The cost of outdated analytics for traders and risk managers

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The cost of outdated analytics for traders and risk managers

Outdated analytics can be a major obstacle for traders and risk managers. In this blog, Alexei Tchernitser, Director of Product Management at Quantifi, discusses how Quantifi's advanced analytics are transforming the market landscape.

19 Aug, 2024

Outdated analytics can be a major obstacle for traders and risk managers, leading to missed opportunities, incorrect insights, and poor decision-making. Alexei Tchernitser, Director of Product Management at Quantifi, discusses how their advanced analytics are transforming the market landscape.

"When your analytics don't align with market standards, you're at risk of making decisions based on incorrect data."

Alexei Tchernitser, Director of Product Management, Quantifi

The cost of outdated analytics

Alexei highlights the challenges faced by firms using legacy analytics systems. "Many companies struggle with systems that are too slow or outdated to handle the demands of modern markets," he explained. "This can result in missed opportunities and inaccurate profit and loss (PNL) calculations."

Outdated analytics can also lead to discrepancies between a firm's internal valuations and those recognised by the market. "When your analytics don't align with market standards, you're at risk of making decisions based on incorrect data," Alexei warned. "This can have serious implications for both revenue and regulatory compliance."

Redefining analytics

Quantifi, a leader in financial analytics, addresses these challenges with a robust suite of tools that deliver accurate and timely insights. "We started in the analytics space and have developed some of the strongest tools available," Alexei noted. "Our analytics are on par with those used by major dealers and tier-one banks, ensuring our clients can trust the numbers they see."

One of the standout features of Quantifi's analytics is ease of use. "The onboarding process is fast, and our tools are user-friendly, which means firms can start benefiting from them almost immediately," Alexei said.

The solution supports integration with Excel (XL) and MATLAB, facilitating data analysis and visualisation. Additionally, it provides XML serialisation for efficient data exchange and compatibility. "Being platform-agnostic, Quantifi's analytics can be deployed on Windows, Linux, and macOS, ensuring flexibility across different operating systems. This versatility makes it an ideal choice for developers seeking robust analytical solutions across diverse environments and platforms," comments Alexei.

Cross-asset support

Quantifi supports a broad range of asset classes - fixed income, rates, FX, credit, equities & commodities, making it a all-round solution for diverse trading activities. "Our platform covers everything from simple assets to the most complex derivatives," Alexei highlighted. "This ensures consistent and accurate analytics across all areas of a firm's operations."

"Through Quantifi's data science-enabled platform, clients can tailor their analyses to specific needs and gain deeper market insights."

Alexei Tchernitser, Director of Product Management, Quantifi

Maximising performance

Quantifi's analytics leverage the power of multi-core and grid/cloud computing environments. The architecture is thread safety and maximises performance through the extensive use of task-parallel algorithms (TPL) and Intel Threading Building Blocks (TBB). This allows efficient handling of concurrent processing, providing scalable and reliable data analysis. The inclusion of SIMD (Single Instruction, Multiple Data) vectorisation support further enhances computational efficiency by enabling parallel processing of data vectors. "These features make Quantifi's analytics ideal for high-performance computing tasks, offering improved speed and scalability for complex analytical," adds Alexei.

The power of data-science

Alexei highlights that Quantifi's platform enables clients to perform customised, portfolio-level analyses using advanced tools and programming languages like Python. "Through Quantifi's data science-enabled platform, clients can tailor their analyses to specific needs and gain deeper market insights," he explained.

This flexibility is particularly valuable in today's data-driven environment. By enabling clients to write their own scripts, Quantifi ensures that firms can adapt the platform to their unique strategies and market conditions.

Seamless API integration

Quantifi also provides its analytics as a library, which can be called through programming APIs supporting Python, C#, C++ and Java. "Our analytics library integrates easily into existing systems and worklfows via APIs," Alexei noted, enhancing workflow efficiency without disruption.

The library is particularly advantageous for firms aiming to advance their machine learning and AI frameworks. By integrating Quantifi's models into their AI-driven processes, clients can enhance predictive analytics, risk management, and trading strategies. "Our analytics can be effortlessly incorporated into clients' machine learning and AI frameworks," Alexei added. This synergy not only boosts the accuracy of forecasts and risk assessments but also gives firms a competitive edge in the market.

"Our platform provides firms with a level playing field against the most sophisticated players in the market."

Alexei Tchernitser, Director of Product Management, Quantifi

Built for the way you work

The effectiveness of any technology solution relies heavily on the team responsible for its implementation, maintenance, and support. "Quantifi doesn't offer a one-size-fits-all approach, we customise our solutions to fit your specific needs. Our team of highly skilled technical and financial experts is dedicated to maximising client benefits by offering exceptional support, value-added services, and quick response times. We make it a priority to understand and engage with your business, allowing us to deliver a solution that is perfectly suited to your requirements," says Alexei.

Compete with confidence

"Our platform provides firms with a level playing field against the most sophisticated players in the market," Alexei stated. "It opens up new revenue opportunities and helps reduce risk through more precise hedging." Support for all the latest market innovations, including OIS discounting, Alternative Reference Rates and XVA is provided in an intuitive and uniquely extendible framework.

Alexei's insights underscore the importance of modernising financial analytics to meet today's market demands. With Quantifi, firms can overcome the limitations of legacy systems. As Alexei put it, "Quantifi's analytics give you the confidence to capitalise on opportunities that others might miss."

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