemented by Huaswee

Project Scope

Ign-scope.png

Highlights of Changes Made in Scope

  • Revamp of scope modules to group by functionalities so that it is more user-readable
  • Implementation of new module, Arbitrage Algorithm Trading, proposed by Sponsor as a secondary function
  • Removed implementation of foreign markets to focus on trading in SGX market first due to change in data provider
  • Rescoped Account Management due to different understanding of functional requirements previously
  • Removed failover in secondary function as we have no control over the infrastructure (server) that is collocated at SGX now

Project Schedule (Plan Vs Actual):

Compare the project plan during acceptance with the actual work done at this point. Briefly describe a summary here. Everything went as plan, everything has changed and the team is working on a new project with new sponsors or the supervisor is missing. A good source for this section comes from the project weekly report.

Provide a comparison of the plan and actual schedule. Has the project scope expanded or reduced?

Ign-overallschedule7.png

Highlights of Changes Made in Schedule

  • With the change of data provider, re-scheduled the development of certain functions (connectivity module & market watch) in Iteration 5


Project Metrics:

Ign-taskmetric.png Ign-bugmetric.png

Project Risks:

Describe what you learn from the risk update and mitigation steps taken. Put top 3 risks here.

Technical Complexity:

Describe and list the technical complexity of your project in order of highest complexity first. For example, deploying on iPhone using Objective-C, customizing Drupal with own database, quick search for shortest flight path, database structure, etc.

What is the design of our architecture?

Quality of product

Provide more details about the quality of your work. For example, you designed a flexible configurable system using XML.config files, uses Strategy Design Pattern to allow plugging in different strategy, implement a regular expression parser to map a flexible formula editor, etc.


Intermediate Deliverables:

Type Description Documentation
Project
Management
  • Minutes
  • Metrics
  • Risk Management
  • Change Management
Requirements
  • Story cards
Analysis
  • Network Diagram
  • Architecture / System Sequence Diagram
  • Use Case Diagram
  • Market Making Business Process Diagram
Design
  • Architecture Diagram
  • Try to include design deliverables that shows the quality of your project.
Testing
  • User test plan

Deployment:

In an iterative approach, ready to use system should be available (deployed) for client and instructions to access the system described here (user name). If necessary, provide a deployment diagram link.

Testing:

Describe the testing done on your system. For example, the number of user testing, tester profile, test cases, survey results, issue tracker, bug reports, etc.

Reflection

Team Reflection:

In a project that can only be developed in the hours of 9 to 5, constant communication, merticulous planning and adapative schedule is very important in ensuring the success of the project.

Learning Outcome

  • The Financial Information Exchange (FIX) Protocol is a message standard developed to facilitate the electronic exchange of information related to securities transactions. It is intended for use between trading partners wishing to automate communications.
  • Level1 (L1) Market Data or Level 1 Quotation Data consists of the real-time Best Bid and Best Ask Prices and the Bid and Ask Sizes available at those prices.
  • Level2 (L2) Market Data or Level 2 Quotation Data is the list of all Bid and Ask Prices with sizes and order originators.
  • ISO 10962 is the standard code that classifies financial instruments.
  • ISO 10383 is the standard code that identifies exchanges and financial markets

Benjamin Gan Reflection:

You may include individual reflection if that make sense at this point. The team is uncooperative and did not follow my instructions.