Category Archive
Real-Time Analytics

Exploring Short Term Profit Per Million And Trader PnL

My colleague David Hall at TAPaaS wrote a great piece a few months ago that I came across and wanted to share. In his article, David asks this critical question: “Is Profit Per Million (PPM) in the first 30 seconds post trade a good predictor of a Traders’ Realized Profit when they ultimately close their positions?” David’s insight is that the received “wisdom of the crowd” on some key metrics commonly used…

Are your new MiFID II teams ready for prime time?

The Financial Times ran an article a few weeks ago about the hiring frenzy going on at banks in preparation for MiFID II. As they point out, “the number of job adverts on LinkedIn for MiFID-related roles has more than quadrupled in the last year in a sign of how companies are scrambling to be ready for the far-reaching European regulation.” I’ll point out that dealing with MiFID II, as well as any…

In-Memory Computing is the Present

Bobsguide published an article just before Christmas about the value of in-memory computing in cap markets that I found quite interesting. In it, they bring up the topic of “spread betting”: “The spread betting market is growing globally, with more than one million people opening spread betting accounts in Great Britain alone. The benefits of spread betting include low entry and transaction costs, preferential tax treatment, and a virtually unlimited array of products and options.

Using Visual Analytics to Support MiFID II Compliance

Best execution under MiFID II is a holdover from its predecessor, MiFID I, but with two kickers. First, it’s much broader in scope, applying to all asset classes versus MiFID I’s equities-only focus. Second, and perhaps more onerously, it’s more forceful: investment firms have an obligation to take “all sufficient steps” to execute client orders to ensure the best possible outcome for their customers, compared with MiFID I’s mere “all reasonable steps”. MiFID II also…

Deloitte on the Business Value of Visual Analytics

Several Deloitte partners have written an excellent article in the Wall Street Journal emphasizing the business value of using visual analytics to help managers reduce costs, identify anomalies and exceptions, and develop a better understanding of operations that can inform strategic decisions. They point out that the typical visualizations most people see in dashboards, presentations, and reports — pie charts and their cousins — can be confusing at best and misleading at…

Build a Kafka-Enabled HTML5 Trading Analytics Dashboard in 20 Minutes

I spend most of my time on site at banks, hedge fund offices, and exchanges helping them build customized trading analytics displays. One of the most common questions I hear is, “What should our internal technology staff focus on in order to make us more responsive?” To me, there’s only one right answer: Focus on the data fabric, not the GUI. The internal staff should strive to be as responsive as possible to the trading desks.

Panopticon 16.5 Delivers New Nanosecond-level Analytics Optimized for Electronic Trading Firms

Panopticon 16.5 Delivers New Nanosecond-level Analytics Optimized for Electronic Trading Firms Latest version makes it easier for capital markets firms to comply with MiFID II/MiFIR and enhances support for Apache Kafka BEDFORD, Mass. – November 1, 2017 – Altair Corporation (NASDAQ-CM: DWCH) today announced the general availability of Panopticon 16.5. The latest version of the Panopticon real-time visual analytics platform represents a major advance in capabilities designed to help capital markets firms operate…

Cocktail Parties, Christmas Plans and MiFID II

Bloomberg recently reported about the ticking clock for MiFID II and how the regulatory change due to come into effect in January 2018 has impacted the working lives of financial professionals on both the buy and sell side. As reported in the article: “If you have started MiFID II projects too late, you won’t have time for anything else for the rest of the year and can’t even celebrate Christmas,” Christian Schoeppe, the head of…

Altair Panopticon and Itiviti Deliver A Radically Fast Trading Platform with Streaming Data Visualizations

Altair Panopticon and Itiviti Deliver A Radically Fast Trading Platform with Streaming Data Visualizations Technology partnership advances data analytics for capital markets BEDFORD, Massachusetts – February 15, 2017 – Altair Corporation (NASDAQ-CM: DWCH) today announced an extended OEM partner agreement with Itiviti, a world-leading technology provider for the capital markets industry. The longstanding partnership will continue delivering Altair Panopticon as a complement to Tbricks by Itiviti, a flexible, scalable, co-located…

Altair Panopticon 16 Offers Advanced Real-Time Streaming Data Analytics and Visualization Capabilities for Capital Markets

Altair Panopticon 16 Offers Advanced Real-Time Streaming Data Analytics and Visualization Capabilities for Capital Markets New server platform enables e-trading desks to quickly design and publish analytic dashboards for fast time-to-insight and action BEDFORD, Massachusetts – January 25, 2017 – Altair Corporation (NASDAQ-CM: DWCH) today announced the general availability of Altair Panopticon 16, the most advanced visual analytics platform for the capital markets industry. The latest version of this proven solution provides faster…