DTCC Secures Trading Infrastructure with CAST
Wall Street Nerve Center, Longtime CAST Customer, Continues Investing in Quality
NEW YORK, Tuesday, September 4, 2012 – CAST, a world leader in software analysis and measurement, today announced that the Depository Trust and Clearing Corporation (DTCC) extended their investment in CAST Application Intelligence Platform (AIP) to measure the productivity of their application development and maintenance efforts.
DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. All of these services are based on custom software developed either in-house or through outsource partners. DTCC has been a CAST AIP customer for many years, using the AIP to ensure delivery of high-quality systems to their clients, which comprise all the major trading institutions on Wall Street. Because of the complexity of the systems involved, and their mission criticality, DTCC was an early adopter of CAST software analysis and measurement (SAM) technology.
The current extension of the CAST AIP allows DTCC to automate the measurement of Function Points. The Function Point is a standardized measure of software output, which can be used to baseline the factor costs of any kind of application development or maintenance activity. Automation of Function Point measurement allows DTCC management to create ongoing productivity program, and benchmark internal organizations to find sources of inefficiency. CAST’s deployment of Function Point automation is compliant with the emerging standard coming out of the Consortium for IT Software Quality (CISQ).
“There is no perfect measure of software output, but the Function Point has become the closest answer to this puzzle that’s come out of the Software Engineering profession,” said Dr. Bill Curtis, SVP and Chief Scientist at CAST. “As Function Point counting becomes truly standardized and automated, it will revolutionize our capabilities to measure unit output and professionalize IT management.”
CAST is a pioneer and world leader in Software Analysis and Measurement, with unique technology resulting from more than $100 million in R&D investment. CAST introduces fact-based transparency into application development and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption while reducing hard IT costs. CAST is an integral part of software delivery and maintenance at the world's leading IT service providers.
Founded in 1990, CAST is listed on NYSE-Euronext (Euronext: CAS) and serves IT intensive enterprises worldwide with a network of offices in North America, Europe and India.