Fluent Trade Technologies has announced their entrance into the “big data” financial analytics market with the release of Fluent BigData for the FX markets. A provider of low latency technology used by buyside and sellside FX firms for feed handling and pre-trade risk monitoring, according to Fluent Trade, the new product uses their existing systems to offer faster solutions for data analytics.
Fluent BigData provides SQL access for customers of their complete FX market data in real time. The SQL connectivity is accessible by popular quant tools such as R, Python and Matlab via Fluent Trade’s ODBC adapter which enables access from any existing customer’s application or third-party tool, without the need for technology migration.
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Commenting on the technology in the firm’s public release, Udi Ariav, Fluent Trade Technologies R&D manager, stated, “By seamlessly combining its proprietary code with open source phenomena like the Cassandra engine, Fluent has harnessed the market standard SQL language with the cost-effective, scalable, high throughput and ease-of-use advantages of no-SQL databases.”
Speaking to Forex Magnates, Ariav explained that Fluent BigData was developed based on client demand for additional analytics resources. Ariav added that use cases for the product among their clients include incident investigation, where data is instantly retrievable to monitor trading activity events, real time market replay for testing algorithms, and business intelligence reports. In addition, Ariav explained that Fluent BigData is expected to assist their clients in satisfying compliance requirements from regulators as the product can be used to retrieve and review customer trades.
According to Fluent Trade, the customer use cases were based on the product being created to provide value to both firms developing their own algorithms as well as companies desiring “off the shelf” analytics reporting. Explaining further, Joel Steinmetz, managing director of Fluent Trade Technologies, stated, “Our solution comes with a suite of predefined, out of the box reporting and investigation tools, giving immediate ROI. We cover a wide range of report types including incident investigation, replay, BI slice and dice, P&L and more.”