If all you have to do is implement a system, then just read the specifications and you're done! …Really? I had just returned from a business trip to London. The purpose of the trip was to introduce a system used in the UK into Japan. At first, I thought: “If it’s a UK system, all we need to do is read the specifications.” Understand the system requirements. Check the functions. Then implement them in Japan. Simple enough. But as soon as I actually started reading the requirements, I ran into a wall. “This simply won’t work as it is in Japan…” A System Reflects the Business of Its Country The reason was simple. The business rules underlying the system itself were different between Japan and the UK. The securities industry, in particular, has a complex, multi-layered structure of rules. First, regulatory authorities and exchanges establish the rules. Large banks and securities firms then translate those rules into their own business processes. Smaller securities firms follow and supp...
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