Capital Markets
Truviso's software enables securities traders to analyze and act on rapidly growing volumes of market data in real-time. Our solution continuously processes data from multiple sources as they arrive, and instantly triggers alerts or trades automatically based on risk thresholds, market fluctuations, arbitrage opportunities or other criteria—maximizing portfolio returns.
Business Problem
Trading in capital markets is changing. Consider:
- Market data volume is doubling every year
- Algorithmic will be >40% of US equities trades by 2008
- Reg NMS/MiFID driving compliance changes
- Leveraged trading is increasing portfolio risk
To win, you must constantly enhance your unique competence and eliminate the growing latency between data arrival and decision execution. The increasing market velocity also means you will have to react quickly to your competitors' strategies and optimize trade execution.
Our Solution
Truviso's solution for capital markets enables traders across a range of asset classes to continuously analyze market data, instantly identify trading signals, and execute algorithmic trading strategies with near-zero latency.
- Unlike first-generation algorithmic trading systems which rely on proprietary hard-coded scripts, Truviso allows SQL-based queries to be continuously run against live data streams—providing total flexibility to perform virtually any analysis of market data in real-time.
- Truviso's capital markets solution includes connectors to a variety of leading market data sources, including Reuters™, Flextrade™, HotSpot™ and others through standard XML, CSV and FIX connectors.
- Truviso supports data rates in excess of 200,000 records per second on a single server, and can be clustered to handle even higher data rates. Literally thousands of continuous queries can be run simultaneously against incoming market feeds, enabling instant visibility for every trader and any strategy. Incoming data feeds can also be compared to historical data on-the-fly.
The results of Truviso's data analysis are pushed to a dynamic, animated reporting front-end to visualize market trends for traders and other decision-makers. "Event forensics" and "replay" are available to deepen understanding of market/competitive behavior and to help refine strategy and trade execution.
To win, you must constantly enhance your unique competence and eliminate the growing latency between data arrival and decision execution. The increasing market velocity also means you will have to react quickly to your competitors' strategies and optimize trade execution.
Differentiators
Truviso's unique capabilities translate into a differentiated advantage for your firm. Our solution uniquely offers all the following:
- Extensible query framework - queries are implemented in SQL (with support for views, user-defined functions, stored procedures, etc.) and can be "stacked" with thousands of queries running concurrently on a single system.
- Aggregation of disparate data sources - the ability to analyze multiple data streams from disparate sources and data formats, including XML, CSV, FIX and proprietary APIs, simultaneously in real-time.
- Comparison to historical trading data - because queries can run over both real-time and historical data, trading models can be built that compare new incoming data with past trends, averages or scores.
Benefits
Regardless of your firm's strategy, asset classes, or trading style, Truviso delivers the power of real-time analysis, visibility and action—leading to better decisions and improved profitability. Specific benefits include:
- Better trade execution through improved market visibility and responsiveness
- Unique market analysis not available from data providers or sell-side firms
- Ability to exploit short-lived market conditions through event-triggered actions
- Ability to run algorithms developed in a variety of languages (C, C++, C#, Java) and statistical modeling packages directly against real-time data
- Improved understanding of risk profile and proprietary trading strategies
- Immediate identification of any compliance or regulatory exceptions
- Continuous evaluation, learning and improvement of trading models and strategies
Capabilities
The Truviso capital markets solution makes sophisticated, high-volume data analysis—which was previously only financially and technically feasible for the largest Wall Street firms—accessible to any size or type of investment fund.
Key capabilities include:
- Pre-defined queries for common computations (e.g. VWAP/TWAP, bid/ask spread, etc.)
- Direct integration to leading financial data providers and order management systems
- Library of visualization templates for creating dynamic front-end reports
- Real-time alerts and actions (e.g. trades) based on user-defined event triggers
- Rapid creation of custom queries using standard SQL-based programming language
- Ability to capture and replay data for back testing high frequency proprietary trading models
- Full database capabilities enable caching of stream results, historical queries, archiving, back-testing, bench-marking, etc.
- Extreme performance - analyzes data streams in excess of 200,000 records/second on a single server with response times measured in milliseconds
To download information on Truviso's Capital Markets Trading solution, click here.
