RealTime IT News

A Platform to Reckon Trading Day

Sybase today announced the general availability of the Risk Analytics Platform, a management solution designed to support trading applications in capital markets.

A provider of enterprise infrastructure and mobile software, the Dublin Calif.-based company expects the platform to compete head-to-head with bigger players like Oracle and IBM .

Its implementation allows customers to harness real-time market data and vast stores of trend data, providing improved profitability of trading operations, according to Ian Warford, director of the Financial Solutions Group at Sybase.

The latest platform also collects both historical trend data, boosts database performance and shrinks storage requirements. It also allows for the development of improved algorithms for trading applications with the goal of placing timelier trades and discreet monitoring of risk, profit and loss, according to Warford.

He said the company has crafted a platform for trading companies that can profoundly change the way their applications currently act on data.

The platform allows firms to "streamline massive amounts" of data, as opposed to forcing traders to rely on overnight batching. This often lost them hours and left firms' IT workers struggling with large amounts of stored data, according to Warford.

"A few basis points can mean the difference of a few million dollars", he said. "The main factor working against trading firms in recent years is an explosion of data in the capital markets."

Sybase is expanding on its position as an established data-management leader in financial services markets worldwide, with technology that handles more than 60 percent of all global trade transactions each day, according to Dean Marchetti, director of engineering at Sybase.

"With Sybase Risk Analytics Platform, we deliver a unique consolidated risk and trade data repository that is actually capable of capturing and consolidating volumes of real-time market data and deep historical data to support more effective, near real-time trading analytics. This allows our customers to spot trends and opportunities buried in the data and act on them ahead of the competition," he said.

Many capital market customers worldwide currently use Sybase IQ as the engine to support their risk analytics and trading solutions, including eSpeed, Millennium Partners, Citigroup and Investment Technology Group, Lisa Dreyer, director of marketing at Sybase, said.

Based on the Sybase IQ relational database and PowerDesigner database-modeling tool, the Risk Analytics Platform can help achieve queries that are up to 100 percent faster than typical relational database management systems, while slashing the amount of storage required by up to 70 percent, said the company.

"As data volumes continue to increase at an almost exponential rate, it is imperative for financial sector companies to rethink their risk-management solutions," Larry Tabb, founder and CEO of the Tabb Group, said in a statement. "As data speeds up and as more trading is done from the client site, firms need better ways to understand exposure, improve investment capital returns, and remain competitive.

"While there are different approaches to accelerating risk analytics from in-memory databases to proprietary to traditional RDBMS, it is very important that the solution be lightning fast, highly scalable and able to integrate efficiently with existing applications," he said.