The model representation uses the following approach in implementing a RulePoint solution for the trading use case:
The model uses an RSS Service that brings in real-time data from a money control site as events into the RulePoint system. The rss-feed is in rss format, which contains the title (currency code), description of the currency value type, date, author, categories, link, mimetype, and URI.
If the RSS URL is down, provide a similar RSS feed URL to work with the use cases.
After the source reads data, the configured advanced or template rules analyze if the trader can trade and has not crossed the country threshold limit, and simultaneously alerts the traders.
The watchlists specify the forex regulation list, volatile areas where currency exchange is high, the preferred currencies for trading, high risk currencies that require approval, and the list of preferred banks for money transfer or exchange.
The SQL analytics retrieve the currency threshold for a country and the country name from the currency lookup table that matches the country code. A custom analytic (string analytic) retrieves the country code from the country title.
The event transformer response transforms one topic to another to determine currency buying or selling. The alerts are in the form of email or RTAM responses.