Information Technology Projects
Prof. Arthur Goldberg, Computer Science Department, New York University
Spring 2000 Proposals
Deutsche Bank: Web and Email Confirmation of
With 1,400 branches in Germany, over 260 branches in Italy and in Spain
and numerous branches in other European countries Deutsche Bank is the
biggest bank in the euro currency zone. As a universal bank, it offers
the full range of modern bank services. These include payment services,
all kinds of savings and investments, credits, corporate finance including
securities issues, as well as trading in securities, foreign exchange and
derivatives. The bank also supplies building and loan facilities,
and a wide range of insurance products. More than 75,000 staff serve
almost 7 million customers in 57 countries around the world.
This project will design and prototype a system which will publish confirmations
of trades on the Web to clients who execute transactions in Deutsche Bank's
securities settlement system, dbTrader. Briefly summarized, dbTrader
is a real-time, multi-currency, settlement processing application.
dbTrader covers banking operations in the areas of:
Futures and Options
Currently, dbTrader trades are confirmed by (paper) mail, telex, and
fax. Clients may select an output type, and 'end-of-day' routines
create the designated output. With regard to mail confirmations (confirms)
the system generates one file with all the mail output in sequence. This
file is printed and generates the various hard copy confirms.
In the fall of 1999 a student intern team from NYU prototyped an email
confirmation system. This project will build on that prototype.
We will design and prototype a Web site to publish secure trade confirmations.
The site will use encrypted communication, using the secure sockets layer,
SSL. Additionally, customers will need to login to access the site.
Email confirmation will augment Web confirmations by sending a client
(or other interested party) an email with a URL for the location of the
confirmation on the Web site.
Web confirmations offer several advantages over email confirmations.
First, the content of the trade can only be viewed by the client, and not
by a potentially hostile third party snooping on the network. Second,
whereas email is unreliable (the bank can only be certain that someone
received an email if they respond to it) the Web site can record whether
a confirmation was viewed, and hence unequivocally confirm that a confirmation
has been read.
Information about the design and implementation of the email confirmations
is available at www.cat.nyu.edu/access
Email confirms of trades would be formatted in the same layout as current
As envisioned, the project would involve the following:
In addition, if time allows, the project may explore other electronic confirmation
and notification issues, such as statements, preadvices for events.
Study Web security, especially SSL and login authentication.
Design a Web confirmation system which would build on the existing email
Consider how to simplify access to the Web confirmation while maintaining
Prototype the Web confirmation system
Prototype email transmission of a URL to access the Web confirmation
Record who accesses the Web confirmation
The technologies which this project might employ include several of
Java Server Development running on Solaris
Java Client Application Development running on Windows NT
MQ for publishing messages from DBTrader platforms
XML for message formatting (Part of DBus delivery)
1251 6th Ave. 37th Floor At 50th Street
Company Web site
David Faust, Vice President, firstname.lastname@example.org, 469-6434
Steve Cooney, email@example.com, 469-6561