Red Hat has announced that Millennium Global Investments (MGI), a provider of alternative investment products for institutional investors, has selected JBoss Enterprise BRMS (Business Rules Management System) for its business rules repository.
MGI selected JBoss Enterprise BRMS to bring business rules into a managed environment, standardise business rules and support the scalability of the business. The transparency of the new repository enables MGI business users to gain access to detailed information about why certain rules may prevent trading, the company said.
The company claims that the access improves business users’ efficiency and reduces the number of queries sent to MGI’s IT organisation. The transparent business rules repository is also a key part of MGI’s risk management strategy.
According to Red Hat, JBoss Enterprise BRMS is an open source business rules system that enables easy business policy and rules development, access, and management. It allows customers to reduce development time to update applications and processes with the new business rules and policies.
Richard Macaskill, managing director of IT & Systems Development at MGI, said: Red Hat’s flexible subscription terms for JBoss Enterprise Middleware allowed us to deploy only the components needed for the new platform and to avoid vendor lock-in.
“We were very pleased with the level of support Red Hat provided during the new business rules repository’s development. We are extremely satisfied to have deployed an integrated business rules platform that has improved our efficiency and ability to manage risk.
