Sybase SA has announced the local availability of a next generation market analytics software platform from Sybase, designed specifically for high-volume, high-velocity trading environments.
The new solution, called RAP – The Trading Edition, is the first commercially available solution for addressing combined analytics requirements and enables capital market firms to make better trading, risk and portfolio decisions with less risk through timelier, more comprehensive market insight.
"The capital markets industry thrives on data," says Rudi Leibbrandt, Sybase practice manager at Sybase SA. "The competitive edge created through faster and deeper analysis of market data is coming under increasing pressure, as firms must now compete in an environment of increased complexity, exponential growth in trade volumes, where every millisecond matters."
RAP – The Trading Edition, enables capital markets firms to capture and consolidate high volumes of market data feeds by efficiently storing multiple years of trade and other data in real time-compressing stored data by up to 70% and capable of storing up to terabytes of data, while delivering 10 to 100 times faster analytics performance than traditional data management platforms.
"RAP – The Trading Edition is the only integrated solution today with the ability to absorb streaming market data feeds and consolidate these with vast stores of historical data for common shared access and analysis," says Dr Raj Nathan, chief marketing officer at Sybase. "We offer an enterprise-class platform that can offer a single source of data to the entire trade life cycle, from quantitative analysis, through pre-trade pricing, to market risk analysis and compliance.
"In today's unforgiving market environment, financial services firms need best-in-class, bulletproof solutions that afford instantaneous throughput with no down-time. Sybase RAP – The Trading Edition is very robust, having a built-in administrative console and dependable business continuity/disaster recovery solutions to protect against system failures."
Sybase SA's Leibbrandt says that the new, shared data solution enables all parties that deal with market data such as traders, quantative analysts, portfolio managers, risk managers and compliance officers to work from the same page. Analysts can run powerful quantitative models against years' worth of time-series market data, trading histories, and reference data, with complex analysis running in minutes vs. hours; risk managers can monitor balance sheet exposure hourly to reduce firm-wide risk; and compliance officers can audit the trade flow to meet the latest market compliance requirements.
Internationally, leading financial services institutions, such as Mitsubishi UFJ Securities International plc (MUSI), have already adopted RAP – The Trading Edition.
"As an early adopter of RAP – The Trading Edition, our trading desk has been able to be more responsive to market opportunities through faster, more complete analysis of market data, both historical and real-time feeds," says Jason Ross, director, Rates Trading Group at MUSI. "We were pleasantly surprised at the performance speed, and found we need only half the storage capacity to store the same amount of data."