Timing and Visibility Are Key
The integration of SL’s flagship product, the RTView® platform a comprehensive business activity monitoring (BAM) solution, and Sybase® RAP – The Trading Edition™, a powerful, flexible market analytics platform for capital markets, provides a single-pane-of-glass view into massive amounts of historical trade and risk data from RAP, as well as real-time data feeds and complex event processing (CEP) streams. This unique and completely customizable BAM solution provides quantitative analysts and risk managers with previously unachievable operational visibility.
The RTView platform enables the easy creation and deployment of highly customizable dashboards, alerts, and reports based on both real-time and historical data from virtually any data source. Sybase RAP – The Trading Edition enables better trading and portfolio decisions with less risk through timelier, more comprehensive market insight. Applications for RAP include high performance quantitative analytics, real-time trade analytics, intra-day risk analytics, and regulation-driven analytics.
The integrated solution enables the development of custom applications that can provide:
- Support for real-time capture and storage of market data enabling:
- Model development and execution in minutes vs. hours
- Back-testing of algorithms against years of detailed market data
- Support for pre-trade analytics including:
- Pricing and order generation
- Order book aggregation
- Liquidity monitoring
- Support for post-execution information flow to:
- Evaluate efficacy of trading strategies
- Monitor P&L and risk at the trade-book and portfolio level
Benefits for Quantitative Analysts
Quantitative Analysts can leverage very high-speed analysis and visualization of up to a year of historical market data to identify and develop more refined algorithms. For example, the Aggregated Closing Price dashboard enables them to compare time-critical market data in context with historical trends so they can predict price movements and jump on associated opportunities.
The Stock Data – Historical Chart shows raw tick data coming from RAP, enabling quantitative analysts to see how a particular stock has performed over a defined time interval. They can parameterize the display by selecting from different stock symbols, time ranges, intervals, chart types and moving average periods.
Benefits for Traders and Trade Analysts
For traders and trade analysts, the Currency Exchange Rates dashboard presents both real-time and historical data for multiple currency tickers. Real-time data comes from a CEP engine such as StreamBase, Aleri, or Coral8, with deep historical data from Sybase RAP. The use of spark charts graphically shows 2- or 5-minute trends, but is completely user- configurable.
The Trade Summary display shows a breakdown of different equity classes, sources and buy/sell volumes. RTView performs the breakdown and aggregation against trade metrics, number of trades, latencies, and source of trades, with data stored in RAP. It can also show trade/operations statistics to provide a snapshot of how well trading applications are performing.
Another display shows the Volume-Weighted Average Price of a security. This display takes into account only trades from a specified time period and enables traders to make trade decisions instantaneously.
Benefits for Risk Managers
Risk Mangers benefit from real-time visibility via an interactive dashboard interface to allow sophisticated risk analysis pre- or post-trade. For example, the Moving Average Rainbow dashboard gives risk managers the ability to compare several market activity trends simultaneously so they can more accurately predict risk exposure and perform better risk analysis. The display shows 20 color-coded moving averages across a one-year time interval.
The custom 3D surface chart of the Portfolio Risk Analysis display can depict either portfolio risk or valuation against two other dimensions such as time, portfolio composition, or interest rate.
The combination of real-time BAM, ultra low-latency response times, and lightening-fast access to massive data stores enables Quantitative Analysts, Traders, and Risk Managers to create the best trading strategies and react faster, smarter, and with less risk than their competition.