WMS Asset Management AG - World Market Screener project

The goal of the World Market Screener® system was to develop a stock market analysing software forecasting trends and prices of securities and optimise the management of investment portfolios.

The innovative and high performance product, providing real-time analysis of huge record sets and high quality results combined with low development cost is already successfully used to manage a long/short equity hedge fund in a highly competitive but lucrative market.

The key challenge within this project was the development of statistical models with optimal forecasting and optimisation results (forward-back-testing) and the development of efficient processing algorithms, being able to handle multiple price data streams from all major stock exchanges in the world in real-time.

Development of the World Market Screener® system required highly qualified developers with specific knowledge in the financial market sector, development and implementation of statistical and data-mining models as well as knowledge in development of high performance and high availability server technology.

• Technopark developed the project plan together with the Swiss-based WMS Asset Management AG in an initial workshop. As a result the key requirements concerning developer skills and number as well as the organisational structure and the time frame of the project were defined.
• Technopark recruited the programming team in close co-operation with WMS Asset Management AG and prepared the employment contracts. Furthermore Technopark provided offices and the IT and communication infrastructure.
• WMS Asset Management AG managed and controlled the whole project development process. WMS Asset Management AG was fully responsible for the system design, project management and system testing. The project management operated in Lithuania.
• Together with WMS Asset Management AG the Technopark programming team developed the general system requirements.

With just 40% of the development budget compared to in-house development in Germany the first released of the World Market Screener® has been released in October 2004.
The key features of the first release are:

• Processing of data of 23.000 securities through a distributed server cluster.
• “Intraday” downloading and real-time analysis of stock data.
• Complex analytical models entailing e.g. neural networks and genetic algorithms.
• GUIs for analysing data and result visualising as well as portfolio management.