1. Wealth Management Tool Murray Crease Scott Logic

2. Introduction  Scott Logic – Background to Project  Wealth Management Tool Overview  CRM  Portfolio Management  Yahoo Finance  Financial Concepts  Development

3. Scott Logic – What We Do  Bespoke Software Development Largely in the financial sector  Trading Screens Allow users to buy/sell  Market Data Inform users  Research Screens Allow users to share research (documents, models, etc.)  Trade Processing Process trades, manage positions, inform brokers, etc.  …

4. What Does This Mean?  Interactive UIs Drill down, zoom, filter, sort, etc.  Large quantities of data Performance important: caching, responsiveness, etc.  Robustness Fail gracefully, alerting, logging, etc.  Typically full slice of a system DB -> Services -> UI

5. Example Architecture Client (WPF) Views RPC (IIS) Live Market Data Analytics Close Data Cached Data Server (IIS) Live Data Oracle

6. Example UI – Market Data

7. Example UI – Trading Screen

8. Example UI – Trade Research

9. Example UI – Analysis Screen

10. Example UI – Innovative Stuff

11. The Wealth Management Tool  Background  User Stories  CRM  Portfolio  Yahoo Finance  Finance Concepts

12. Background  Financial Advisers (FA) Manage interactions with clients (CRM) Manage client portfolios  Desktop Application Tablet, Smartphone optional  UI should be dynamic and attractive Easy to use Suitable for client viewing

13. User Story – Client Meeting  As a FA I want to find client information by searching on name  As a FA I want to be able to browse my clients  As a FA I want to view the history of previous meetings with a client  As a FA I want to view the portfolio history of my client  As a FA I want to buy or sell shares identified by myself or the client  As a FA I want to record notes of meeting outcomes

14. User Stories – Market Research  As a FA I want to view the current values for a stock  As a FA I want to view the historical performance of a stock  As a FA I want to browse stocks in a specific market  As a FA I want to view biggest risers/fallers in a market

15. User Stories – Calendaring  As a FA I want to be able to view my schedule for a given day  As a FA I want to be able to navigate to a client from a calendar appointment

16. Customer Relationship Management  Client Details Name, address, phone, NI number, …  Add client  Remove client No longer associated with FA but retained by system  Super User Transfer client between FA View all clients Create FA

17. Portfolio Management  The core of the system Where value added to FA  Data at the heart of it Lots of it … need to manage it Need to think about how to present it  Financial concepts Straightforward on the face of it Quickly can become complex

18. What is a Portfolio  A collection of assets (instruments) across different asset types Cash – GBP, USD, EUR Shares – aka Equities – ownership of companies Derivatives – value derived from attributes such as interest rates  Overall value Based on value of assets at current time Need to consider currency Split of value over components  Historical value Based on value of assets held at time over fixed period  Buy/Sell assets Shares – at current price Cash – at current exchange rate  Need to be able to deposit/withdraw base currency

19. Financial Concepts – Asset Value  Assets have a value 1 USD = 0.6186 GBP 1 Vodaphone share = 203p  Value depends on whether buying or selling Price to buy higher than price to sell Bid – price to sell (max price buyer’s prepared to pay) Ask – price to buy (min price seller’s prepared to accept) Spread = Bid – Ask (= market maker’s profit)  Values fluctuate constantly – intraday

20. Financial Concepts – Close Data  Historical data – daily Open, High, Low, Close Volume  Stock Splits – increase liquidity Adjusted Close  Problem Feel free to ignore but … Do need to make a decision on how to handle Brownie points for solving  Whatever the solution use close data for pricing

21. Financial Concepts - Dividends  Dividend – cash given to holders of shares (£/share) Distribution of profits Can affect share price (ignore!)  Can consider using dividends Show history Add payments to portfolios

22. Financial Concepts – Markets  Different regions have different stock markets E.g. London, NY, Tokyo, …  Stock Markets have different indices Collections of shares E.g. FTSE 100, FTSE 500, Dow Jones, …  Indices have components Individual companies … i.e. shares

23. Financial Concepts - OHLC

24. Financial Concepts - Candlestick

25. Financial Concepts - Sparkline

26. Financial Concepts – Changes

27. Yahoo Finance  Freely available stock data Community table (i.e. not 100% robust)  Limit to query responses Table dependent Companies – 5000 max Historical data – 364 max  Limit to number of queries 2000 queries per hour per IP address Real problem … need to think about solution

28. Yahoo Finance – Web Page  https://finance.yahoo.com/ https://finance.yahoo.com/

29. Yahoo Finance - YQL

30. Yahoo Finance – Useful Tables  Yahoo.finance.historicaldata Daily OHLC prices, adjusted price and volume  Yahoo.finance.quotes Company information  Yahoo.finance.dividendhistory Dividend history!  Yahoo.finance.stocks Company information

31. Yahoo Finance - YQL  Yahoo Query Language Very similar to SQL select from where  E.g. for Apple: select Open from yahoo.finance.historicaldata where symbol = "AAPL" and startDate = "2014-05-30" and endDate = "2014-06-15"

32. Yahoo Finance – Things to Think About  Limits  Data Structure Not necessarily in suitable format Queries limited based on keys  E.g. Get every company in London Information in DB but can’t query on exchange  E.g. Get every company in FTSE 100 Information not on DB

33. Yahoo Finance – YQL Gotchas  Response limits May return nothing if too many May return max number but not indication of error  Error responses inconsistent (e.g. invalid symbol) 0 values returned Explicit error message  Parameter names are case sensitive

34. Development Process  Scrumbut Course requirements Daily Standups  Things to keep Self organising Continual process improvement Backlogs

35. Development Technologies  Your choice but … Desktop but potentially mobile Easy deployment Learn new things vs. Get things done  Source control  Testing  Code Reviews  Continuous Integration  Just a thought http://www.highcharts.com/products/highstock

36. Managing the Process  Need to manage backlogs etc. LOTS of tools  Just a suggestion: Trello Lightweight & Free Online Freeform task management  Needs to be organised into appropriate format  Doesn’t enforce process

37. Scott Logic Mentors – Edinburgh only  Experienced developers Working a day job  Help with process/high level design Less so with bugs and compile errors  Help with financial concepts To an extent Also presentation  Product owner Send questions to Project Director  Limited contact A call per fortnight Emails (may get no response!)

38. Scott Logic  We will start looking for graduate applications soon  Also looking for interns Need to have completed penultimate year when doing internship  Blogs Examples of financial charting What hip hop teaches us about UX … http://www.scottlogic.com